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REGISTERED NUMBER: 01294072 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

Sheepy Farm Services Limited

Sheepy Farm Services Limited (Registered number: 01294072)






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


Sheepy Farm Services Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: L C Spencer
J S Spencer





SECRETARY: L C Spencer





REGISTERED OFFICE: 155 Main Road
Sheepy Magna
Atherstone
Warwickshire
CV9 3QU





REGISTERED NUMBER: 01294072 (England and Wales)





ACCOUNTANTS: Gopsall Services Limited
4 HRFC Business Centre
Leicester Road
Hinckley
Leicestershire
LE10 3DR

Sheepy Farm Services Limited (Registered number: 01294072)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 426,052 328,137

CURRENT ASSETS
Stocks 11,750 11,500
Debtors 5 106,973 109,956
Cash at bank and in hand 15,912 34,510
134,635 155,966
CREDITORS
Amounts falling due within one year 6 146,414 129,606
NET CURRENT (LIABILITIES)/ASSETS (11,779 ) 26,360
TOTAL ASSETS LESS CURRENT
LIABILITIES

414,273

354,497

CREDITORS
Amounts falling due after more than one year 7 (131,977 ) (70,413 )

PROVISIONS FOR LIABILITIES (46,769 ) (36,271 )
NET ASSETS 235,527 247,813

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 234,527 246,813
235,527 247,813

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.

Sheepy Farm Services Limited (Registered number: 01294072)

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 January 2025 and were signed on its behalf by:




L C Spencer - Director



J S Spencer - Director


Sheepy Farm Services Limited (Registered number: 01294072)

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

1. STATUTORY INFORMATION

Sheepy Farm Services 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.

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 Profit and Loss Account, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 7 ) .

Sheepy Farm Services Limited (Registered number: 01294072)

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

4. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1 May 2023 33,945 - 82,221
Additions - 5,100 26,457
Disposals - - -
At 30 April 2024 33,945 5,100 108,678
DEPRECIATION
At 1 May 2023 11,056 - 58,374
Charge for year 2,289 - 7,545
Eliminated on disposal - - -
At 30 April 2024 13,345 - 65,919
NET BOOK VALUE
At 30 April 2024 20,600 5,100 42,759
At 30 April 2023 22,889 - 23,847

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 May 2023 3,410 694,344 7,389 821,309
Additions - 157,200 1,971 190,728
Disposals - (136,131 ) (3,447 ) (139,578 )
At 30 April 2024 3,410 715,413 5,913 872,459
DEPRECIATION
At 1 May 2023 3,007 416,716 4,019 493,172
Charge for year 44 65,593 574 76,045
Eliminated on disposal - (120,877 ) (1,933 ) (122,810 )
At 30 April 2024 3,051 361,432 2,660 446,407
NET BOOK VALUE
At 30 April 2024 359 353,981 3,253 426,052
At 30 April 2023 403 277,628 3,370 328,137

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 105,231 108,508
Other debtors 1,742 1,448
106,973 109,956

Sheepy Farm Services Limited (Registered number: 01294072)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 50,333 35,717
Trade creditors 64,542 32,355
Taxation and social security 9,030 18,588
Other creditors 12,509 32,946
146,414 129,606

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans 12,500 22,500
Hire purchase contracts 119,477 47,913
131,977 70,413

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 April 2024 and 30 April 2023:

30.4.24 30.4.23
£    £   
L C Spencer
Balance outstanding at start of year (8,693 ) 1,877
Amounts advanced 27,156 66,625
Amounts repaid (18,463 ) (77,195 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - (8,693 )

J S Spencer
Balance outstanding at start of year (8,693 ) (701 )
Amounts advanced 10,470 2,200
Amounts repaid (1,777 ) (10,192 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - (8,693 )