Caseware UK (AP4) 2024.0.164 2024.0.164 2024-04-302024-04-30truefalse2023-05-01falseNo description of principal activity11trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 08989736 2023-05-01 2024-04-30 08989736 2022-05-01 2023-04-30 08989736 2024-04-30 08989736 2023-04-30 08989736 c:Director1 2023-05-01 2024-04-30 08989736 c:RegisteredOffice 2023-05-01 2024-04-30 08989736 d:Buildings 2023-05-01 2024-04-30 08989736 d:Buildings 2024-04-30 08989736 d:Buildings 2023-04-30 08989736 d:CurrentFinancialInstruments 2024-04-30 08989736 d:CurrentFinancialInstruments 2023-04-30 08989736 d:Non-currentFinancialInstruments 2024-04-30 08989736 d:Non-currentFinancialInstruments 2023-04-30 08989736 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 08989736 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 08989736 d:Non-currentFinancialInstruments d:AfterOneYear 2024-04-30 08989736 d:Non-currentFinancialInstruments d:AfterOneYear 2023-04-30 08989736 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-04-30 08989736 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-04-30 08989736 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-04-30 08989736 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-04-30 08989736 d:ShareCapital 2024-04-30 08989736 d:ShareCapital 2023-04-30 08989736 d:RetainedEarningsAccumulatedLosses 2024-04-30 08989736 d:RetainedEarningsAccumulatedLosses 2023-04-30 08989736 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2024-04-30 08989736 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-04-30 08989736 c:FRS102 2023-05-01 2024-04-30 08989736 c:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 08989736 c:FullAccounts 2023-05-01 2024-04-30 08989736 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 08989736 e:PoundSterling 2023-05-01 2024-04-30 iso4217:GBP xbrli:pure

Registered number:  08989736














FARMLY FOODS LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024


 
FARMLY FOODS LIMITED
 
 
COMPANY INFORMATION


Director
G J White 




Registered number
08989736



Registered office
15 Station Road
Thurstaston

Wirral

CH61 0HN





 
FARMLY FOODS LIMITED
 

CONTENTS



Page
Balance sheet
 
1 - 2
Notes to the financial statements
 
3 - 8


 
FARMLY FOODS LIMITED
REGISTERED NUMBER: 08989736

BALANCE SHEET
AS AT 30 APRIL 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
-
150,000

  
-
150,000

Current assets
  

Stocks
  
4,946
-

Debtors: amounts falling due within one year
 5 
304
573

Cash at bank and in hand
 6 
123,941
2,748

  
129,191
3,321

Creditors: amounts falling due within one year
 7 
(23,769)
(88,576)

Net current assets/(liabilities)
  
 
 
105,422
 
 
(85,255)

Total assets less current liabilities
  
105,422
64,745

Creditors: amounts falling due after more than one year
 8 
(33,038)
-

  

Net assets
  
72,384
64,745


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
72,284
64,645

  
72,384
64,745


Page 1

 
FARMLY FOODS LIMITED
REGISTERED NUMBER: 08989736
    
BALANCE SHEET (CONTINUED)
AS AT 30 APRIL 2024

The director considers 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 director acknowledges his 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.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




G J White
Director

Date: 17 April 2025

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

Page 2

 
FARMLY FOODS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.


General information

The Company is a private company limited by shares, which is incorporated under the Companies Act 2006 and registered in England. The registered office address is 15 Station Road, Thurstaston, Wirral, CH61 0HN and its company number is 08989736.
These financial statements present information about the Company as an individual undertaking; it is not a member of a group of companies. The principal activity of the Company is property rental.

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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Finance costs

Finance costs are charged to profit or loss 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.

 
2.3

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.


 
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.

Page 3

 
FARMLY FOODS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)


2.5
Tangible fixed assets (continued)

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:

Freehold property
-
No depreciation charged

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 profit or loss.

 
2.6

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.7

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.

 
2.8

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.

 
2.9

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.

 
2.10

Financial instruments

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

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

Page 4

 
FARMLY FOODS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)


2.10
Financial instruments (continued)

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

 
2.11

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).

Page 5

 
FARMLY FOODS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

4.


Tangible fixed assets





Freehold property

£





At 1 May 2023
150,000


Disposals
(150,000)



At 30 April 2024

-






Net book value



At 30 April 2024
-



At 30 April 2023
150,000


5.


Debtors

2024
2023
£
£


Other debtors
304
304

Prepayments and accrued income
-
269

304
573



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
123,941
2,748

123,941
2,748


Page 6

 
FARMLY FOODS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
4,949
-

Corporation tax
3,502
4,193

Other creditors
13,450
83,475

Accruals and deferred income
1,868
908

23,769
88,576



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
33,038
-

33,038
-



9.


Loans


2024
2023
£
£

Amounts falling due within one year

Bank loans
4,949
-

Amounts falling due 1-2 years

Bank loans
6,494
-

Amounts falling due 2-5 years

Bank loans
26,544
-


37,987
-


Page 7

 
FARMLY FOODS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

10.


Financial instruments

2024
2023
£
£

Financial assets


Financial assets measured at fair value through profit or loss
123,941
2,748




Financial assets measured at fair value through profit or loss comprise cash at bank and in hand.


11.


Related party transactions

G J White, a director during the year, operates a current account with the company to which all transactions of a private nature are charged. Included in other creditors as at 30th April 2024 is £430 (2023 - £72,532) due to G J White.

 
Page 8