IRIS Accounts Production v24.3.0.553 08632258 Board of Directors 1.4.23 31.3.24 31.3.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh086322582023-03-31086322582024-03-31086322582023-04-012024-03-31086322582022-03-31086322582022-04-012023-03-31086322582023-03-3108632258ns15:EnglandWales2023-04-012024-03-3108632258ns14:PoundSterling2023-04-012024-03-3108632258ns10:Director12023-04-012024-03-3108632258ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3108632258ns10:SmallEntities2023-04-012024-03-3108632258ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3108632258ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3108632258ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3108632258ns10:FullAccounts2023-04-012024-03-3108632258ns10:Director22023-04-012024-03-3108632258ns10:RegisteredOffice2023-04-012024-03-3108632258ns5:CurrentFinancialInstruments2024-03-3108632258ns5:CurrentFinancialInstruments2023-03-3108632258ns5:ShareCapital2024-03-3108632258ns5:ShareCapital2023-03-3108632258ns5:RetainedEarningsAccumulatedLosses2024-03-3108632258ns5:RetainedEarningsAccumulatedLosses2023-03-3108632258ns5:LeaseholdImprovements2023-04-012024-03-3108632258ns5:PlantMachinery2023-04-012024-03-3108632258ns5:LeaseholdImprovements2023-03-3108632258ns5:PlantMachinery2023-03-3108632258ns5:LeaseholdImprovements2024-03-3108632258ns5:PlantMachinery2024-03-3108632258ns5:LeaseholdImprovements2023-03-3108632258ns5:PlantMachinery2023-03-3108632258ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-3108632258ns5:WithinOneYearns5:CurrentFinancialInstruments2023-03-31
REGISTERED NUMBER: 08632258 (England and Wales)



















Financial Statements

for the Year Ended 31 March 2024

for

Lane End Farming Limited

Lane End Farming Limited (Registered number: 08632258)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Lane End Farming Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: A Bryer
J T Burton





REGISTERED OFFICE: Lane End Farm
Mugginton Lane End
Weston Underwood
Ashbourne
Derbyshire
DE6 4PP





REGISTERED NUMBER: 08632258 (England and Wales)





ACCOUNTANTS: Bates Weston LLP
Chartered Accountants
The Mills
Canal Street
Derby
DE1 2RJ

Lane End Farming Limited (Registered number: 08632258)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 89,507 74,345

CURRENT ASSETS
Stocks 99,459 145,472
Debtors 5 17,927 18,153
Cash at bank 114,702 95,026
232,088 258,651
CREDITORS
Amounts falling due within one year 6 28,227 55,728
NET CURRENT ASSETS 203,861 202,923
TOTAL ASSETS LESS CURRENT
LIABILITIES

293,368

277,268

PROVISIONS FOR LIABILITIES 22,377 13,809
NET ASSETS 270,991 263,459

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 270,891 263,359
SHAREHOLDERS' FUNDS 270,991 263,459

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 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.

Lane End Farming Limited (Registered number: 08632258)

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 November 2024 and were signed on its behalf by:





J T Burton - Director


Lane End Farming Limited (Registered number: 08632258)

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

1. STATUTORY INFORMATION

Lane End Farming 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 represents the net sales of goods, excluding value added tax. Turnover is recognised when the company has transferred the significant risks and rewards of ownership to the buyer and it is probable that the agreed upon payment will be received.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Leasehold improvements - 5% on cost
Plant and machinery - 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.

Cost is purchase invoice price on a first in first out basis.

Deferred tax
Deferred tax is recognised in respect of all material timing differences.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Leasehold Plant and
improvements machinery Totals
£    £    £   
COST
At 1 April 2023 16,652 89,270 105,922
Additions - 24,275 24,275
At 31 March 2024 16,652 113,545 130,197
DEPRECIATION
At 1 April 2023 833 30,744 31,577
Charge for year 833 8,280 9,113
At 31 March 2024 1,666 39,024 40,690
NET BOOK VALUE
At 31 March 2024 14,986 74,521 89,507
At 31 March 2023 15,819 58,526 74,345

Lane End Farming Limited (Registered number: 08632258)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 5,231 4,200
Other debtors 7,185 8,159
Directors' current accounts - 290
Prepayments 5,511 5,504
17,927 18,153

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 21,895 41,157
Tax 4,912 13,221
Accrued expenses 1,420 1,350
28,227 55,728

7. LEASING AGREEMENTS
The minimum lease payments on non-cancellable operating leases committed to be paid are £3,900 (2023 - £3,900).