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REGISTERED NUMBER: 10428579 (England and Wales)
















HAYWARDS FARMSHOP LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024






HAYWARDS FARMSHOP LTD (REGISTERED NUMBER: 10428579)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HAYWARDS FARMSHOP LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTORS: Mrs M Cable
Mr S D Hayward
Mr C Beatty





REGISTERED OFFICE: 2 Lakeview Stables
Lower St. Clere
Kemsing
Sevenoaks
Kent
TN15 6NL





REGISTERED NUMBER: 10428579 (England and Wales)





ACCOUNTANTS: Lakeview Southern Limited
Chartered Accountants
2 Lakeview Stables
Lower St. Clere
Kemsing
Sevenoaks
Kent
TN15 6NL

HAYWARDS FARMSHOP LTD (REGISTERED NUMBER: 10428579)

BALANCE SHEET
31 JULY 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 71,411 85,168

CURRENT ASSETS
Stocks 47,117 44,704
Debtors 5 130,382 202,068
Cash at bank and in hand 23,997 46,368
201,496 293,140
CREDITORS
Amounts falling due within one year 6 107,578 192,613
NET CURRENT ASSETS 93,918 100,527
TOTAL ASSETS LESS CURRENT
LIABILITIES

165,329

185,695

CREDITORS
Amounts falling due after more than one year 7 (2,332 ) (6,871 )

PROVISIONS FOR LIABILITIES (17,660 ) (13,526 )
NET ASSETS 145,337 165,298

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 145,237 165,198
SHAREHOLDERS' FUNDS 145,337 165,298

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

HAYWARDS FARMSHOP LTD (REGISTERED NUMBER: 10428579)

BALANCE SHEET - continued
31 JULY 2024


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 October 2024 and were signed on its behalf by:





Mr S D Hayward - Director


HAYWARDS FARMSHOP LTD (REGISTERED NUMBER: 10428579)

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


1. STATUTORY INFORMATION

Haywards Farmshop Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

HAYWARDS FARMSHOP LTD (REGISTERED NUMBER: 10428579)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2023 - 14 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2023 177,368
Additions 2,808
At 31 July 2024 180,176
DEPRECIATION
At 1 August 2023 92,200
Charge for year 16,565
At 31 July 2024 108,765
NET BOOK VALUE
At 31 July 2024 71,411
At 31 July 2023 85,168

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors - 225
Other debtors 130,382 201,843
130,382 202,068

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans and overdrafts 3,654 2,297
Trade creditors 56,761 90,341
Taxation and social security 11,273 11,423
Other creditors 35,890 88,552
107,578 192,613

HAYWARDS FARMSHOP LTD (REGISTERED NUMBER: 10428579)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.24 31.7.23
£    £   
Bank loans 2,332 6,871

8. RELATED PARTY DISCLOSURES

At the year end the directors were owed £33,018 (2023: £68,518).

£30,635 (2023: £42,305) was owed by Haywards Butchers Ltd a company in which the directors have a common interest.

£92,571 (2023: £147,658) was also owed by Haywards Catering Services Ltd a company in which the directors have a common interest.