Registered number
02225084
B & W Farms Limited
Filleted Accounts
30 September 2024
B & W Farms Limited
Registered number: 02225084
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 808 883
Current assets
Debtors 4 65,249 53,360
Cash at bank and in hand 7,734 3,654
72,983 57,014
Creditors: amounts falling due within one year 5 (60,821) (13,122)
Net current liabilities 12,162 43,892
Total assets less current liabilities 12,970 44,775
Creditors: amounts falling due after more than one year 6 (1,700) (3,140)
Net liabitlities 11,270 41,635
Capital and reserves
Called up share capital 2 2
Profit and loss account 11,268 41,633
Shareholders' funds 11,270 41,635
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
G.N.R. Brett
Director
Approved by the board on 4 April 2025
B & W Farms Limited
Notes to the Accounts
for the year ended 30 September 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 20% on cost
Fixtures, fittings, tools and equipment 20% on cost
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Fixtures, fittings and equipment Total
£ £
Cost
At 1 October 2023 5,003 5,003
Additions 762 762
At 30 September 2024 5,765 5,765
Depreciation
At 1 October 2023 4,120 4,120
Charge for the year 837 837
At 30 September 2024 4,957 4,957
Net book value
At 30 September 2024 808 808
At 30 September 2023 883 883
4 Debtors 2024 2023
£ £
Trade debtors 32,590 5,761
Other debtors 32,659 47,599
65,249 53,360
5 Creditors: amounts falling due within one year 2024 2023
£ £
Other loans 1,440 1,560
Trade creditors - 38
Taxation and social security costs - 10,524
Other creditors 59,381 1,000
60,821 13,122
6 Creditors: amounts falling due after one year 2024 2023
£ £
Other loans 1,700 3,140
7 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
G.N.R. Brett 47,599 - (47,599) -
47,599 - (47,599) -
8 Other information
B & W Farms Limited is a private company limited by shares and incorporated in England. Its registered office is:
11 Monkhams Drive
Watton
Thetford
Norfolk
IP25 6PE
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