E.J. Clark and Sons Farms Limited 01346239 false 2023-07-01 2024-06-30 2024-06-30 The principal activity of the company is farming Digita Accounts Production Advanced 6.30.9574.0 true 01346239 2023-07-01 2024-06-30 01346239 2024-06-30 01346239 bus:OrdinaryShareClass1 2024-06-30 01346239 core:RetainedEarningsAccumulatedLosses 2024-06-30 01346239 core:ShareCapital 2024-06-30 01346239 core:CurrentFinancialInstruments 2024-06-30 01346239 core:CurrentFinancialInstruments core:WithinOneYear 2024-06-30 01346239 core:Non-currentFinancialInstruments core:AfterOneYear 2024-06-30 01346239 core:LandBuildings 2024-06-30 01346239 core:MotorVehicles 2024-06-30 01346239 core:OtherPropertyPlantEquipment 2024-06-30 01346239 bus:SmallEntities 2023-07-01 2024-06-30 01346239 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 01346239 bus:FullAccounts 2023-07-01 2024-06-30 01346239 bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 01346239 bus:RegisteredOffice 2023-07-01 2024-06-30 01346239 bus:Director1 2023-07-01 2024-06-30 01346239 bus:Director2 2023-07-01 2024-06-30 01346239 bus:OrdinaryShareClass1 2023-07-01 2024-06-30 01346239 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 01346239 bus:Agent1 2023-07-01 2024-06-30 01346239 core:RetainedEarningsAccumulatedLosses 2023-07-01 2024-06-30 01346239 core:ShareCapital 2023-07-01 2024-06-30 01346239 core:LandBuildings 2023-07-01 2024-06-30 01346239 core:MotorCars 2023-07-01 2024-06-30 01346239 core:MotorVehicles 2023-07-01 2024-06-30 01346239 core:OtherPropertyPlantEquipment 2023-07-01 2024-06-30 01346239 core:PlantMachinery 2023-07-01 2024-06-30 01346239 countries:England 2023-07-01 2024-06-30 01346239 2023-06-30 01346239 core:RetainedEarningsAccumulatedLosses 2023-06-30 01346239 core:ShareCapital 2023-06-30 01346239 core:LandBuildings 2023-06-30 01346239 core:MotorVehicles 2023-06-30 01346239 core:OtherPropertyPlantEquipment 2023-06-30 01346239 2022-07-01 2023-06-30 01346239 2023-06-30 01346239 bus:OrdinaryShareClass1 2023-06-30 01346239 core:CurrentFinancialInstruments 2023-06-30 01346239 core:CurrentFinancialInstruments core:WithinOneYear 2023-06-30 01346239 core:Non-currentFinancialInstruments core:AfterOneYear 2023-06-30 01346239 core:LandBuildings 2023-06-30 01346239 core:MotorVehicles 2023-06-30 01346239 core:OtherPropertyPlantEquipment 2023-06-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 01346239

E.J. Clark and Sons Farms Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 30 June 2024

 

E.J. Clark and Sons Farms Limited

Contents

Company Information

1

Directors' Report

2

Accountants' Report

3

Balance Sheet

4

Statement of Changes in Equity

5 to 9

Notes to the Unaudited Financial Statements

6

 

E.J. Clark and Sons Farms Limited

Company Information

Directors

Mr T G Clark

Mr C G Clark

Registered office

Ceande .
Homer
Much Wenlock
Shropshire
TF13 6ND

Accountants

Oakleys Professional Limited
14 St Owen Street
Hereford
HR1 2PL

 

E.J. Clark and Sons Farms Limited

Directors' Report for the Year Ended 30 June 2024

The directors present their report and the financial statements for the year ended 30 June 2024.

Directors of the company

The directors who held office during the year were as follows:

Mr T G Clark

Mr C G Clark

Principal activity

The principal activity of the company is farming

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved by the Board on 30 January 2025 and signed on its behalf by:

.........................................
Mr T G Clark
Director

.........................................
Mr C G Clark
Director

 
     
 

Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
E.J. Clark and Sons Farms Limited
for the Year Ended 30 June 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of E.J. Clark and Sons Farms Limited for the year ended 30 June 2024 as set out on pages 4 to 9 from the company's accounting records and from information and explanations you have given us.

It is your duty to ensure that E.J. Clark and Sons Farms Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of E.J. Clark and Sons Farms Limited. You consider that E.J. Clark and Sons Farms Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of E.J. Clark and Sons Farms Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Oakleys Professional Limited
14 St Owen Street
Hereford
HR1 2PL

30 January 2025

 

E.J. Clark and Sons Farms Limited

(Registration number: 01346239)
Balance Sheet as at 30 June 2024
 

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

844,176

783,575

Current assets

 

Stocks

273,021

268,774

Debtors

30,337

48,765

 

303,358

317,539

Creditors: Amounts falling due within one year

(668,010)

(682,244)

Net current liabilities

 

(364,652)

(364,705)

Total assets less current liabilities

 

479,524

418,870

Creditors: Amounts falling due after more than one year

(439,562)

(340,873)

Provisions for liabilities

(2,434)

1,351

Net assets

 

37,528

79,348

Capital and reserves

 

Called up share capital

5

1,000

1,000

Retained earnings

36,528

78,348

Shareholders' funds

 

37,528

79,348

For the financial year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 30 January 2025 and signed on its behalf by:
 

.........................................
Mr T G Clark
Director

.........................................
Mr C G Clark
Director

 
     
 

E.J. Clark and Sons Farms Limited

Statement of Changes in Equity for the Year Ended 30 June 2024

Share capital
£

Profit and loss account
£

Total
£

At 1 July 2023

1,000

78,348

79,348

Loss for the year

-

(41,820)

(41,820)

Total comprehensive income

-

(41,820)

(41,820)

At 30 June 2024

1,000

36,528

37,528

 

E.J. Clark and Sons Farms Limited

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

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Ceande .
Homer
Much Wenlock
Shropshire
TF13 6ND

The principal place of business is:
Red House
Wig Wig
Much Wenlock
Shropshire
TF13 6NN

These financial statements were authorised for issue by the Board on 30 January 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

E.J. Clark and Sons Farms Limited

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

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Land and buildings

none

Plant and machinery

15% reducing balance

Motor cars

15% reducing balance

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

The directors have chosen the fair value model basis for the valuation of biological assets under FRS 102.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

 

E.J. Clark and Sons Farms Limited

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

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2023 - 3).

4

tangible assets

Land and buildings
£

Motor vehicles
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 July 2023

776,505

3,179

659,818

1,439,502

Additions

10,000

-

66,647

76,647

At 30 June 2024

786,505

3,179

726,465

1,516,149

Depreciation

At 1 July 2023

33,260

2,401

620,266

655,927

Charge for the year

-

117

15,929

16,046

At 30 June 2024

33,260

2,518

636,195

671,973

Carrying amount

At 30 June 2024

753,245

661

90,270

844,176

At 30 June 2023

743,245

778

39,552

783,575

Included within the net book value of land and buildings above is £753,245 (2023 - £743,245) in respect of freehold land and buildings.
 

 

E.J. Clark and Sons Farms Limited

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

5

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Ordinary share of £1 each

1,000

1,000

1,000

1,000