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REGISTERED NUMBER: 05765540 (England and Wales)

















Unaudited Financial Statements

for the Year Ended 30 April 2024

for

Bourne Farms Limited

Bourne Farms Limited (Registered number: 05765540)






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


Bourne Farms Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: J E S Evans
J B Evans
H S Evans
G J Evans





SECRETARY: J E S Evans





REGISTERED OFFICE: 21 Gold Tops
Newport
South Wales
NP20 4PG





REGISTERED NUMBER: 05765540 (England and Wales)





ACCOUNTANTS: Guilfoyle Sage LLP
21 Gold Tops
Newport
South Wales
NP20 4PG

Bourne Farms Limited (Registered number: 05765540)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 758,548 698,925
Investments 6 71,714 71,714
830,262 770,639

CURRENT ASSETS
Stocks 7 245,451 235,354
Debtors 8 56,828 50,351
Cash at bank and in hand 167,949 237,504
470,228 523,209
CREDITORS
Amounts falling due within one year 9 254,126 298,897
NET CURRENT ASSETS 216,102 224,312
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,046,364

994,951

CREDITORS
Amounts falling due after more than one
year

10

(25,992

)

(8,382

)

PROVISIONS FOR LIABILITIES (97,592 ) (97,592 )
NET ASSETS 922,780 888,977

Bourne Farms Limited (Registered number: 05765540)

Balance Sheet - continued
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 12 100 100
Retained earnings 922,680 888,877
SHAREHOLDERS' FUNDS 922,780 888,977

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.

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 30 January 2025 and were signed on its behalf by:




J E S Evans - Director J B Evans - Director




H S Evans - Director G J Evans - Director


Bourne Farms Limited (Registered number: 05765540)

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

1. STATUTORY INFORMATION

Bourne Farms 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The significant accounting policies applied in the presentation of these financial statements are set out below. These policies have been consistently applied to all periods presented unless otherwise stated.

Turnover
Items of income are recognised in the financial statements, net of applicable VAT, when the risks and rewards of ownership have passed to the consumer.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on cost, 15% on cost and 2% on cost

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.


Bourne Farms Limited (Registered number: 05765540)

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

3. ACCOUNTING POLICIES - continued
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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 5 ) .

Bourne Farms Limited (Registered number: 05765540)

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

5. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1 May 2023 1,650 330,398 983,624
Additions - 68,210 59,297
Disposals - - (14,300 )
At 30 April 2024 1,650 398,608 1,028,621
DEPRECIATION
At 1 May 2023 363 39,554 704,845
Charge for year 33 7,973 75,378
At 30 April 2024 396 47,527 780,223
NET BOOK VALUE
At 30 April 2024 1,254 351,081 248,398
At 30 April 2023 1,287 290,844 278,779

Motor Dairy
vehicles herd Totals
£    £    £   
COST
At 1 May 2023 70,476 128,000 1,514,148
Additions - 29,800 157,307
Disposals - - (14,300 )
At 30 April 2024 70,476 157,800 1,657,155
DEPRECIATION
At 1 May 2023 70,461 - 815,223
Charge for year - - 83,384
At 30 April 2024 70,461 - 898,607
NET BOOK VALUE
At 30 April 2024 15 157,800 758,548
At 30 April 2023 15 128,000 698,925

Bourne Farms Limited (Registered number: 05765540)

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

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 May 2023 72,000
Additions 50,500
At 30 April 2024 122,500
DEPRECIATION
At 1 May 2023 14,400
Charge for year 20,900
At 30 April 2024 35,300
NET BOOK VALUE
At 30 April 2024 87,200
At 30 April 2023 57,600

6. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
30.4.24 30.4.23
£    £   
Cost/valuation b/f 71,714 71,714

7. STOCKS
30.4.24 30.4.23
£    £   
Stocks 245,451 235,354

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 33,308 35,839
Other debtors 23,520 14,512
56,828 50,351

Bourne Farms Limited (Registered number: 05765540)

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

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Hire purchase contracts 14,441 12,010
Trade creditors 91,281 64,808
Taxation and social security 21,246 30,230
Other creditors 127,158 191,849
254,126 298,897

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.4.24 30.4.23
£    £   
Hire purchase contracts 25,992 8,382

11. SECURED DEBTS

The following secured debts are included within creditors:

30.4.24 30.4.23
£    £   
Hire purchase contracts 40,433 20,392

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
100 Ordinary £1 100 100