Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31trueNo description of principal activityfalse2023-04-01The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.44truefalse SC596414 2023-04-01 2024-03-31 SC596414 2022-04-01 2023-03-31 SC596414 2024-03-31 SC596414 2023-03-31 SC596414 c:Director1 2023-04-01 2024-03-31 SC596414 c:Director2 2023-04-01 2024-03-31 SC596414 c:RegisteredOffice 2023-04-01 2024-03-31 SC596414 d:Buildings 2023-04-01 2024-03-31 SC596414 d:Buildings 2024-03-31 SC596414 d:Buildings 2023-03-31 SC596414 d:Buildings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 SC596414 d:PlantMachinery 2023-04-01 2024-03-31 SC596414 d:PlantMachinery 2024-03-31 SC596414 d:PlantMachinery 2023-03-31 SC596414 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 SC596414 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 SC596414 d:CurrentFinancialInstruments 2024-03-31 SC596414 d:CurrentFinancialInstruments 2023-03-31 SC596414 d:Non-currentFinancialInstruments 2024-03-31 SC596414 d:Non-currentFinancialInstruments 2023-03-31 SC596414 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 SC596414 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 SC596414 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 SC596414 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 SC596414 d:ShareCapital 2024-03-31 SC596414 d:ShareCapital 2023-03-31 SC596414 d:RetainedEarningsAccumulatedLosses 2024-03-31 SC596414 d:RetainedEarningsAccumulatedLosses 2023-03-31 SC596414 c:OrdinaryShareClass1 2023-04-01 2024-03-31 SC596414 c:OrdinaryShareClass1 2024-03-31 SC596414 c:OrdinaryShareClass1 2023-03-31 SC596414 c:FRS102 2023-04-01 2024-03-31 SC596414 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 SC596414 c:FullAccounts 2023-04-01 2024-03-31 SC596414 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 SC596414 2 2023-04-01 2024-03-31 SC596414 4 2024-03-31 SC596414 4 2023-03-31 SC596414 f:PoundSterling 2023-04-01 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: SC596414










BACKHILL FARMING LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

 
BACKHILL FARMING LIMITED
 

COMPANY INFORMATION


DIRECTORS
Richard Stephen 
Patrick Stephen 




REGISTERED NUMBER
SC596414



REGISTERED OFFICE
Westby
64 West High Street

Forfar

Angus

DD8 1BJ




ACCOUNTANTS
EQ Accountants Limited
Chartered Accountants

Westby

64 West High Street

Forfar

Angus

DD8 1BJ





 
BACKHILL FARMING LIMITED
REGISTERED NUMBER: SC596414

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
£
£

FIXED ASSETS
  

Tangible assets
 4 
867,378
926,402

Investments
 5 
100
100

  
867,478
926,502

CURRENT ASSETS
  

Stocks
  
275,060
202,410

Debtors: amounts falling due within one year
 6 
53,313
44,039

Cash at bank and in hand
  
168,452
-

  
496,825
246,449

Creditors: amounts falling due within one year
 7 
(440,488)
(529,778)

NET CURRENT ASSETS/(LIABILITIES)
  
 
 
56,337
 
 
(283,329)

TOTAL ASSETS LESS CURRENT LIABILITIES
  
923,815
643,173

Creditors: amounts falling due after more than one year
 8 
(260,484)
(343,330)

PROVISIONS FOR LIABILITIES
  

Deferred tax
  
(165,454)
(42,232)

  
 
 
(165,454)
 
 
(42,232)

NET ASSETS
  
497,877
257,611


CAPITAL AND RESERVES
  

Called up share capital 
 9 
100
100

Profit and loss account
  
497,777
257,511

  
497,877
257,611


Page 1

 
BACKHILL FARMING LIMITED
REGISTERED NUMBER: SC596414

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 24 October 2024.





Richard Stephen
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
BACKHILL FARMING LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


GENERAL INFORMATION

Backhill Farming Limited is a private company, limited by shares, incorporated in Scotland with registration number SC596414. The registered office is Westby, 64 West High Street, Forfar, DD8 1BJ.  The principle place of business is Backhill, Auchterless, Turiff.

The Company's functional and presentational currency is GBP.

2.ACCOUNTING POLICIES

 
2.1

BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

TURNOVER

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Sale of goods

Turnover from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

INTEREST INCOME

Interest income is recognised in profit or loss using the effective interest method.

Page 3

 
BACKHILL FARMING LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.ACCOUNTING POLICIES (CONTINUED)

 
2.4

TANGIBLE FIXED ASSETS

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Tenants improvements
-
5%
straight line
Plant and machinery
-
13%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

STOCKS

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.6

CASH AND CASH EQUIVALENTS

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.7

PROVISIONS FOR LIABILITIES

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.


3.


EMPLOYEES

The average monthly number of employees, including directors, during the year was 4 (2023 - 4).

Page 4

 
BACKHILL FARMING LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


TANGIBLE FIXED ASSETS





Tenants improvements
Plant and machinery
Total

£
£
£



COST OR VALUATION


At 1 April 2023
1,159,833
46,064
1,205,897


Additions
-
3,986
3,986



At 31 March 2024

1,159,833
50,050
1,209,883



DEPRECIATION


At 1 April 2023
269,583
9,912
279,495


Charge for the year on owned assets
57,991
5,019
63,010



At 31 March 2024

327,574
14,931
342,505



NET BOOK VALUE



At 31 March 2024
832,259
35,119
867,378



At 31 March 2023
890,250
36,152
926,402


5.


FIXED ASSET INVESTMENTS





Trade investments

£





At 1 April 2023
100






NET BOOK VALUE



At 31 March 2024
100



At 31 March 2023
100

Page 5

 
BACKHILL FARMING LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

6.


DEBTORS

2024
2023
£
£


Trade debtors
35,699
29,056

Other debtors
12,383
14,983

Prepayments and accrued income
5,231
-

53,313
44,039



7.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024
2023
£
£

Bank overdrafts
-
118,135

Bank loans
62,299
41,753

Other loans
269,900
269,900

Trade creditors
77,280
81,571

Other creditors
1,008
-

Accruals and deferred income
30,001
18,419

440,488
529,778



8.


CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024
2023
£
£

Bank loans
260,484
343,330

260,484
343,330



9.


SHARE CAPITAL

2024
2023
£
£
ALLOTTED, CALLED UP AND FULLY PAID



100 (2023 - 100) Ordinary shares of £1.00 each
100
100



Page 6