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REGISTERED NUMBER: 06898416 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31 May 2024

for

Lodge Farm Kitchen Ltd

Lodge Farm Kitchen Ltd (Registered number: 06898416)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Lodge Farm Kitchen Ltd

Company Information
for the Year Ended 31 May 2024







DIRECTORS: LM Stout
JS Stout





REGISTERED OFFICE: The Lodge Farm
Coughton
Ross On Wye
Herefordshire
HR9 5SQ





REGISTERED NUMBER: 06898416 (England and Wales)





ACCOUNTANTS: Mosley & Co
14 Market Place
Ramsbottom
Bury
Lancashire
BL0 9HT

Lodge Farm Kitchen Ltd (Registered number: 06898416)

Statement of Financial Position
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 44,831 71,439

CURRENT ASSETS
Stocks 175,281 152,127
Debtors 5 90,943 119,023
Cash at bank and in hand 5,942 40,366
272,166 311,516
CREDITORS
Amounts falling due within one year 6 88,773 92,709
NET CURRENT ASSETS 183,393 218,807
TOTAL ASSETS LESS CURRENT
LIABILITIES

228,224

290,246

CREDITORS
Amounts falling due after more than
one year

7

(12,050

)

(25,385

)

PROVISIONS FOR LIABILITIES 8 (9,323 ) (15,172 )
NET ASSETS 206,851 249,689

CAPITAL AND RESERVES
Called up share capital 300 300
Share premium 224,910 224,910
Retained earnings (18,359 ) 24,479
SHAREHOLDERS' FUNDS 206,851 249,689

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

Lodge Farm Kitchen Ltd (Registered number: 06898416)

Statement of Financial Position - continued
31 May 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 Board of Directors and authorised for issue on 5 February 2025 and were signed on its behalf by:





LM Stout - Director


Lodge Farm Kitchen Ltd (Registered number: 06898416)

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

1. STATUTORY INFORMATION

Lodge Farm Kitchen 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.

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.
Plant and machinery etc - 20% on cost and 20% 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 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Lodge Farm Kitchen Ltd (Registered number: 06898416)

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

2. ACCOUNTING POLICIES - continued

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 12 (2023 - 12 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 June 2023 48,702 358,904 407,606
Additions - 2,283 2,283
At 31 May 2024 48,702 361,187 409,889
DEPRECIATION
At 1 June 2023 37,950 298,217 336,167
Charge for year 3,214 25,677 28,891
At 31 May 2024 41,164 323,894 365,058
NET BOOK VALUE
At 31 May 2024 7,538 37,293 44,831
At 31 May 2023 10,752 60,687 71,439

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 81,479 113,159
Other debtors 9,464 5,864
90,943 119,023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 3,402 3,402
Trade creditors 54,285 52,561
Taxation and social security 13,634 19,872
Other creditors 7,452 6,874
88,773 92,709

Lodge Farm Kitchen Ltd (Registered number: 06898416)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans 11,483 21,416
Hire purchase contracts 567 3,969
12,050 25,385

8. PROVISIONS FOR LIABILITIES
31.5.24 31.5.23
£    £   
Deferred tax 9,323 15,172

Deferred
tax
£   
Balance at 1 June 2023 15,172
Provided during year (5,849 )
Balance at 31 May 2024 9,323

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2024 and 31 May 2023:

31.5.24 31.5.23
£    £   
JS Stout
Balance outstanding at start of year 470 2,544
Amounts advanced 6,265 4,091
Amounts repaid (8,593 ) (6,165 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (1,858 ) 470