2023-03-01 2024-02-28 false Capium Accounts Production 1.1 01977964 bus:AbridgedAccounts 2023-03-01 2024-02-28 01977964 bus:FRS102 2023-03-01 2024-02-28 01977964 bus:AuditExemptWithAccountantsReport 2023-03-01 2024-02-28 01977964 bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-28 01977964 bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-28 01977964 2023-03-01 2024-02-28 01977964 2024-02-28 01977964 bus:RegisteredOffice 2023-03-01 2024-02-28 01977964 core:WithinOneYear 2024-02-28 01977964 core:AfterOneYear 2024-02-28 01977964 bus:Director1 2023-03-01 2024-02-28 01977964 bus:Director1 2024-02-28 01977964 bus:Director1 2022-03-01 2023-02-28 01977964 2022-03-01 01977964 bus:LeadAgentIfApplicable 2023-03-01 2024-02-28 01977964 2022-03-01 2023-02-28 01977964 2023-02-28 01977964 core:WithinOneYear 2023-02-28 01977964 core:AfterOneYear 2023-02-28 01977964 bus:EntityAccountantsOrAuditors 2022-03-01 2023-02-28 01977964 core:LandBuildings 2023-03-01 2024-02-28 01977964 core:LandBuildings 2024-02-28 01977964 core:LandBuildings 2023-02-28 01977964 core:PlantMachinery 2023-03-01 2024-02-28 01977964 core:PlantMachinery 2024-02-28 01977964 core:PlantMachinery 2023-02-28 01977964 core:MotorCars 2023-03-01 2024-02-28 01977964 core:MotorCars 2024-02-28 01977964 core:MotorCars 2023-02-28 01977964 core:FurnitureFittings 2023-03-01 2024-02-28 01977964 core:FurnitureFittings 2024-02-28 01977964 core:FurnitureFittings 2023-02-28 01977964 core:ComputerEquipment 2023-03-01 2024-02-28 01977964 core:ComputerEquipment 2024-02-28 01977964 core:ComputerEquipment 2023-02-28 01977964 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2024-02-28 01977964 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2023-02-28 01977964 core:CostValuation core:Non-currentFinancialInstruments 2024-02-28 01977964 core:CostValuation core:Non-currentFinancialInstruments 2023-02-28 01977964 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2024-02-28 01977964 core:DisposalsDecreaseInInvestments core:Non-currentFinancialInstruments 2024-02-28 01977964 core:RevaluationsIncreaseDecreaseInInvestments core:Non-currentFinancialInstruments 2024-02-28 01977964 core:Non-currentFinancialInstruments 2024-02-28 01977964 core:Non-currentFinancialInstruments 2023-02-28 01977964 core:ShareCapital 2024-02-28 01977964 core:ShareCapital 2023-02-28 01977964 core:RetainedEarningsAccumulatedLosses 2024-02-28 01977964 core:RetainedEarningsAccumulatedLosses 2023-02-28 01977964 dpl:Item1 2023-03-01 01977964 dpl:Item1 2024-02-28 01977964 dpl:Item1 2022-03-01 01977964 dpl:Item1 2023-02-28 iso4217:GBP xbrli:shares xbrli:pure
Registered Number: 01977964
England

 

 

 

PRESCOTT FARM PRODUCE LIMITED


Abridged Accounts
 


Period of accounts

Start date: 01 March 2023

End date: 28 February 2024
Accountant’s report
You consider that the company is exempt from an audit for the year ended 28 February 2024 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
PJT Accountancy
28 February 2024



....................................................

PJT Accountancy

97 Lytham Road
Southport
PR9 9UG
29 November 2024
1
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 865,418    868,710 
865,418    868,710 
Current assets      
Debtors 74,104    69,145 
Cash at bank and in hand 510,738    583,282 
584,842    652,427 
Creditors: amount falling due within one year 15,890    24,440 
Net current assets 600,732    676,867 
 
Total assets less current liabilities 1,466,150    1,545,577 
Creditors: amount falling due after more than one year (11,406)   (38,113)
Net assets 1,454,744    1,507,464 
 

Capital and reserves
     
Called up share capital 203    203 
Profit and loss account 1,454,541    1,507,261 
Shareholders' funds 1,454,744    1,507,464 
 


For the year ended 28 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the director on 29 November 2024 and were signed by:


-------------------------------
Ron Prescott Prescott
Director
2
General Information
PRESCOTT FARM PRODUCE LIMITED is a private company, limited by shares, registered in England, registration number 01977964, registration address GORES FARM CLIEVES HILLS LANE, AUGHTON , ORMSKIRK, LANCASHIRE, L39 7HP.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 10% Straight Line
Fixtures and Fittings 20% Straight Line
Computer Equipment 25% Straight Line
2.

Average number of employees

Average number of employees during the year was 1 (2023 : 1).
3.

Tangible fixed assets

Cost or valuation Land and Buildings   Plant and Machinery   Motor Vehicles   Fixtures and Fittings   Computer Equipment   Total
  £   £   £   £   £   £
At 01 March 2023 856,562    46,882    30,000    1,400    20,052    954,896 
Additions   1,321          1,321 
Disposals          
At 28 February 2024 856,562    48,203    30,000    1,400    20,052    956,217 
Depreciation
At 01 March 2023   34,734    30,000    1,400    20,052    86,186 
Charge for year   4,613          4,613 
On disposals          
At 28 February 2024   39,347    30,000    1,400    20,052    90,799 
Net book values
Closing balance as at 28 February 2024 856,562    8,856          865,418 
Opening balance as at 01 March 2023 856,562    12,148          868,710 


3