Company registration number 04642934 (England and Wales)
Ingfield Farm Shop Limited
UNAUDITED FINANCIAL STATEMENTS
for the year ended 31 March 2024
PAGES FOR FILING WITH REGISTRAR
Ingfield Farm Shop Limited
Contents
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 4
Ingfield Farm Shop Limited
Statement Of Financial Position
as at 31 March 2024
31 March 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
40,647
42,024
Current assets
Stocks
825
825
Debtors
37,839
36,202
Cash at bank and in hand
1,193
641
39,857
37,668
Creditors: amounts falling due within one year
(261,715)
(180,099)
Net current liabilities
(221,858)
(142,431)
Total assets less current liabilities
(181,211)
(100,407)
Creditors: amounts falling due after more than one year
(17,045)
(24,687)
Net liabilities
(198,256)
(125,094)
Capital and reserves
Called up share capital
120
120
Share premium account
4,940
4,940
Profit and loss reserves
(203,316)
(130,154)
Total equity
(198,256)
(125,094)
In accordance with section 444 of the Companies Act 2006, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).
The director of the company has elected not to include a copy of the income statement within the financial statements.true
Ingfield Farm Shop Limited
Statement Of Financial Position (continued)
as at 31 March 2024
31 March 2024
- 2 -
For the financial year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and signed by the director and authorised for issue on 27 December 2024
M Bamford
Director
Company Registration No. 04642934
Ingfield Farm Shop Limited
Notes to the financial statements
for the year ended 31 March 2024
- 3 -
1
Accounting policies
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
Turnover
Turnover represents the fair value of the consideration received for goods provided in the normal course of business, and is shown net of VAT. Turnover is recognised upon the sale of goods.
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost less depreciation.
Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following bases:
Leasehold land and buildings
2.5% Straight line basis
Plant and machinery
25% Reducing balance basis
Fixtures, fittings & equipment
25% Reducing balance basis
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
1
1
Ingfield Farm Shop Limited
Notes to the financial statements (continued)
for the year ended 31 March 2024
- 4 -
3
Tangible fixed assets
Leasehold land and buildings
Plant and machinery
Fixtures, fittings & equipment
Total
£
£
£
£
Cost
At 1 April 2023
61,478
14,150
46,524
122,152
Additions
600
600
At 31 March 2024
61,478
14,750
46,524
122,752
Depreciation and impairment
At 1 April 2023
22,202
11,981
45,945
80,128
Depreciation charged in the year
1,297
542
138
1,977
At 31 March 2024
23,499
12,523
46,083
82,105
Carrying amount
At 31 March 2024
37,979
2,227
441
40,647
At 31 March 2023
39,276
2,169
579
42,024
4
Parent company
The parent company is Bamford Brothers Limited, a company registered in England & Wales and whose registered office is Law Farm, Law Lane, Southowram, West Yorkshire HX3 9UG.
5
Company information
Ingfield Farm Shop Limited is a private company limited by shares incorporated in England and Wales. The registered office is Law Farm, Law Lane, Southowram, Halifax, West Yorkshire, HX3 9UG.