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REGISTERED NUMBER: 04644990 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Blaeneifed Farms Limited

Blaeneifed Farms Limited (Registered number: 04644990)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Blaeneifed Farms Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: D W Jones
J G Jones
W W Jones





SECRETARY: Mrs B G Jones





REGISTERED OFFICE: The Old School,
The Quay
Carmarthen
Carmarthenshire
SA31 3JP





REGISTERED NUMBER: 04644990 (England and Wales)

Blaeneifed Farms Limited (Registered number: 04644990)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 636,182 589,873
Investments 5 2,626 2,626
638,808 592,499

CURRENT ASSETS
Stocks 160,960 151,529
Debtors 6 58,560 54,832
Cash at bank 110,864 118,510
330,384 324,871
CREDITORS
Amounts falling due within one year 7 95,147 103,409
NET CURRENT ASSETS 235,237 221,462
TOTAL ASSETS LESS CURRENT
LIABILITIES

874,045

813,961

CREDITORS
Amounts falling due after more than one
year

8

(109,020

)

(129,880

)

PROVISIONS FOR LIABILITIES (83,110 ) (77,472 )
NET ASSETS 681,915 606,609

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 681,911 606,605
SHAREHOLDERS' FUNDS 681,915 606,609

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Blaeneifed Farms Limited (Registered number: 04644990)

Balance Sheet - continued
31 March 2024


The 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.

The financial statements were approved by the Board of Directors and authorised for issue on 3 December 2024 and were signed on its behalf by:





D W Jones - Director


Blaeneifed Farms Limited (Registered number: 04644990)

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

1. STATUTORY INFORMATION

Blaeneifed Farms Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on reducing balance and 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

Blaeneifed Farms Limited (Registered number: 04644990)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Improvements
to Plant and Computer
property machinery equipment Totals
£    £    £    £   
COST
At 1 April 2023 178,906 1,062,277 3,381 1,244,564
Additions - 135,050 - 135,050
Disposals - (42,750 ) - (42,750 )
At 31 March 2024 178,906 1,154,577 3,381 1,336,864
DEPRECIATION
At 1 April 2023 - 651,598 3,093 654,691
Charge for year - 88,389 144 88,533
Eliminated on disposal - (42,542 ) - (42,542 )
At 31 March 2024 - 697,445 3,237 700,682
NET BOOK VALUE
At 31 March 2024 178,906 457,132 144 636,182
At 31 March 2023 178,906 410,679 288 589,873

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 April 2023 256,000
Additions 46,000
Transfer to ownership (82,500 )
At 31 March 2024 219,500
DEPRECIATION
At 1 April 2023 67,972
Charge for year 25,680
Transfer to ownership (22,871 )
At 31 March 2024 70,781
NET BOOK VALUE
At 31 March 2024 148,719
At 31 March 2023 188,028

Blaeneifed Farms Limited (Registered number: 04644990)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2023
and 31 March 2024 2,626
NET BOOK VALUE
At 31 March 2024 2,626
At 31 March 2023 2,626

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 51,943 52,015
Other debtors 6,617 2,817
58,560 54,832

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 16,375 15,661
Hire purchase contracts 20,750 37,790
Trade creditors 33,164 13,856
Taxation and social security 24,637 29,722
Other creditors 221 6,380
95,147 103,409

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 100,520 117,607
Hire purchase contracts 8,500 12,273
109,020 129,880

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 48,255 64,412

Blaeneifed Farms Limited (Registered number: 04644990)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

31.3.24 31.3.23
£    £   
D W Jones
Balance outstanding at start of year (6,378 ) (40,969 )
Amounts advanced 57,328 118,578
Amounts repaid (51,170 ) (83,987 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (220 ) (6,378 )

10. ULTIMATE CONTROLLING PARTY

The controlling party is Mr DW Jones, Mrs BG Jones, Mr JG Jones and Mr WW Jones.