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REGISTERED NUMBER: 01252979 (England and Wales)





UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2024

FOR

BOYTON FARMS COMPANY (WILTS) LIMITED

BOYTON FARMS COMPANY (WILTS) LIMITED (REGISTERED NUMBER: 01252979)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BOYTON FARMS COMPANY (WILTS) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2024







DIRECTORS: C R Wheatley-Hubbard
Mrs C Wheatley-Hubbard





SECRETARY: C R Wheatley-Hubbard





REGISTERED OFFICE: Broadleaze
Boyton
Nr Warminster.
Wiltshire
BA12 0SS





REGISTERED NUMBER: 01252979 (England and Wales)





ACCOUNTANTS: Martin and Company
25 St Thomas Street
Winchester
Hampshire
SO23 9HJ

BOYTON FARMS COMPANY (WILTS) LIMITED (REGISTERED NUMBER: 01252979)

BALANCE SHEET
31ST MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,624,523 1,448,851
Investments 5 63,926 106,190
1,688,449 1,555,041

CURRENT ASSETS
Stocks 196,177 252,611
Debtors 6 127,134 200,359
Cash at bank and in hand 615,226 809,114
938,537 1,262,084
CREDITORS
Amounts falling due within one year 7 561,148 695,788
NET CURRENT ASSETS 377,389 566,296
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,065,838

2,121,337

PROVISIONS FOR LIABILITIES 60,993 37,528
NET ASSETS 2,004,845 2,083,809

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Revaluation reserve 8 140,756 99,992
Retained earnings 1,863,089 1,982,817
2,004,845 2,083,809

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 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.

BOYTON FARMS COMPANY (WILTS) LIMITED (REGISTERED NUMBER: 01252979)

BALANCE SHEET - continued
31ST MARCH 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 28th October 2024 and were signed on its behalf by:





C R Wheatley-Hubbard - Director


BOYTON FARMS COMPANY (WILTS) LIMITED (REGISTERED NUMBER: 01252979)

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


1. STATUTORY INFORMATION

Boyton Farms Company (Wilts) Limited 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 as modified by the revaluation of certain assets.

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.
Improvements to property - 10% on reducing balance and 5% on cost
Plant and machinery - 15% on reducing balance
Tractors and combines - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33.33% on cost

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 5 ) .

BOYTON FARMS COMPANY (WILTS) LIMITED (REGISTERED NUMBER: 01252979)

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


4. TANGIBLE FIXED ASSETS
Improvements Tractors
to Plant and and
property machinery combines
£    £    £   
COST
At 1st April 2023 2,088,816 1,850,883 116,750
Additions 323,143 4,786 -
At 31st March 2024 2,411,959 1,855,669 116,750
DEPRECIATION
At 1st April 2023 1,699,975 809,965 108,868
Charge for year 70,718 85,594 1,971
At 31st March 2024 1,770,693 895,559 110,839
NET BOOK VALUE
At 31st March 2024 641,266 960,110 5,911
At 31st March 2023 388,841 1,040,918 7,882

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1st April 2023 64,673 2,429 4,123,551
Additions 9,250 - 337,179
At 31st March 2024 73,923 2,429 4,460,730
DEPRECIATION
At 1st April 2023 54,669 1,223 2,674,700
Charge for year 3,043 181 161,507
At 31st March 2024 57,712 1,404 2,836,207
NET BOOK VALUE
At 31st March 2024 16,211 1,025 1,624,523
At 31st March 2023 10,004 1,206 1,448,851

BOYTON FARMS COMPANY (WILTS) LIMITED (REGISTERED NUMBER: 01252979)

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


5. FIXED ASSET INVESTMENTS
Listed Unlisted
investments investments Totals
£    £    £   
COST OR VALUATION
At 1st April 2023 103,493 2,697 106,190
Disposals - (1,500 ) (1,500 )
Revaluations (40,764 ) - (40,764 )
At 31st March 2024 62,729 1,197 63,926
NET BOOK VALUE
At 31st March 2024 62,729 1,197 63,926
At 31st March 2023 103,493 2,697 106,190

Cost or valuation at 31st March 2024 is represented by:

Listed Unlisted
investments investments Totals
£    £    £   
Valuation in 2020 33,201 - 33,201
Valuation in 2021 64,747 - 64,747
Valuation in 2022 (73,460 ) - (73,460 )
Valuation in 2023 (216 ) - (216 )
Valuation in 0 (40,764 ) - (40,764 )
Cost 79,221 1,197 80,418
62,729 1,197 63,926

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 55,611 123,614
Other debtors 71,523 76,745
127,134 200,359

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 408,259 418,000
Trade creditors 96,178 190,553
Taxation and social security 4,138 10,338
Other creditors 52,573 76,897
561,148 695,788

BOYTON FARMS COMPANY (WILTS) LIMITED (REGISTERED NUMBER: 01252979)

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


8. RESERVES
Revaluation
reserve
£   
At 1st April 2023 99,992
Gain/loss on revaluation 40,764

At 31st March 2024 140,756