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REGISTERED NUMBER: 08375269 (England and Wales)















B & S FARMS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2024






B & S FARMS LIMITED (REGISTERED NUMBER: 08375269)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3 to 4


B & S FARMS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 5 APRIL 2024







DIRECTORS: Mr J A Hollingworth
Mrs L K Hollingworth
Mr J R Hollingworth
Mr S J Hollingworth





REGISTERED OFFICE: South Farm
Letwell
Worksop
Nottinghamshire
S81 8DF





REGISTERED NUMBER: 08375269 (England and Wales)





ACCOUNTANTS: Duncan & Toplis Limited
14 London Road
Newark
Nottinghamshire
NG24 1TW

B & S FARMS LIMITED (REGISTERED NUMBER: 08375269)

STATEMENT OF FINANCIAL POSITION
5 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 28,864 31,751
Investments 5 676,917 632,633
705,781 664,384

CURRENT ASSETS
Debtors 6 608 4,504
Cash at bank 58,515 56,551
59,123 61,055
CREDITORS
Amounts falling due within one year 7 29,478 25,134
NET CURRENT ASSETS 29,645 35,921
TOTAL ASSETS LESS CURRENT LIABILITIES 735,426 700,305

PROVISIONS FOR LIABILITIES 7,216 6,033
NET ASSETS 728,210 694,272

CAPITAL AND RESERVES
Called up share capital 8 4,000 4,000
Retained earnings 724,210 690,272
SHAREHOLDERS' FUNDS 728,210 694,272

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 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.

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 19 November 2024 and were signed on its behalf by:





Mr J R Hollingworth - Director


B & S FARMS LIMITED (REGISTERED NUMBER: 08375269)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024

1. STATUTORY INFORMATION

B & S 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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

Property, plant and equipment
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 5% on cost

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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

Fixed asset investment
The fixed asset investment represents the investment in an associated partnership. Additions includes capital introduced and profit share. Disposals includes drawings made from the partnership. The annual profit share is shown in the profit and loss account.

3. EMPLOYEES AND DIRECTORS

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

B & S FARMS LIMITED (REGISTERED NUMBER: 08375269)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 5 APRIL 2024

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 6 April 2023
and 5 April 2024 57,725
DEPRECIATION
At 6 April 2023 25,974
Charge for year 2,887
At 5 April 2024 28,861
NET BOOK VALUE
At 5 April 2024 28,864
At 5 April 2023 31,751

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 6 April 2023 632,633
Additions 44,284
At 5 April 2024 676,917
NET BOOK VALUE
At 5 April 2024 676,917
At 5 April 2023 632,633

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 608 4,371
Other debtors - 133
608 4,504

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 1,283 1,211
Taxation and social security 10,072 8,811
Other creditors 18,123 15,112
29,478 25,134

8. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 2024 2023
value: £    £   
4,000 Ordinary £1 4,000 4,000