Registered number
12638531
Holmside Farm Fresh Limited
Filleted Accounts
30 June 2024
Holmside Farm Fresh Limited
Registered number: 12638531
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 16,505 16,484
Current assets
Stocks 7,555 8,572
Debtors 4 1,219 1,198
Cash at bank and in hand 14,464 17,831
23,238 27,601
Creditors: amounts falling due within one year 5 (44,349) (36,978)
Net current liabilities (21,111) (9,377)
Total assets less current liabilities (4,606) 7,107
Provisions for liabilities - (3,131)
Net (liabilities)/assets (4,606) 3,976
Capital and reserves
Called up share capital 100 100
Profit and loss account (4,706) 3,876
Shareholders' funds (4,606) 3,976
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mrs J Richardson
Director
Approved by the board on 21 March 2025
Holmside Farm Fresh Limited
Notes to the Accounts
for the year ended 30 June 2024
1 Accounting policies
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).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery Straight Line
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is the invoice price).
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 3
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 July 2023 23,181
Additions 5,026
At 30 June 2024 28,207
Depreciation
At 1 July 2023 6,697
Charge for the year 5,005
At 30 June 2024 11,702
Net book value
At 30 June 2024 16,505
At 30 June 2023 16,484
4 Debtors 2024 2023
£ £
Other debtors 1,219 1,198
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 18,776 12,148
Taxation and social security costs 892 149
Other creditors 24,681 24,681
44,349 36,978
6 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
J W Richardson
Directors loan account 24,681 - - 24,681
24,681 - - 24,681
7 Controlling party
The company is controlled by its directors.
8 Other information
Holmside Farm Fresh Limited is a private company limited by shares and incorporated in England. Its registered office is:
Whiteside Farm
Holmeside
Near Burnhope
Co Durham
DH7 0DR
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