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REGISTERED NUMBER: 01127861 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

T.E. BEEVERS (FARMERS) LIMITED

T.E. BEEVERS (FARMERS) LIMITED (REGISTERED NUMBER: 01127861)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 30 April 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


T.E. BEEVERS (FARMERS) LIMITED

COMPANY INFORMATION
For The Year Ended 30 April 2024







DIRECTORS: Mr R E Beevers
Mr D A Jackson
Miss G E Beevers





SECRETARY: Mrs R Beevers





REGISTERED OFFICE: Cottam Warren Farm
Cottam
Driffield
East Yorkshire
YO25 3BD





REGISTERED NUMBER: 01127861 (England and Wales)





ACCOUNTANTS: Fortus Limited
Business Advisors & Accountants
Equinox House
Clifton Park, Shipton Road
York
YO30 5PA

T.E. BEEVERS (FARMERS) LIMITED (REGISTERED NUMBER: 01127861)

BALANCE SHEET
30 April 2024

Notes £    £   
FIXED ASSETS
Tangible assets 4 1,287,802

CURRENT ASSETS
Stocks 290,453
Debtors 5 17,100
Investments 6 2,506
Cash at bank 2
310,061
CREDITORS
Amounts falling due within one year 7 599,110
NET CURRENT LIABILITIES (289,049 )
TOTAL ASSETS LESS CURRENT LIABILITIES 998,753

CREDITORS
Amounts falling due after more than
one year

8

(258,977

)

PROVISIONS FOR LIABILITIES (101,624 )
NET ASSETS 638,152

CAPITAL AND RESERVES
Called up share capital 9 507,000
Retained earnings 131,152
SHAREHOLDERS' FUNDS 638,152

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

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

T.E. BEEVERS (FARMERS) LIMITED (REGISTERED NUMBER: 01127861)

BALANCE SHEET - continued
30 April 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 January 2025 and were signed on its behalf by:




Mr R E Beevers - Director



Mr D A Jackson - Director


T.E. BEEVERS (FARMERS) LIMITED (REGISTERED NUMBER: 01127861)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 30 April 2024


1. STATUTORY INFORMATION

T.E. Beevers (Farmers) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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.
Freehold property - 10% on cost
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 33% on reducing balance
Motor vehicles - 25% on reducing balance

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 Statement of Income and Retained Earnings, 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.

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.

T.E. BEEVERS (FARMERS) LIMITED (REGISTERED NUMBER: 01127861)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 April 2024


2. ACCOUNTING POLICIES - continued

Going concern
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing thefinancial statements.

Hire purchase and leases
Assets held under hire purchase and finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the statement of financial position as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to the income statement so as to produce a constant periodic rate of interest on the remaining balance of the liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 .

4. TANGIBLE FIXED ASSETS
Assets
Freehold Under Plant and
property Construction machinery
£    £    £   
COST
At 1 May 2023 777,609 50,224 921,327
Additions - 130,287 30,899
Disposals - - (12,500 )
Reclassification/transfer 180,511 (180,511 ) -
At 30 April 2024 958,120 - 939,726
DEPRECIATION
At 1 May 2023 75,363 - 503,351
Charge for year 549 903 66,663
Eliminated on disposal - - (8,080 )
Reclassification/transfer 903 (903 ) -
At 30 April 2024 76,815 - 561,934
NET BOOK VALUE
At 30 April 2024 881,305 - 377,792
At 30 April 2023 702,246 50,224 417,976

T.E. BEEVERS (FARMERS) LIMITED (REGISTERED NUMBER: 01127861)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 April 2024


4. TANGIBLE FIXED ASSETS - continued

Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 May 2023 23,537 23,829 1,796,526
Additions 1,392 34,305 196,883
Disposals - (23,829 ) (36,329 )
Reclassification/transfer - - -
At 30 April 2024 24,929 34,305 1,957,080
DEPRECIATION
At 1 May 2023 20,467 13,296 612,477
Charge for year 1,486 8,576 78,177
Eliminated on disposal - (13,296 ) (21,376 )
Reclassification/transfer - - -
At 30 April 2024 21,953 8,576 669,278
NET BOOK VALUE
At 30 April 2024 2,976 25,729 1,287,802
At 30 April 2023 3,070 10,533 1,184,049

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 2,836
Other debtors 14,264
17,100

6. CURRENT ASSET INVESTMENTS
£   
Investments 2,506

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Bank loans and overdrafts 338,569
Hire purchase contracts 102,242
Trade creditors 120,440
Taxation and social security 31,975
Other creditors 5,884
599,110

The bank loan and overdraft are secured on agricultural land at Cottam Warren Farm, Driffield.

The Business Bounce-Back loan is not secured.

Hire purchase contracts are secured on the assets they are in respect of.

T.E. BEEVERS (FARMERS) LIMITED (REGISTERED NUMBER: 01127861)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 April 2024


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
£   
Bank loans 46,260
Hire purchase contracts 212,717
258,977

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
507,000 Ordinary shares 1 507,000