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REGISTERED NUMBER: 04417678 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 MAY 2023 TO 29 APRIL 2024

FOR

JTH FARMS LIMITED

JTH FARMS LIMITED (REGISTERED NUMBER: 04417678)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Period 1 May 2023 to 29 April 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


JTH FARMS LIMITED

COMPANY INFORMATION
for the Period 1 May 2023 to 29 April 2024







DIRECTOR: J Hodge





SECRETARY: Mrs S Hodge





REGISTERED OFFICE: Douglas Bank House
Wigan Lane
Wigan
Lancashire
WN1 2TB





REGISTERED NUMBER: 04417678 (England and Wales)





ACCOUNTANTS: Fairhurst Accountants Ltd
Chartered Accountants
Douglas Bank House
Wigan Lane
Wigan
Lancashire
WN1 2TB

JTH FARMS LIMITED (REGISTERED NUMBER: 04417678)

STATEMENT OF FINANCIAL POSITION
29 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,459,659 2,535,021

CURRENT ASSETS
Stocks 440,875 467,747
Debtors 5 230,898 233,184
Cash at bank 1,649,594 1,540,192
2,321,367 2,241,123
CREDITORS
Amounts falling due within one year 6 930,161 1,126,177
NET CURRENT ASSETS 1,391,206 1,114,946
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,850,865

3,649,967

PROVISIONS FOR LIABILITIES 244,262 259,014
NET ASSETS 3,606,603 3,390,953

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 3,606,601 3,390,951
SHAREHOLDERS' FUNDS 3,606,603 3,390,953

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 29 April 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 29 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

JTH FARMS LIMITED (REGISTERED NUMBER: 04417678)

STATEMENT OF FINANCIAL POSITION - continued
29 April 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 director and authorised for issue on 15 April 2025 and were signed by:





J Hodge - Director


JTH FARMS LIMITED (REGISTERED NUMBER: 04417678)

NOTES TO THE FINANCIAL STATEMENTS
for the Period 1 May 2023 to 29 April 2024

1. STATUTORY INFORMATION

JTH Farms Limited 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.

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 principal accounting policies used in the preparation of the financial statements are set out below.

Turnover
Turnover is measured at the fair value of the consideration receivable excluding discounts, rebates and value added tax.

Turnover is recognised at the point that the customer receives the goods.

Tangible fixed assets
Tangible fixed assets are stated cost less depreciation.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold land and buildings - 1% on cost

Plant and machinery etc - 15% and 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and estimated selling price less costs to sell.

Financial instruments
The company has elected to apply the provisions of FRS 102 Section 11 'Basic Financial Instruments' to all of its financial instruments.

The following assets and liabilities are classified as financial instruments; bank accounts, trade debtors, director's loan accounts, trade creditors, hire purchase creditors and accruals,

Debt instruments that are payable or receivable within one year, typically bank accounts, trade debtors, director's loan accounts, trade creditors, hire purchase and accruals are measured initially and subsequently at the undiscounted amount of the cash that is expected to be paid or received.

Financial instruments repayable in more than one year such as hire purchase agreements are initially measured at present value of the future payments and subsequently at amortised cost using the effective interest method unless the effect of discounting would be immaterial.


JTH FARMS LIMITED (REGISTERED NUMBER: 04417678)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Period 1 May 2023 to 29 April 2024

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the period 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 period 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
Assets obtained under hire purchase contracts are capitalised in the balance sheet and depreciated over their estimated useful lives. The interest element of these obligations is charged to the income statement over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the income statement on a straight line basis over the period of the lease.

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 period was 8 (2023 - 10 ) .

JTH FARMS LIMITED (REGISTERED NUMBER: 04417678)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Period 1 May 2023 to 29 April 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 May 2023 1,991,033 1,691,107 3,682,140
Additions - 57,950 57,950
At 29 April 2024 1,991,033 1,749,057 3,740,090
DEPRECIATION
At 1 May 2023 152,820 994,299 1,147,119
Charge for period 19,681 113,631 133,312
At 29 April 2024 172,501 1,107,930 1,280,431
NET BOOK VALUE
At 29 April 2024 1,818,532 641,127 2,459,659
At 30 April 2023 1,838,213 696,808 2,535,021

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 101,123 71,624
Other debtors 129,775 161,560
230,898 233,184

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 282,011 522,300
Taxation and social security 113,533 106,218
Other creditors 534,617 497,659
930,161 1,126,177

7. RELATED PARTY DISCLOSURES

Mr J Hodge
Shareholder and director

Included in other creditors is £358,506 (2023: £340,127) due to the director. This amount is unsecured, interest free and repayable on demand.