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REGISTERED NUMBER: 04252742 (England and Wales)












BARKERS FARMS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024






BARKERS FARMS LIMITED (REGISTERED NUMBER: 04252742)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BARKERS FARMS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







Directors: Mr P M Barker
Mr M P Barker
Mrs H L Barker
Mrs E A Barker





Secretary: Mr M P Barker





Registered office: Hillam House Farm
Hillam Lane
Cockerham
LANCASTER
LA2 0DY





Business address: Cotestones Farm
Sand Lane
Warton
CARNFORTH
LA5 9NH





Registered number: 04252742 (England and Wales)





Accountants: Xeinadin
Dalton House
9 Dalton Square
LANCASTER
LA1 1WD

BARKERS FARMS LIMITED (REGISTERED NUMBER: 04252742)

BALANCE SHEET
31 JULY 2024

2024 2023
Notes £    £    £   
Fixed assets
Tangible assets 4 813,170 691,580

Current assets
Stocks 406,316 392,260
Debtors 5 119,001 137,959
Cash at bank 27,793 146,948
553,110 677,167
Creditors
Amounts falling due within one year 6 808,074 534,454
Net current (liabilities)/assets (254,964 ) 142,713
Total assets less current liabilities 558,206 834,293

Creditors
Amounts falling due after more than one
year

7

(467,870

)

(702,642

)

Provisions for liabilities (60,317 ) (70,566 )
Net assets 30,019 61,085

Capital and reserves
Called up share capital 200 200
Retained earnings 29,819 60,885
30,019 61,085

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

BARKERS FARMS LIMITED (REGISTERED NUMBER: 04252742)

BALANCE SHEET - continued
31 JULY 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 April 2025 and were signed on its behalf by:





Mrs H L Barker - Director


BARKERS FARMS LIMITED (REGISTERED NUMBER: 04252742)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024


1. Statutory information

Barkers 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
The financial statements have been prepared on a going concern basis, despite there being net liabilities at the balance sheet date, as the directors have confirmed that they are willing to continue to support the company for the foreseeable future.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable, for goods and services provided in the normal course of business, net of discounts, rebates, value added tax and other sales taxes.

Turnover is recognised at a point in time when a performance obligation is satisfied by transferring a good or service to the customer.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Tenants' improvements - 2% Straight line
Plant and machinery etc - 25% Reducing balance and 15% Reducing balance

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Stocks
Stock is valued at the lower of cost and net realisable value.
Cost is calculated at either purchase price or 60% of market value for home bred cattle.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 balance sheet date.


BARKERS FARMS LIMITED (REGISTERED NUMBER: 04252742)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024


2. Accounting policies - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 year 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.

3. Employees and directors

The average number of employees during the year was 7 (2023 - 7 ) .

4. Tangible fixed assets
Plant and
Tenants' machinery
improvements etc Totals
£    £    £   
Cost
At 1 August 2023 449,183 909,628 1,358,811
Additions 106,759 88,746 195,505
Disposals - (6,950 ) (6,950 )
At 31 July 2024 555,942 991,424 1,547,366
Depreciation
At 1 August 2023 88,821 578,410 667,231
Charge for year 10,105 60,726 70,831
Eliminated on disposal - (3,866 ) (3,866 )
At 31 July 2024 98,926 635,270 734,196
Net book value
At 31 July 2024 457,016 356,154 813,170
At 31 July 2023 360,362 331,218 691,580

5. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 94,092 84,305
Other debtors 24,909 53,654
119,001 137,959

BARKERS FARMS LIMITED (REGISTERED NUMBER: 04252742)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024


6. Creditors: amounts falling due within one year
2024 2023
£    £   
Bank loans and overdrafts 35,000 45,000
Hire purchase contracts 7,625 9,150
Trade creditors 79,652 89,577
Taxation and social security 1,349 1,671
Other creditors 684,448 389,056
808,074 534,454

7. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Bank loans 217,481 244,628
Hire purchase contracts - 7,625
Other creditors 250,389 450,389
467,870 702,642

Amounts falling due in more than five years:

Repayable otherwise than by instalments
A E Barker Will Trust 250,389 250,389

8. Secured debts

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 252,481 289,628

The bank loan is secured by fixed and floating charges over the company's assets

9. Related party disclosures

During the year £2,000 interest has been paid on the directors loans received from the directors (Interest paid in 2023 was £2,000)

During the year 5% interest has been paid on a loan from the A E Barker Will Trust. One or more of the directors is a trustee and potential beneficiary of this trust (5% Interest was paid in 2023)