Registered number
14070195
Beardyman Farm Ltd
Filleted Accounts
30 April 2024
Beardyman Farm Ltd
Company Information
Director
A J Somerton
Accountants
Anderson Griffin
Rotunda Buildings
Montpellier Exchange
Cheltenham
Glos
Registered office
2 Elm Villas
Dean Lane
Stoke Orchard
Cheltenham
Glos
Registered number
14070195
Beardyman Farm Ltd
Registered number: 14070195
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 6,000 8,000
Tangible assets 4 11,465 9,085
17,465 17,085
Current assets
Stocks 1,000 1,000
Debtors 5 1,563 963
Cash at bank and in hand 242 10,422
2,805 12,385
Creditors: amounts falling due within one year 6 (330) (248)
Net current assets 2,475 12,137
Total assets less current liabilities 19,940 29,222
Creditors: amounts falling due after more than one year 7 (39,693) (40,634)
Net liabilities (19,753) (11,412)
Capital and reserves
Called up share capital 101 101
Profit and loss account (19,854) (11,513)
Shareholders' funds (19,753) (11,412)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
A J Somerton
Director
Approved by the board on 31 May 2024
Beardyman Farm Ltd
Notes to the Accounts
for the year ended 30 April 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Intangible fixed assets £
Goodwill:
Cost
At 1 May 2023 10,000
At 30 April 2024 10,000
Amortisation
At 1 May 2023 2,000
Provided during the year 2,000
At 30 April 2024 4,000
Net book value
At 30 April 2024 6,000
At 30 April 2023 8,000
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Plant and machinery
£
Cost
At 1 May 2023 11,355
Additions 5,816
At 30 April 2024 17,171
Depreciation
At 1 May 2023 2,270
Charge for the year 3,436
At 30 April 2024 5,706
Net book value
At 30 April 2024 11,465
At 30 April 2023 9,085
5 Debtors 2024 2023
£ £
Other debtors 1,563 963
6 Creditors: amounts falling due within one year 2024 2023
£ £
Other creditors 330 248
7 Creditors: amounts falling due after one year 2024 2023
£ £
Directors loan 9,693 10,634
Intercompany loan 30,000 30,000
39,693 40,634
8 Contingent liabilities
The accounts have been prepared on the going concern basis which is dependent on the continuing financial support of the directors.
9 Controlling party
The company is controlled by the director.
10 Other information
Beardyman Farm Ltd is a private company limited by shares and incorporated in England. Its registered office is:
2 Elm Villas
Dean Lane
Stoke Orchard
Cheltenham
Glos
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