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REGISTERED NUMBER: 04661120















Unaudited Financial Statements for the Year Ended 30 June 2024

for

David Armstrong Farms Limited

David Armstrong Farms Limited (Registered number: 04661120)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


David Armstrong Farms Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: D Armstrong
Mrs M A Armstrrong
Mrs D M Armstrong





SECRETARY: D Armstrong





REGISTERED OFFICE: Abbey Farm
Abbey Road
Bardney
Lincolnshire
LN3 5XD





REGISTERED NUMBER: 04661120





ACCOUNTANTS: Reeve & Co
Chartered Certified Accountants
Unit 14 Oak House
Witham Park
Waterside South
Lincoln
LN5 7FB

David Armstrong Farms Limited (Registered number: 04661120)

Balance Sheet
30 June 2024

30.6.23 30.6.24
£    £    Notes £    £   
FIXED ASSETS
1,733,509 Tangible assets 4 1,822,149
482,500 Investments 5 144,839
- Investment property 6 465,050
2,216,009 2,432,038

CURRENT ASSETS
355,364 Stocks 253,645
247,983 Debtors 7 273,307
351,767 Cash at bank and in hand 472,730
955,114 999,682
CREDITORS
708,283 Amounts falling due within one year 8 675,891
246,831 NET CURRENT ASSETS 323,791
2,462,840 TOTAL ASSETS LESS CURRENT LIABILITIES 2,755,829

67,217 PROVISIONS FOR LIABILITIES 129,608
2,395,623 NET ASSETS 2,626,221

CAPITAL AND RESERVES
100 Called up share capital 100
215,408 Share premium 215,408
2,180,115 Retained earnings 2,410,713
2,395,623 SHAREHOLDERS' FUNDS 2,626,221

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

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

David Armstrong Farms Limited (Registered number: 04661120)

Balance Sheet - continued
30 June 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 January 2025 and were signed on its behalf by:




D Armstrong - Director



Mrs D M Armstrong - Director


David Armstrong Farms Limited (Registered number: 04661120)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

David Armstrong Farms Limited is a private company, limited by shares , registered in Not specified/Other. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 2% on cost
Plant and machinery etc - 20% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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.

David Armstrong Farms Limited (Registered number: 04661120)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 10 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
Totals buildings etc
£    £    £   
COST
At 1 July 2023 3,034,533 1,139,459 1,895,074
Additions 304,015 - 304,015
Disposals (15,950 ) - (15,950 )
At 30 June 2024 3,322,598 1,139,459 2,183,139
DEPRECIATION
At 1 July 2023 1,301,024 44,979 1,256,045
Charge for year 208,995 2,811 206,184
Eliminated on disposal (9,570 ) - (9,570 )
At 30 June 2024 1,500,449 47,790 1,452,659
NET BOOK VALUE
At 30 June 2024 1,822,149 1,091,669 730,480
At 30 June 2023 1,733,509 1,094,480 639,029

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 July 2023 482,500
Disposals (337,661 )
At 30 June 2024 144,839
NET BOOK VALUE
At 30 June 2024 144,839
At 30 June 2023 482,500

David Armstrong Farms Limited (Registered number: 04661120)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 465,050
At 30 June 2024 465,050
NET BOOK VALUE
At 30 June 2024 465,050

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 214,074 147,180
Other debtors 59,233 100,803
273,307 247,983

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Hire purchase contracts 168,500 29,366
Trade creditors 72,723 273,148
Taxation and social security 58,402 30,278
Other creditors 376,266 375,491
675,891 708,283

9. SECURED DEBTS

The following secured debts are included within creditors:

30.6.24 30.6.23
£    £   
Hire purchase contracts 168,500 29,366

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is D Armstrong.