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REGISTERED NUMBER: 01591720 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH SEPTEMBER 2024

FOR

SHEPPARD & FELLOWES FARM LIMITED

SHEPPARD & FELLOWES FARM LIMITED (REGISTERED NUMBER: 01591720)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SHEPPARD & FELLOWES FARM LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH SEPTEMBER 2024







DIRECTORS: G.L. Sheppard
Mrs D. Sheppard
J.W. Sheppard





REGISTERED OFFICE: Manufactory House
Bell Lane
Hertford
Hertfordshire
SG14 1BP





REGISTERED NUMBER: 01591720 (England and Wales)





ACCOUNTANTS: Cook and Partners Limited
Chartered Accountants
Manufactory House
Bell Lane
Hertford
Hertfordshire
SG14 1BP

SHEPPARD & FELLOWES FARM LIMITED (REGISTERED NUMBER: 01591720)

BALANCE SHEET
30TH SEPTEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 111,916 131,245
Investments 5 60 60
111,976 131,305

CURRENT ASSETS
Stocks 6 421,030 451,577
Debtors 7 230,168 220,576
Cash at bank 67,932 60,438
719,130 732,591
CREDITORS
Amounts falling due within one year 8 254,648 282,718
NET CURRENT ASSETS 464,482 449,873
TOTAL ASSETS LESS CURRENT
LIABILITIES

576,458

581,178

PROVISIONS FOR LIABILITIES 26,573 23,763
NET ASSETS 549,885 557,415

CAPITAL AND RESERVES
Called up share capital 500 500
Retained earnings 549,385 556,915
SHAREHOLDERS' FUNDS 549,885 557,415

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 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.

SHEPPARD & FELLOWES FARM LIMITED (REGISTERED NUMBER: 01591720)

BALANCE SHEET - continued
30TH SEPTEMBER 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17th December 2024 and were signed on its behalf by:




Mrs D. Sheppard - Director G.L. Sheppard - Director




J.W. Sheppard - Director


SHEPPARD & FELLOWES FARM LIMITED (REGISTERED NUMBER: 01591720)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2024

1. STATUTORY INFORMATION

Sheppard & Fellowes Farm 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

Accounting convention
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.

Going concern justification
The directors have assessed various factors and risks affecting the company and its ability in these difficult economic times to continue to trade as a going concern. The directors have not identified any material uncertainties or risks elated to events or conditions that could effect the carrying values of the company's assets and liabilities as at the balance sheet date. Therefore the financial statements for the year ended 30th September 2023 have been prepared using the going concern basis of accounting.

Revenue
Revenue - Described as turnover - is the value of goods (net of VAT) provided to customers during the year, plus the value of work (net of VAT) performed during the year with respect to services.

Revenue is recognised on the sale of goods when the goods are delivered and title has passed. Revenue is recognised on the provision of services once complete.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold - 4% on cost
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 25% 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.

Harvested stock and materials are valued at the lower of cost or net realisable value.Cultivations are valued at cost,to include all costs incurred to bring the land into its present condition for agricultural purposes.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 balance sheet date.


SHEPPARD & FELLOWES FARM LIMITED (REGISTERED NUMBER: 01591720)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Long Plant and and Computer
leasehold machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1st October 2023
and 30th September 2024 30,888 326,726 8,379 2,338 368,331
DEPRECIATION
At 1st October 2023 24,708 202,196 8,003 2,179 237,086
Charge for year 556 18,677 57 39 19,329
At 30th September 2024 25,264 220,873 8,060 2,218 256,415
NET BOOK VALUE
At 30th September 2024 5,624 105,853 319 120 111,916
At 30th September 2023 6,180 124,530 376 159 131,245

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1st October 2023
and 30th September 2024 60
NET BOOK VALUE
At 30th September 2024 60
At 30th September 2023 60

SHEPPARD & FELLOWES FARM LIMITED (REGISTERED NUMBER: 01591720)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2024

6. STOCKS
2024 2023
£    £   
Stocks 421,030 451,577

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 2,880 55,844
Other debtors 227,288 164,732
230,168 220,576

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 160,600 191,331
Taxation and social security 3,896 1,226
Other creditors 90,152 90,161
254,648 282,718