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REGISTERED NUMBER: 01271338 (England and Wales)










Financial Statements

for the Year Ended 31 March 2024

for

Brindley Farms Limited

Brindley Farms Limited (Registered number: 01271338)

Contents of the Financial Statements
for the Year Ended 31 March 2024










Page

Company Information 1

Chartered Certified Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


Brindley Farms Limited

Company Information
for the Year Ended 31 March 2024







Director: Mr. J Brindley





Registered office: Brindley Farms
County Lane Kingswood
Albrighton
Wolverhampton
WV7 3AH





Registered number: 01271338 (England and Wales)





Accountants: Hughes & Co.
The Stables
Broseley Hall
Church Street
Broseley
Shropshire
TF12 5DG

Chartered Certified Accountants' Report to the Director
on the Unaudited Financial Statements of
Brindley Farms Limited


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Brindley Farms Limited for the year ended 31 March 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of Brindley Farms Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Brindley Farms Limited and state those matters that we have agreed to state to the director of Brindley Farms Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Brindley Farms Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Brindley Farms Limited. You consider that Brindley Farms Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Brindley Farms Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Hughes & Co.
The Stables
Broseley Hall
Church Street
Broseley
Shropshire
TF12 5DG


14 November 2024

Brindley Farms Limited (Registered number: 01271338)

Balance Sheet
31 March 2024

2024 2023
Notes £ £ £ £
Fixed assets
Tangible assets 4 655,682 675,620

Current assets
Stocks 44,280 48,805
Debtors 5 1,536 4,834
Cash at bank 28,748 29,867
74,564 83,506
Creditors
Amounts falling due within one year 6 44,837 46,209
Net current assets 29,727 37,297
Total assets less current liabilities 685,409 712,917

Creditors
Amounts falling due after more than one
year

7

296,587

322,481
Net assets 388,822 390,436

Capital and reserves
Called up share capital 8 100 100
Retained earnings 9 388,722 390,336
Shareholders' funds 388,822 390,436

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

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

The director acknowledges his 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.

Brindley Farms Limited (Registered number: 01271338)

Balance Sheet - continued
31 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 director and authorised for issue on 14 November 2024 and were signed by:





Mr. J Brindley - Director


Brindley Farms Limited (Registered number: 01271338)

Notes to the Financial Statements
for the Year Ended 31 March 2024


1. STATUTORY INFORMATION

Brindley Farms 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.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Freehold property - 2% on cost
Plant and machinery - 25% on reducing balance and 10% on reducing balance

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.

Brindley Farms Limited (Registered number: 01271338)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Freehold Plant and
property machinery Totals
£ £ £
Cost
At 1 April 2023 732,837 348,174 1,081,011
Disposals - (28,000 ) (28,000 )
At 31 March 2024 732,837 320,174 1,053,011
Depreciation
At 1 April 2023 124,692 280,699 405,391
Charge for year 4,468 9,182 13,650
Eliminated on disposal - (21,712 ) (21,712 )
At 31 March 2024 129,160 268,169 397,329
Net book value
At 31 March 2024 603,677 52,005 655,682
At 31 March 2023 608,145 67,475 675,620

Brindley Farms Limited (Registered number: 01271338)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£
Cost
At 1 April 2023 40,000
Transfer to ownership (5,000 )
At 31 March 2024 35,000
Depreciation
At 1 April 2023 11,100
Charge for year 3,804
Transfer to ownership (1,388 )
At 31 March 2024 13,516
Net book value
At 31 March 2024 21,484
At 31 March 2023 28,900

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
VAT 1,281 4,579
Prepayments and accrued income 255 255
1,536 4,834

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Bank loans and overdrafts 11,500 11,500
Hire purchase contracts 3,996 4,904
Trade creditors 7,792 10,784
Directors' current accounts 20,355 17,847
Accruals and deferred income 1,194 1,174
44,837 46,209

Brindley Farms Limited (Registered number: 01271338)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£ £
Bank loans - 1-2 years 11,500 11,500
Bank loans - 2-5 years 22,651 22,651
Bank loans more 5 yr by instal 91,939 104,527
Other loans more 5yrs non-inst 167,500 177,500
Hire purchase contracts 2,997 6,303
296,587 322,481

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Other loans more 5yrs non-inst 167,500 177,500

Repayable by instalments
Bank loans more 5 yr by instal 91,939 104,527

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
100 Ordinary shares 1 100 100

9. RESERVES
Retained
earnings
£

At 1 April 2023 390,336
Deficit for the year (1,614 )
At 31 March 2024 388,722

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is the directors.