Company Registration No. NI676452 (Northern Ireland)
Bethany Fruit Co Ltd
Unaudited accounts
for the year ended 29 February 2024
Bethany Fruit Co Ltd
Unaudited accounts
Contents
Bethany Fruit Co Ltd
Company Information
for the year ended 29 February 2024
Directors
Phillip Coulter
Kirsten Coulter
Company Number
NI676452 (Northern Ireland)
Registered Office
C/O J.M WALLWIN CHARTERED ACCOUNTANTS,
74 BALLANTINE GARDENS,
LISBURN
DOWN
NORTHERN IRELAND
Accountants
JMW
74 Ballantine Gardens
Lisburn
Co. Down
BT27 5FB
Bethany Fruit Co Ltd
Statement of financial position
as at 29 February 2024
Intangible assets
13,274
14,012
Tangible assets
10,064
11,271
Cash at bank and in hand
26,477
22,574
Creditors: amounts falling due within one year
(40,399)
(45,423)
Net current liabilities
(9,777)
(14,170)
Profit and loss account
13,561
11,113
Shareholders' funds
13,561
11,113
For the year ending 29 February 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 21 May 2024 and were signed on its behalf by
Phillip Coulter
Director
Company Registration No. NI676452
Bethany Fruit Co Ltd
Notes to the Accounts
for the year ended 29 February 2024
Bethany Fruit Co Ltd is a private company, limited by shares, registered in Northern Ireland, registration number NI676452. The registered office is C/O J.M WALLWIN CHARTERED ACCOUNTANTS,, 74 BALLANTINE GARDENS,, LISBURN, DOWN, NORTHERN IRELAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% reducing balance
Motor vehicles
20% reducing balance
Fixtures & fittings
10% reducing balance
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Bethany Fruit Co Ltd
Notes to the Accounts
for the year ended 29 February 2024
4
Intangible fixed assets
Goodwill
At 29 February 2024
14,750
At 29 February 2024
13,274
At 28 February 2023
14,012
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 March 2023
4,979
4,417
4,333
13,729
At 29 February 2024
4,979
4,417
5,333
14,729
At 1 March 2023
1,245
883
330
2,458
Charge for the year
747
1,060
400
2,207
At 29 February 2024
1,992
1,943
730
4,665
At 29 February 2024
2,987
2,474
4,603
10,064
At 28 February 2023
3,734
3,534
4,003
11,271
Amounts falling due within one year
Bethany Fruit Co Ltd
Notes to the Accounts
for the year ended 29 February 2024
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
3,520
5,444
Trade creditors
1,727
7,685
Taxes and social security
1,499
695
Loans from directors
20,409
31,599
Included in other creditors is grant money being held on behalf of a redevelopment fund.
8
Average number of employees
During the year the average number of employees was 6 (2023: 5).