Company Registration No. 12112639 (England and Wales)
Airfield Farm Limited
Unaudited accounts
for the year ended 31 July 2024
Airfield Farm Limited
Unaudited accounts
Contents
Airfield Farm Limited
Company Information
for the year ended 31 July 2024
Company Number
12112639 (England and Wales)
Registered Office
Airfield Farm Cottage
Monewden
Woodbridge
IP13 7DF
England
Accountants
ABBEYGATE ACCOUNTANCY LTD
UNIT 27 STATION HILL
THURSTON
BURY ST. EDMUNDS
ENGLAND
IP31 3QU
Airfield Farm Limited
Accountants' report
Accountants' report to the director of Airfield Farm Limited (the company)
These financial statements have been prepared in accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Acts that relate to preparing the financial statements of the company for the year ended 31 July 2024.
We have prepared these financial statements based on the accounting records, information and explanations provided by you. We do not express any opinion on the financial statements.
On the balance sheet you have acknowledged your duties under the prevailing Companies Acts to ensure that the company keeps adequate accounting records and prepares financial statements that give "a true and fair view".
You have determined that the company is exempt from the statutory requirement for an audit for the year ended 31 July 2024. Therefore, the financial statements are unaudited.
The financial statements are provided exclusively to the director for the limited purpose mentioned above, and may not be used or relied upon for any other purpose or by any other person, and we shall not be liable for any other usage or reliance.
ABBEYGATE ACCOUNTANCY LTD
UNIT 27 STATION HILL
THURSTON
BURY ST. EDMUNDS
ENGLAND
IP31 3QU
15 April 2025
Airfield Farm Limited
Statement of financial position
as at 31 July 2024
Tangible assets
78,594
34,517
Cash at bank and in hand
589
1,795
Creditors: amounts falling due within one year
(89,917)
(38,466)
Net current (liabilities)/assets
(56,594)
6,711
Total assets less current liabilities
22,000
41,228
Creditors: amounts falling due after more than one year
(39,673)
(37,436)
Provisions for liabilities
Deferred tax
(10,695)
(1,345)
Net (liabilities)/assets
(28,368)
2,447
Called up share capital
100
100
Profit and loss account
(28,468)
2,347
Shareholders' funds
(28,368)
2,447
For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 18 April 2025 and were signed on its behalf by
Stephen Eustace
Director
Company Registration No. 12112639
Airfield Farm Limited
Notes to the Accounts
for the year ended 31 July 2024
Airfield Farm Limited is a private company, limited by shares, registered in England and Wales, registration number 12112639. The registered office is Airfield Farm Cottage, Monewden, Woodbridge, IP13 7DF, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
10% Reducing balance
Plant & machinery
15% Reducing balance
Motor vehicles
25% Reducing balance
Computer equipment
25% Reducing balance
4
Tangible fixed assets
Land & buildings
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 August 2023
7,519
34,215
-
41,734
Additions
-
57,294
290
57,584
At 31 July 2024
7,519
91,509
290
99,318
At 1 August 2023
1,492
5,725
-
7,217
Charge for the year
603
12,868
36
13,507
At 31 July 2024
2,095
18,593
36
20,724
At 31 July 2024
5,424
72,916
254
78,594
At 31 July 2023
6,027
28,490
-
34,517
Airfield Farm Limited
Notes to the Accounts
for the year ended 31 July 2024
Amounts falling due within one year
Accrued income and prepayments
8,467
8,467
Other debtors
24,267
34,915
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
10,000
10,000
Obligations under finance leases and hire purchase contracts
15,042
7,686
Trade creditors
7,828
2,207
Taxes and social security
419
419
Loans from directors
54,407
15,218
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
20,297
10,769
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).