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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
Page
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Town End Farm Shop Ltd Company Information for the year ended 31 March 2024
Director
C Wildman
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
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Town End Farm Shop Ltd Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
36,093 
33,635 
Current assets
Inventories
21,870 
11,350 
Debtors
3,307 
5,737 
Cash at bank and in hand
21,262 
36,384 
46,439 
53,471 
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)
Net assets
6,252 
7,140 
Capital and reserves
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
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Town End Farm Shop Ltd Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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
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.
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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 
Depreciation
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 
Net book value
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 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
3,307 
5,737 
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 
Accruals
- 
5,490 
62,530 
57,216 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
13,750 
22,750 
8
Average number of employees
During the year the average number of employees was 16 (2023: 16).
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