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Registration number: 07737109

Hush Farms Ltd

Unaudited Filleted Financial Statements

for the Year Ended 30 March 2024

 

Hush Farms Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

Hush Farms Ltd

Company Information

Directors

Mrs P M Bond

Mr J M Bond

Registered office

Pantycyfyng Uchaf
Bwlch Llan
Lampeter
SA48 8QQ

Accountants

ADC Accountants (SW)
Chartered Certified Accountant
22 Churchill Way
Plymouth
Devon
PL3 4PR

 

Hush Farms Ltd

(Registration number: 07737109)
Balance Sheet as at 30 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

27,832

33,679

Current assets

 

Debtors

5

8,566

25,125

Cash at bank and in hand

 

75,705

64,462

 

84,271

89,587

Creditors: Amounts falling due within one year

6

(51,190)

(34,795)

Net current assets

 

33,081

54,792

Total assets less current liabilities

 

60,913

88,471

Creditors: Amounts falling due after more than one year

6

(19,370)

(27,930)

Provisions for liabilities

(540)

(2,073)

Net assets

 

41,003

58,468

Capital and reserves

 

Called up share capital

7

100

100

Retained earnings

40,903

58,368

Shareholders' funds

 

41,003

58,468

For the financial year ending 30 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 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. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

 

Hush Farms Ltd

(Registration number: 07737109)
Balance Sheet as at 30 March 2024

Approved and authorised by the Board on 16 August 2024 and signed on its behalf by:
 

.........................................
Mrs P M Bond
Director

.........................................
Mr J M Bond
Director

 

Hush Farms Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Pantycyfyng Uchaf
Bwlch Llan
Lampeter
SA48 8QQ
Wales

These financial statements were authorised for issue by the Board on 16 August 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These 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.

Going concern

The financial statements have been prepared on a going concern basis.

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.

 

Hush Farms Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 March 2024

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

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

Plant and machinery

25% reducing balance

Motor vehicles

25% reducing balance

Shelter for training equipment

3% reducing balance

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

4

Tangible assets

Land and buildings
£

Motor vehicles
 £

Other tangible assets
£

Total
£

Cost or valuation

At 31 March 2023

8,152

20,395

39,009

67,556

Additions

-

-

1,181

1,181

At 30 March 2024

8,152

20,395

40,190

68,737

Depreciation

At 31 March 2023

482

5,099

28,296

33,877

Charge for the year

230

3,824

2,974

7,028

At 30 March 2024

712

8,923

31,270

40,905

Carrying amount

At 30 March 2024

7,440

11,472

8,920

27,832

At 30 March 2023

7,670

15,296

10,713

33,679

Included within the net book value of land and buildings above is £7,440 (2023 - £7,670) in respect of short leasehold land and buildings.
 

 

Hush Farms Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 March 2024

5

Debtors

Current

2024
£

2023
£

Trade debtors

8,566

25,125

 

8,566

25,125

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

trade creditors

4,771

1,812

Taxation and social security

30,042

29,297

Accruals and deferred income

995

1,065

Other creditors

15,382

2,621

51,190

34,795

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

19,370

27,930

7

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

ordinary shares of £1 each

100

100

100

100

         

8

Dividends

Interim dividends paid

   

2024
£

 

2023
£

Interim dividend of £630.00 (2023 - £200.00) per each ordinary shares

 

63,000

 

20,000

         
 

Hush Farms Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 March 2024

9

Related party transactions

 

Hush Farms Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 March 2024

Directors' remuneration

The directors' remuneration for the year was as follows:

2024
£

2023
£

Remuneration

25,152

18,984