for the Period Ended 30 April 2024
Company Information - 3 | |
Balance sheet - 4 | |
Additional notes - 6 | |
Balance sheet notes - 10 |
for the Period Ended 30 April 2024
Registered office: |
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Company Registration Number: |
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As at
Notes |
2024 £ |
2023 £ |
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Fixed assets | |||
Intangible assets: | 4 |
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Tangible assets: | 5 |
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Total fixed assets: |
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Current assets | |||
Stocks: |
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Debtors: |
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Cash at bank and in hand: |
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Total current assets: |
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Prepayments and accrued income: |
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Creditors: amounts falling due within one year: |
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( |
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Net current assets (liabilities): |
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Total assets less current liabilities: |
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Creditors: amounts falling due after more than one year: | 6 |
( |
( |
Provision for liabilities: |
( |
( |
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Accruals and deferred income: |
( |
( |
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Total net assets (liabilities): |
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The notes form part of these financial statements
As at 30 April 2024
Notes |
2024 £ |
2023 £ |
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Capital and reserves | |||
Called up share capital: |
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Profit and loss account: |
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Shareholders funds: |
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This report was approved by the board of directors on
And Signed On Behalf Of The Board By:
Name:
Status: Director
The notes form part of these financial statements
for the Period Ended 30 April 2024
Basis of measurement and preparation
Turnover policy
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair
value of consideration takes into account trade discounts, settlement discounts and volume rebates.
When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.
Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.
Tangible fixed assets depreciation policy
An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in
equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Freehold land and buildings 1% straight line, Plant and equipment 25% straight line, Fixtures and fittings 25% straight line, Motor vehicles 25% straight line,Equipment 25% straight line, Fencing, drainage & landscaping 10% straight line.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
for the Period Ended 30 April 2024
Intangible fixed assets amortisation policy
Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the
asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.
Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Development costs 2% straight line
for the Period Ended 30 April 2024
2024 |
2023 |
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Average number of employees during the period |
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for the Period Ended 30 April 2024
for the Period Ended 30 April 2024
Total | |
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Cost | £ |
At 01 May 2023 |
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Additions |
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Disposals |
( |
Revaluations |
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Transfers |
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At 30 April 2024 |
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Amortisation | |
Amortisation at 01 May 2023 |
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Charge for year |
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On disposals |
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Other adjustments |
( |
Amortisation at 30 April 2024 |
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Net book value | |
Net book value at 30 April 2024 |
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Net book value at 30 April 2023 |
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for the Period Ended 30 April 2024
Total | |
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Cost | £ |
At 01 May 2023 |
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Additions |
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Disposals |
( |
Revaluations |
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Transfers |
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At 30 April 2024 |
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Depreciation | |
At 01 May 2023 |
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Charge for year |
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On disposals |
( |
Other adjustments |
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At 30 April 2024 |
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Net book value | |
At 30 April 2024 |
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At 30 April 2023 |
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for the Period Ended 30 April 2024
Farm, West Harting, Petersfield, Hampshire.
The mortgage is repayable at £5,660 per quarter including interest of 3.36% and is repayable by 1 June 2040.
Creditors which fall due after five years are as follows:
Payable by instalments 2024 £195,628 2023 £211,362