Caseware UK (AP4) 2024.0.164 2024.0.164 2024-06-302024-06-302false2023-07-01No description of principal activity2falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 10810002 2023-07-01 2024-06-30 10810002 2022-07-01 2023-06-30 10810002 2024-06-30 10810002 2023-06-30 10810002 c:Director2 2023-07-01 2024-06-30 10810002 d:Buildings d:ShortLeaseholdAssets 2023-07-01 2024-06-30 10810002 d:Buildings d:ShortLeaseholdAssets 2024-06-30 10810002 d:Buildings d:ShortLeaseholdAssets 2023-06-30 10810002 d:PlantMachinery 2023-07-01 2024-06-30 10810002 d:PlantMachinery 2024-06-30 10810002 d:PlantMachinery 2023-06-30 10810002 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 10810002 d:MotorVehicles 2023-07-01 2024-06-30 10810002 d:MotorVehicles 2024-06-30 10810002 d:MotorVehicles 2023-06-30 10810002 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 10810002 d:FurnitureFittings 2023-07-01 2024-06-30 10810002 d:FurnitureFittings 2024-06-30 10810002 d:FurnitureFittings 2023-06-30 10810002 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 10810002 d:OtherPropertyPlantEquipment 2023-07-01 2024-06-30 10810002 d:OtherPropertyPlantEquipment 2024-06-30 10810002 d:OtherPropertyPlantEquipment 2023-06-30 10810002 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 10810002 d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 10810002 d:CurrentFinancialInstruments 2024-06-30 10810002 d:CurrentFinancialInstruments 2023-06-30 10810002 d:Non-currentFinancialInstruments 2024-06-30 10810002 d:Non-currentFinancialInstruments 2023-06-30 10810002 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 10810002 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 10810002 d:Non-currentFinancialInstruments d:AfterOneYear 2024-06-30 10810002 d:Non-currentFinancialInstruments d:AfterOneYear 2023-06-30 10810002 d:ShareCapital 2024-06-30 10810002 d:ShareCapital 2023-06-30 10810002 d:RetainedEarningsAccumulatedLosses 2024-06-30 10810002 d:RetainedEarningsAccumulatedLosses 2023-06-30 10810002 c:FRS102 2023-07-01 2024-06-30 10810002 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 10810002 c:FullAccounts 2023-07-01 2024-06-30 10810002 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 10810002 d:HirePurchaseContracts d:WithinOneYear 2024-06-30 10810002 d:HirePurchaseContracts d:BetweenOneFiveYears 2024-06-30 10810002 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-06-30 10810002 d:HirePurchaseContracts d:WithinOneYear 2023-06-30 10810002 2 2023-07-01 2024-06-30 10810002 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2024-06-30 10810002 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-06-30 10810002 d:LeasedAssetsHeldAsLessee 2024-06-30 10810002 d:LeasedAssetsHeldAsLessee 2023-06-30 10810002 e:PoundSterling 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure

Registered number: 10810002









FRENCHES FARM LIVERY LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

 
FRENCHES FARM LIVERY LIMITED
REGISTERED NUMBER: 10810002

BALANCE SHEET
AS AT 30 JUNE 2024

2024
2023
                                                                     Note
£
£

Fixed assets
  

Tangible assets
 4 
712,216
769,113

  
712,216
769,113

Current assets
  

Debtors: amounts falling due within one year
 5 
703
445

Cash at bank and in hand
 6 
110
72

  
813
517

Creditors: amounts falling due within one year
 7 
(1,274,996)
(991,580)

Net current liabilities
  
 
 
(1,274,183)
 
 
(991,063)

Total assets less current liabilities
  
(561,967)
(221,950)

Creditors: amounts falling due after more than one year
 8 
(195,880)
(238,915)

  

Net liabilities
  
(757,847)
(460,865)


Capital and reserves
  

Called up share capital 
  
11
11

Profit and loss account
  
(757,858)
(460,876)

  
(757,847)
(460,865)


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.
 
Page 1

 
FRENCHES FARM LIVERY LIMITED
REGISTERED NUMBER: 10810002
    
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2024


The financial statements were approved and authorised for issue by the board and were signed on its behalf on 10 March 2025.




R L Payne
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
FRENCHES FARM LIVERY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

Frenches Farm Livery Limited is a company limited by shares, incorporated in England and Wales. Its registered office is Frenches Farm, Oxen End, Little Bardfield, Braintree, CM7 4PU.
The principal activity of the company continues to be that of livery services.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Interest income

Interest income is recognised in the Statement of income and retained earnings using the effective interest method.

 
2.4

Finance costs

Finance costs are charged to the Statement of income and retained earnings over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 3

 
FRENCHES FARM LIVERY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Short-term leasehold property
-
5%
Straight line basis
Plant and machinery
-
20%
Straight line basis
Motor vehicles
-
25%
Reducing balance basis
Fixtures and fittings
-
20%
Straight line basis
Other fixed assets
-
25%
Reducing balance basis

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of income and retained earnings.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.9

Financial instruments

Enter text here - user input
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Page 4

 
FRENCHES FARM LIVERY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).


4.


Tangible fixed assets





Short-term leasehold property
Plant and machinery
Motor vehicles
Fixtures and fittings
Other fixed assets

£
£
£
£
£



Cost or valuation


At 1 July 2023
224,103
103,915
355,000
36,524
310,000


Additions
7,419
41,517
-
-
90,000


Disposals
-
(32,000)
-
-
-



At 30 June 2024

231,522
113,432
355,000
36,524
400,000



Depreciation


At 1 July 2023
16,298
69,506
94,297
33,661
46,667


Charge for the year on owned assets
11,337
12,344
71,000
1,444
67,708



At 30 June 2024

27,635
81,850
165,297
35,105
114,375



Net book value



At 30 June 2024
203,887
31,582
189,703
1,419
285,625



At 30 June 2023
207,805
34,409
260,703
2,863
263,333
Page 5

 
FRENCHES FARM LIVERY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

           4.Tangible fixed assets (continued)


Total

£



Cost or valuation


At 1 July 2023
1,029,542


Additions
138,936


Disposals
(32,000)



At 30 June 2024

1,136,478



Depreciation


At 1 July 2023
260,429


Charge for the year on owned assets
163,833



At 30 June 2024

424,262



Net book value



At 30 June 2024
712,216



At 30 June 2023
769,113

Page 6

 
FRENCHES FARM LIVERY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

           4.Tangible fixed assets (continued)

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2024
2023
£
£



Motor vehicles
189,703
260,703

189,703
260,703


5.


Debtors

2024
2023
£
£


Trade debtors
-
434

Other debtors
703
11

703
445



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
110
72

110
72



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
6,659
18,376

Other taxation and social security
-
701

Obligations under finance lease and hire purchase contracts
43,000
43,000

Other creditors
1,221,037
924,503

Accruals and deferred income
4,300
5,000

1,274,996
991,580


Page 7

 
FRENCHES FARM LIVERY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Net obligations under finance leases and hire purchase contracts
195,880
238,915

195,880
238,915



9.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2024
2023
£
£


Within one year
43,000
43,000

Between 1-5 years
195,880
238,915

238,880
281,915

 
Page 8