Longmoor Farm Limited 09344314 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is dairy farming. Digita Accounts Production Advanced 6.30.9574.0 true 09344314 2023-04-01 2024-03-31 09344314 2024-03-31 09344314 core:RetainedEarningsAccumulatedLosses 2024-03-31 09344314 core:ShareCapital 2024-03-31 09344314 core:FinancialAssetsCostLessImpairment core:Non-currentFinancialInstruments 2024-03-31 09344314 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 09344314 core:Non-currentFinancialInstruments core:AfterOneYear 2024-03-31 09344314 bus:SmallEntities 2023-04-01 2024-03-31 09344314 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 09344314 bus:FullAccounts 2023-04-01 2024-03-31 09344314 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 09344314 bus:RegisteredOffice 2023-04-01 2024-03-31 09344314 bus:Director1 2023-04-01 2024-03-31 09344314 bus:Director2 2023-04-01 2024-03-31 09344314 bus:Director3 2023-04-01 2024-03-31 09344314 bus:Director4 2023-04-01 2024-03-31 09344314 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 09344314 core:IntangibleAssetsOtherThanGoodwill 2023-04-01 2024-03-31 09344314 core:LandBuildings 2023-04-01 2024-03-31 09344314 core:MotorVehicles 2023-04-01 2024-03-31 09344314 core:PlantMachinery 2023-04-01 2024-03-31 09344314 countries:AllCountries 2023-04-01 2024-03-31 09344314 2023-03-31 09344314 2022-04-01 2023-03-31 09344314 2023-03-31 09344314 core:RetainedEarningsAccumulatedLosses 2023-03-31 09344314 core:ShareCapital 2023-03-31 09344314 core:FinancialAssetsCostLessImpairment core:Non-currentFinancialInstruments 2023-03-31 09344314 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 09344314 core:Non-currentFinancialInstruments core:AfterOneYear 2023-03-31 iso4217:GBP xbrli:pure

Registration number: 09344314

Longmoor Farm Limited

Annual Report and Unaudited Filleted Abridged Financial Statements

for the Year Ended 31 March 2024

 

Longmoor Farm Limited

Contents

Abridged Balance Sheet

1 to 2

Notes to the Unaudited Abridged Financial Statements

3 to 6

 

Longmoor Farm Limited

(Registration number: 09344314)
Abridged Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

4

-

1

Tangible assets

5

259,872

241,998

Other financial assets

6

292,420

269,595

 

552,292

511,594

Current assets

 

Stocks

136,891

164,094

Debtors

136,838

211,218

Cash at bank and in hand

 

182,258

206,748

 

455,987

582,060

Creditors: Amounts falling due within one year

7

(146,498)

(191,022)

Net current assets

 

309,489

391,038

Total assets less current liabilities

 

861,781

902,632

Creditors: Amounts falling due after more than one year

8

(66,263)

(203,487)

Provisions for liabilities

(52,074)

(50,690)

Net assets

 

743,444

648,455

Capital and reserves

 

Called up share capital

100

100

Profit and loss account

743,344

648,355

Total equity

 

743,444

648,455

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.

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

 

Longmoor Farm Limited

(Registration number: 09344314)
Abridged Balance Sheet as at 31 March 2024

Approved and authorised by the Board on 19 November 2024 and signed on its behalf by:
 

Mr S C Rogers

Director

Mrs G L Rogers

Director

Mr C D Rogers

Director

Mrs H C Rogers

Director

 

Longmoor Farm Limited

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

1

General information

The company is a private company limited by share capital, incorporated in the United Kingdom.

The address of its registered office is:
Calyx House
South Road
Taunton
Somerset
TA1 3DU

These financial statements were authorised for issue by the Board on 19 November 2024.

2

Accounting policies

Statement of compliance

These abridged financial statements were prepared in accordance with Financial Reporting Standard 102 Section 1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

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 sales/value added tax, returns, rebates and discounts.

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.

Tax

The tax expense for the period comprises current and deferred 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 income 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 income tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income 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.


 

Longmoor Farm Limited

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

Tangible assets

Tangible assets are stated in the statement of financial position 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

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:

Asset class

Depreciation method and rate

Land and buildings

10% reducing balance (buildings only)

Plant and machinery

15% reducing balance

Motor vehicles

25% reducing balance

Amortisation

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

Asset class

Amortisation method and rate

Basic Payment Scheme entitlements

8 years straight line

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 inventories 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.

Biological assets

Biological assets, living plants and animals are included at the lower of cost and estimated selling price less costs to sell.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 5 (2023 - 5).

 

Longmoor Farm Limited

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

4

Intangible assets

Total
£

Cost or valuation

At 1 April 2023

44,090

Disposals

(44,090)

At 31 March 2024

-

Amortisation

At 1 April 2023

44,089

Amortisation eliminated on disposals

(44,089)

At 31 March 2024

-

Carrying amount

At 31 March 2024

-

At 31 March 2023

1

5

Tangible assets

Total
£

Cost or valuation

At 1 April 2023

473,253

Additions

98,065

Disposals

(32,395)

At 31 March 2024

538,923

Depreciation

At 1 April 2023

231,256

Charge for the year

60,295

Eliminated on disposal

(12,500)

At 31 March 2024

279,051

Carrying amount

At 31 March 2024

259,872

At 31 March 2023

241,998

6

Other financial assets (current and non-current)

2024
£

2023
£

Non-current financial assets

Biological assets at cost less depreciation

292,420

269,595

7

Creditors: amounts falling due within one year

Creditors include bank loans and overdrafts and net obligations under hire purchase contracts which are secured of £11,477 (2023 - £23,760).

 

Longmoor Farm Limited

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

8

Creditors: amounts falling due after more than one year

Creditors include bank loans and overdrafts and net obligations under hire purchase contracts which are secured of £23,560 (2023 - £35,038).

9

Related party transactions

Advances to directors

Mr C Roger
During the period Mr C Roger went overdrawn on their director's loan account. The maximum overdrawn balance during the year was £46,076. At the year end the amount outstanding from Mr C Roger was £Nil. Interest has been charged at the commercial rate.

Mrs G Roger
During the period Mrs G Roger went overdrawn on their director's loan account. The maximum overdrawn balance during the year was £46,076. At the year end the amount outstanding from Mrs G Roger was £Nil. Interest has been charged at the commercial rate.