2023-03-012024-02-292024-02-29false11189092LUCY'S FARM SHOP 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LUCY'S FARM SHOP LTD

Registered Number
11189092
(England and Wales)

Unaudited Financial Statements for the Year ended
29 February 2024

LUCY'S FARM SHOP LTD
Company Information
for the year from 1 March 2023 to 29 February 2024

Director

TIDBURY, Lucy

Registered Address

Unit 5 Commercial Road
Swanage
BH19 1DF

Registered Number

11189092 (England and Wales)
LUCY'S FARM SHOP LTD
Balance Sheet as at
29 February 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets329,99334,281
29,99334,281
Current assets
Stocks34,70230,317
Debtors7,0227,160
Cash at bank and on hand25,83720,397
67,56157,874
Creditors amounts falling due within one year4(14,398)(6,375)
Net current assets (liabilities)53,16351,499
Total assets less current liabilities83,15685,780
Creditors amounts falling due after one year(21,529)(25,190)
Net assets61,62760,590
Capital and reserves
Called up share capital11
Profit and loss account61,62660,589
Shareholders' funds61,62760,590
The financial statements were approved and authorised for issue by the Director on 3 November 2024, and are signed on its behalf by:
TIDBURY, Lucy
Director
Registered Company No. 11189092
LUCY'S FARM SHOP LTD
Notes to the Financial Statements
for the year ended 29 February 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Plant and machinery10
Vehicles15
Stocks and work in progress
Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
2.Average number of employees

20242023
Average number of employees during the year32
3.Tangible fixed assets

Total

£
Cost or valuation
At 01 March 2342,820
At 29 February 2442,820
Depreciation and impairment
At 01 March 238,539
Charge for year4,288
At 29 February 2412,827
Net book value
At 29 February 2429,993
At 28 February 2334,281
4.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables9,9712,604
Bank borrowings and overdrafts-66
Amounts owed to related parties3971,378
Taxation and social security4,0302,327
Total14,3986,375
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.