Acorah Software Products - Accounts Production 16.1.300 false true true 30 April 2023 1 May 2022 false 1 May 2023 30 April 2024 30 April 2024 11332378 Mr Scott McNaughton Mrs Laura McNaughton iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11332378 2023-04-30 11332378 2024-04-30 11332378 2023-05-01 2024-04-30 11332378 frs-core:CurrentFinancialInstruments 2024-04-30 11332378 frs-core:ComputerEquipment 2024-04-30 11332378 frs-core:ComputerEquipment 2023-05-01 2024-04-30 11332378 frs-core:ComputerEquipment 2023-04-30 11332378 frs-core:FurnitureFittings 2024-04-30 11332378 frs-core:FurnitureFittings 2023-05-01 2024-04-30 11332378 frs-core:FurnitureFittings 2023-04-30 11332378 frs-core:PlantMachinery 2024-04-30 11332378 frs-core:PlantMachinery 2023-05-01 2024-04-30 11332378 frs-core:PlantMachinery 2023-04-30 11332378 frs-core:ShareCapital 2024-04-30 11332378 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 11332378 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 11332378 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 11332378 frs-bus:SmallEntities 2023-05-01 2024-04-30 11332378 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 11332378 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 11332378 frs-bus:Director1 2023-05-01 2024-04-30 11332378 frs-bus:Director2 2023-05-01 2024-04-30 11332378 frs-core:CurrentFinancialInstruments 1 2024-04-30 11332378 frs-countries:EnglandWales 2023-05-01 2024-04-30 11332378 2022-04-30 11332378 2023-04-30 11332378 2022-05-01 2023-04-30 11332378 frs-core:CurrentFinancialInstruments 2023-04-30 11332378 frs-core:ShareCapital 2023-04-30 11332378 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30 11332378 frs-core:CurrentFinancialInstruments 1 2023-04-30
Registered number: 11332378
Eastfields Farm Barns Limited
Unaudited Financial Statements
For The Year Ended 30 April 2024
Fensom Business Solutions Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 11332378
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 21,143 32,824
21,143 32,824
CURRENT ASSETS
Stocks 5 - 1,498
Debtors 6 7,167 -
Cash at bank and in hand 20,438 32,643
27,605 34,141
Creditors: Amounts Falling Due Within One Year 7 (185,287 ) (240,753 )
NET CURRENT ASSETS (LIABILITIES) (157,682 ) (206,612 )
TOTAL ASSETS LESS CURRENT LIABILITIES (136,539 ) (173,788 )
NET LIABILITIES (136,539 ) (173,788 )
CAPITAL AND RESERVES
Called up share capital 8 2 2
Profit and Loss Account (136,541 ) (173,790 )
SHAREHOLDERS' FUNDS (136,539) (173,788)
Page 1
Page 2
For the year ending 30 April 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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Scott McNaughton
Director
27/01/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Eastfields Farm Barns Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11332378 . The registered office is Eastfields Farm, Melchbourne, Bedford, MK44 1BL.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The directors note that the company has a loan repayable to its shareholders, which essentially represents funding for the initial set-up and development of the business. The balance is reducing as the business repays the loan. The directors consider that there is not an expectation of full repayment of the loan until such time as the business is able to do so. Further the directors have considered the opportunities for future growth along with the level of future bookings and deferred revenue, including the post balance sheet period, and consider that the business is well placed to meet its liabilities as these fall due, and hence to be a going concern
2.3. Turnover
Turnover represents revenue earned from the delivery of wedding, corporate and other events and the provision of accommodation services to guests. Turnover is recognised on the date when event takes place. Where amounts are received in advance of the event, these amounts are deferred on the balance sheet until earned.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 20% Straight line
Fixtures & Fittings 20% Straight line
Computer Equipment 20% Straight line
2.5. Taxation
The company is subject to income tax, however due to the historic losses incurred no tax has yet been assessed as payable. Deferred tax assets are generally recognised for all deductible timing differences, but only to the extent that it is probable that taxable profits will be available for which the deferred tax asset may utilised. Given the accumulation of losses to date, no deferred tax asset has been recognised. Deferred tax liabilities are generally recognised for all deductible timing differences.
3. Average Number of Employees
The company makes use of seasonal staff, contractors and outsourcing to service the events it runs. As a result the average number of employees, including the directors year was: 2 (2023: 2)
2 2
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost or Valuation
As at 1 May 2023 37,448 20,724 369 58,541
Additions 1,194 - - 1,194
Revaluation (5,151 ) - - (5,151 )
As at 30 April 2024 33,491 20,724 369 54,584
...CONTINUED
Page 3
Page 4
Depreciation
As at 1 May 2023 21,386 4,199 132 25,717
Provided during the period 6,480 4,080 74 10,634
On revaluations (2,910 ) - - (2,910 )
As at 30 April 2024 24,956 8,279 206 33,441
Net Book Value
As at 30 April 2024 8,535 12,445 163 21,143
As at 1 May 2023 16,062 16,525 237 32,824
5. Stocks
2024 2023
£ £
Stock - 1,498
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 3,940 -
VAT 3,227 -
7,167 -
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 2,149 -
Shareholders' loan account 147,398 194,814
Deferred revenue 35,740 45,939
185,287 240,753
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
Page 4