Company Registration No. 08439855 (England and Wales)
Town End Farm Shop Ltd
Unaudited accounts
for the year ended 31 March 2024
Town End Farm Shop Ltd
Unaudited accounts
Contents
Town End Farm Shop Ltd
Company Information
for the year ended 31 March 2024
Company Number
08439855 (England and Wales)
Registered Office
Church End Farm
Kirby Malham
Skipton
BD23 4BU
Accountants
Pearson & Associates
Suite E, Canal Wharf
Eshton Road
Gargrave, Skipton
North Yorkshire
BD23 3SE
Town End Farm Shop Ltd
Statement of financial position
as at 31 March 2024
Tangible assets
36,093
33,635
Cash at bank and in hand
21,262
36,384
Creditors: amounts falling due within one year
(62,530)
(57,216)
Net current liabilities
(16,091)
(3,745)
Total assets less current liabilities
20,002
29,890
Creditors: amounts falling due after more than one year
(13,750)
(22,750)
Called up share capital
100
100
Profit and loss account
6,152
7,040
Shareholders' funds
6,252
7,140
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 3 December 2024 and were signed on its behalf by
C Wildman
Director
Company Registration No. 08439855
Town End Farm Shop Ltd
Notes to the Accounts
for the year ended 31 March 2024
Town End Farm Shop Ltd is a private company, limited by shares, registered in England and Wales, registration number 08439855. The registered office is Church End Farm, Kirby Malham, Skipton, BD23 4BU.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% on cost
Motor vehicles
25% reducing balance
Fixtures & fittings
25% on cost
Computer equipment
25% on cost
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Town End Farm Shop Ltd
Notes to the Accounts
for the year ended 31 March 2024
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 April 2023
29,547
50,275
11,947
3,464
95,233
Additions
12,610
-
-
237
12,847
At 31 March 2024
42,157
50,275
11,947
3,701
108,080
At 1 April 2023
27,168
22,896
10,078
1,456
61,598
Charge for the year
1,586
6,845
1,377
581
10,389
At 31 March 2024
28,754
29,741
11,455
2,037
71,987
At 31 March 2024
13,403
20,534
492
1,664
36,093
At 31 March 2023
2,379
27,379
1,869
2,008
33,635
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
28,113
15,387
Taxes and social security
12,686
9,793
Other creditors
14,469
10,226
Loans from directors
7,262
16,320
7
Creditors: amounts falling due after more than one year
2024
2023
8
Average number of employees
During the year the average number of employees was 16 (2023: 16).