Silverfin false false 31/03/2024 01/04/2023 31/03/2024 Mrs H L Bodman 03/03/2005 Mr J R Bodman 03/03/2005 Mrs H L Bodman 11 November 2024 The principal activity of the company is farming activities in the raising of swine/pigs. 05376760 2024-03-31 05376760 bus:Director1 2024-03-31 05376760 bus:Director2 2024-03-31 05376760 2023-03-31 05376760 core:CurrentFinancialInstruments 2024-03-31 05376760 core:CurrentFinancialInstruments 2023-03-31 05376760 core:Non-currentFinancialInstruments 2024-03-31 05376760 core:Non-currentFinancialInstruments 2023-03-31 05376760 core:ShareCapital 2024-03-31 05376760 core:ShareCapital 2023-03-31 05376760 core:RetainedEarningsAccumulatedLosses 2024-03-31 05376760 core:RetainedEarningsAccumulatedLosses 2023-03-31 05376760 core:Goodwill 2023-03-31 05376760 core:Non-standardIntangibleAssetClass3ComponentIntangibleAssetsOtherThanGoodwill 2023-03-31 05376760 core:Goodwill 2024-03-31 05376760 core:Non-standardIntangibleAssetClass3ComponentIntangibleAssetsOtherThanGoodwill 2024-03-31 05376760 core:LandBuildings 2023-03-31 05376760 core:PlantMachinery 2023-03-31 05376760 core:FurnitureFittings 2023-03-31 05376760 core:OtherPropertyPlantEquipment 2023-03-31 05376760 core:LandBuildings 2024-03-31 05376760 core:PlantMachinery 2024-03-31 05376760 core:FurnitureFittings 2024-03-31 05376760 core:OtherPropertyPlantEquipment 2024-03-31 05376760 2023-04-01 2024-03-31 05376760 bus:FilletedAccounts 2023-04-01 2024-03-31 05376760 bus:SmallEntities 2023-04-01 2024-03-31 05376760 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 05376760 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 05376760 bus:Director1 2023-04-01 2024-03-31 05376760 bus:Director2 2023-04-01 2024-03-31 05376760 bus:CompanySecretary1 2023-04-01 2024-03-31 05376760 core:Goodwill core:TopRangeValue 2023-04-01 2024-03-31 05376760 core:Non-standardIntangibleAssetClass3ComponentIntangibleAssetsOtherThanGoodwill core:TopRangeValue 2023-04-01 2024-03-31 05376760 core:PlantMachinery 2023-04-01 2024-03-31 05376760 core:FurnitureFittings 2023-04-01 2024-03-31 05376760 core:OtherPropertyPlantEquipment core:TopRangeValue 2023-04-01 2024-03-31 05376760 2022-04-01 2023-03-31 05376760 core:Goodwill 2023-04-01 2024-03-31 05376760 core:Non-standardIntangibleAssetClass3ComponentIntangibleAssetsOtherThanGoodwill 2023-04-01 2024-03-31 05376760 core:LandBuildings 2023-04-01 2024-03-31 05376760 core:OtherPropertyPlantEquipment 2023-04-01 2024-03-31 05376760 core:Non-currentFinancialInstruments 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Company No: 05376760 (England and Wales)

J R BODMAN LIMITED

Unaudited Financial Statements
For the financial year ended 31 March 2024
Pages for filing with the registrar

J R BODMAN LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2024

Contents

J R BODMAN LIMITED

BALANCE SHEET

As at 31 March 2024
J R BODMAN LIMITED

BALANCE SHEET (continued)

As at 31 March 2024
Note 2024 2023
£ £
Fixed assets
Intangible assets 3 5,000 10,000
Tangible assets 4 5,568,123 4,415,818
Investments 90 90
5,573,213 4,425,908
Current assets
Stocks 5 956,213 909,305
Debtors 6 178,053 141,930
1,134,266 1,051,235
Creditors: amounts falling due within one year 7 ( 1,340,327) ( 1,301,817)
Net current liabilities (206,061) (250,582)
Total assets less current liabilities 5,367,152 4,175,326
Creditors: amounts falling due after more than one year 8 ( 2,367,672) ( 1,855,458)
Provision for liabilities ( 561,936) ( 480,204)
Net assets 2,437,544 1,839,664
Capital and reserves
Called-up share capital 100 100
Profit and loss account 2,437,444 1,839,564
Total shareholders' funds 2,437,544 1,839,664

