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REGISTERED NUMBER: 11176560 (England and Wales)













Financial Statements

for the Year Ended 31 January 2024

for

Muscle Hill Farm and Country Stores Ltd

Muscle Hill Farm and Country Stores Ltd (Registered number: 11176560)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Muscle Hill Farm and Country Stores Ltd

Company Information
for the Year Ended 31 January 2024







DIRECTOR: D Leadbeater





SECRETARY:





REGISTERED OFFICE: Muscle Hill Farm
Lee Lane
Royston
Barnsley
S71 4RT





REGISTERED NUMBER: 11176560 (England and Wales)





ACCOUNTANTS: Integra (Angus Nordon) Ltd
47 Market Street
Hemsworth
Pontefract
WF9 4LR

Muscle Hill Farm and Country Stores Ltd (Registered number: 11176560)

Balance Sheet
31 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 232,655 178,868

CURRENT ASSETS
Stocks 30,000 35,000
Debtors 5 114,740 55,012
Cash at bank 37,441 13,548
182,181 103,560
CREDITORS
Amounts falling due within one year 6 165,865 134,739
NET CURRENT ASSETS/(LIABILITIES) 16,316 (31,179 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

248,971

147,689

CREDITORS
Amounts falling due after more than one
year

7

(45,918

)

(29,703

)

PROVISIONS FOR LIABILITIES 8 (49,626 ) (21,363 )
NET ASSETS 153,427 96,623

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings 10 153,425 96,621
SHAREHOLDERS' FUNDS 153,427 96,623

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Muscle Hill Farm and Country Stores Ltd (Registered number: 11176560)

Balance Sheet - continued
31 January 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 31 January 2025 and were signed by:





D Leadbeater - Director


Muscle Hill Farm and Country Stores Ltd (Registered number: 11176560)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Muscle Hill Farm and Country Stores Ltd 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.

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.

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

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 Income Statement, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Muscle Hill Farm and Country Stores Ltd (Registered number: 11176560)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 8 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2023 236,500
Additions 100,570
Disposals (9,400 )
At 31 January 2024 327,670
DEPRECIATION
At 1 February 2023 57,632
Charge for year 37,383
At 31 January 2024 95,015
NET BOOK VALUE
At 31 January 2024 232,655
At 31 January 2023 178,868

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 114,740 55,012

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 12,040 9,666
Other loans - 24,000
Hire purchase contracts 16,333 -
Trade creditors 2 6,097
Social security and other taxes 26,490 16,528
VAT 45,422 306
Director's current account 64,578 76,702
Accrued expenses 1,000 1,440
165,865 134,739

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 6,660 -
Bank loans - 2-5 years 19,703 29,703
Hire purchase contracts 19,555 -
45,918 29,703

Muscle Hill Farm and Country Stores Ltd (Registered number: 11176560)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Tax losses carried forward - (5,552 )
Deferred tax 49,626 26,915
49,626 21,363

Deferred
tax
£   
Balance at 1 February 2023 21,363
Movement arising during year 28,263
Balance at 31 January 2024 49,626

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary £1 2 2

10. RESERVES
Retained
earnings
£   

At 1 February 2023 96,621
Profit for the year 57,804
Dividends (1,000 )
At 31 January 2024 153,425