2023-06-062024-06-052024-06-05false01367547R.E. Hudson (Farms) 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R.E. Hudson (Farms) Limited

Registered Number
01367547
(England and Wales)

Unaudited Financial Statements for the Year ended
5 June 2024

R.E. Hudson (Farms) Limited
Company Information
for the year from 6 June 2023 to 5 June 2024

Directors

C J Hudson
R E Hudson

Registered Address

Stewart House
Partney
Spilsby
PE23 4PF

Registered Number

01367547 (England and Wales)
R.E. Hudson (Farms) Limited
Balance Sheet as at
5 June 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets31,9552,301
Investments49090
2,0452,391
Current assets
Stocks5354194
Debtors610,58711,199
Cash at bank and on hand61,79663,084
72,73774,477
Creditors amounts falling due within one year7(56,705)(52,802)
Net current assets (liabilities)16,03221,675
Total assets less current liabilities18,07724,066
Net assets18,07724,066
Capital and reserves
Called up share capital22
Profit and loss account18,07524,064
Shareholders' funds18,07724,066
The financial statements were approved and authorised for issue by the Board of Directors on 20 February 2025, and are signed on its behalf by:
R E Hudson
Director
Registered Company No. 01367547
R.E. Hudson (Farms) Limited
Notes to the Financial Statements
for the year ended 5 June 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)Straight line (years)
Land and buildings-5
Plant and machinery15-
Vehicles25-
Office Equipment15-
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Finance leases and hire purchase contracts
Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.
Stocks and work in progress
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
Trade and other debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less. Bank overdrafts are disclosed separately. For the purpose of the cash flow statement, bank overdrafts form an integral part of the company's cash management and are included as a component of cash and cash equivalents.
Trade and other creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Share capital
Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.
2.Average number of employees

20242023
Average number of employees during the year22
3.Tangible fixed assets

Land & buildings

Plant & machinery

Vehicles

Office Equipment

Total

£££££
Cost or valuation
At 06 June 2347,95640,59956,7153,057148,327
At 05 June 2447,95640,59956,7153,057148,327
Depreciation and impairment
At 06 June 2347,95638,40556,7082,957146,026
Charge for year-329215346
At 05 June 2447,95638,73456,7102,972146,372
Net book value
At 05 June 24-1,8655851,955
At 05 June 23-2,19471002,301
4.Fixed asset investments

Other investments1

Total

££
Cost or valuation
At 06 June 239090
At 05 June 249090
Net book value
At 05 June 249090
At 05 June 239090

Notes

1Other investments other than loans
5.Stocks

2024

2023

££
Raw materials and consumables354194
Total354194
6.Debtors: amounts due within one year

2024

2023

££
Other debtors10,10210,022
Prepayments and accrued income4851,177
Total10,58711,199
7.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables67292
Bank borrowings and overdrafts132-
Taxation and social security3971,092
Other creditors55,50451,618
Total56,70552,802