For the financial year ending 31 March 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of J R Bodman Limited (registered number: 05376760) were approved and authorised for issue by the Board of Directors on 11 November 2024. They were signed on its behalf by:

Mr J R Bodman
Director
Mrs H L Bodman
Director
J R BODMAN LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
J R BODMAN LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

J R Bodman Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Hitchcock House Hilltop Park, Devizes Road, Salisbury, SP3 4UF, United Kingdom.

The principal place of business is: Windesmere Farm, Cheverall Road, Worton, Devizes, Wiltshire, SN10 5UN

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts and after eliminating sales within the company.

The company recognises revenue when: The amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities.

Taxation

Current tax
Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax
Deferred tax is recognised on all timing differences at the balance sheet date unless indicated below. Timing differences are differences between taxable profits and the results as stated in the profit and loss account and other comprehensive income. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Intangible assets

Acquired goodwill is written off in equal annual installments over its estimated useful economic life.

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date if the fair value can be measured reliably.

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Goodwill 20 years straight line
Entitlements 5 years straight line
Tangible fixed assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Land and buildings not depreciated
Plant and machinery 5 - 10 % reducing balance
Fixtures and fittings 5 % reducing balance
Other property, plant and equipment 20 years straight line
Leases

The Company as lessee
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the Balance Sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the Profit and Loss Account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Financial instruments

The company holds the following financial instruments:

• Short term trade and other debtors and creditors;
• Bank loans; and
• Cash and bank balances.

All financial instruments are classified as basic. The company has chosen to apply the recognition and measurement principles in FRS102.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.

Except for bank loans, such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.

Bank loans are initially measured at transaction price, including transaction costs, and are subsequently carried at amortised cost using the effective interest method.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 11 15

3. Intangible assets

Goodwill Entitlements Total
£ £ £
Cost
At 01 April 2023 100,000 4,927 104,927
At 31 March 2024 100,000 4,927 104,927
Accumulated amortisation
At 01 April 2023 90,000 4,927 94,927
Charge for the financial year 5,000 0 5,000
At 31 March 2024 95,000 4,927 99,927
Net book value
At 31 March 2024 5,000 0 5,000
At 31 March 2023 10,000 0 10,000

4. Tangible assets

Land and buildings Plant and machinery Fixtures and fittings Other property, plant
and equipment
Total
£ £ £ £ £
Cost
At 01 April 2023 1,851,168 2,857,760 1,232,208 118,847 6,059,983
Additions 754,277 525,675 55,608 0 1,335,560
At 31 March 2024 2,605,445 3,383,435 1,287,816 118,847 7,395,543
Accumulated depreciation
At 01 April 2023 0 1,188,041 408,576 47,548 1,644,165
Charge for the financial year 0 134,754 42,557 5,944 183,255
At 31 March 2024 0 1,322,795 451,133 53,492 1,827,420
Net book value
At 31 March 2024 2,605,445 2,060,640 836,683 65,355 5,568,123
At 31 March 2023 1,851,168 1,669,719 823,632 71,299 4,415,818

5. Stocks

2024 2023
£ £
Stocks 956,213 909,305

6. Debtors

2024 2023
£ £
Trade debtors 142,775 113,766
Prepayments 221 4,304
VAT recoverable 35,057 23,860
178,053 141,930

7. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans and overdrafts 556,841 548,739
Trade creditors 426,455 430,584
Amounts owed to directors 150,732 141,206
Accruals 5,330 8,347
Taxation and social security 129,548 91,485
Obligations under finance leases and hire purchase contracts 61,365 70,007
Other creditors 10,056 11,449
1,340,327 1,301,817

8. Creditors: amounts falling due after more than one year

2024 2023
£ £
Bank loans 2,270,612 1,719,568
Obligations under finance leases and hire purchase contracts 97,060 135,890
2,367,672 1,855,458

There are no amounts included above in respect of which any security has been given by the small entity.