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REGISTERED NUMBER: 06185172 (England and Wales)















Financial Statements for the Year Ended 31 December 2024

for

F A Broadwith & Sons Limited

F A Broadwith & Sons Limited (Registered number: 06185172)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


F A Broadwith & Sons Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: Mr Christopher Frederick Broadwith
Mr Giles Frederick Broadwith



REGISTERED OFFICE: Low Barn Farm
Thornton Watlass
Ripon
North Yorkshire
HG4 4AR



REGISTERED NUMBER: 06185172 (England and Wales)



ACCOUNTANTS: Yorkshire Accountants Ripon
Eva Lett House
1 South Crescent
Ripon
North Yorkshire
HG4 1SN



BANKERS: Barclays Bank plc
Bedale Branch
18A North End
Bedale
North Yorkshire
DL8 1AD

F A Broadwith & Sons Limited (Registered number: 06185172)

Balance Sheet
31 December 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - 1
Tangible assets 5 207,817 181,443
Sheep production flock 6 42,134 42,533
249,951 223,977

CURRENT ASSETS
Stocks 7 250,505 233,760
Debtors 8 78,363 29,005
Cash at bank 129,006 124,248
457,874 387,013
CREDITORS
Amounts falling due within one year 9 167,941 167,344
NET CURRENT ASSETS 289,933 219,669
TOTAL ASSETS LESS CURRENT
LIABILITIES

539,884

443,646

PROVISIONS FOR LIABILITIES 39,797 25,933
NET ASSETS 500,087 417,713

CAPITAL AND RESERVES
Called up share capital 50,000 50,000
Retained earnings 450,087 367,713
SHAREHOLDERS' FUNDS 500,087 417,713

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

F A Broadwith & Sons Limited (Registered number: 06185172)

Balance Sheet - continued
31 December 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 Board of Directors and authorised for issue on 22 May 2025 and were signed on its behalf by:





Mr Christopher Frederick Broadwith - Director


F A Broadwith & Sons Limited (Registered number: 06185172)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

F A Broadwith & Sons 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.

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

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Single farm payment are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Tenant improvements - 10% on cost
Plant and machinery - 15% on reducing balance
Farm implements - 15% to 25% on reducing balance
Trailers - 15% on reducing balance
Tractors - 25% on reducing balance
Motor Vehicles - 25% on reducing balance
Office equipment - 20% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year 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 balance sheet date.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

F A Broadwith & Sons Limited (Registered number: 06185172)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

2. ACCOUNTING POLICIES - continued

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 year was 2 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Single
farm
payment
£   
COST
At 1 January 2024
and 31 December 2024 70,000
AMORTISATION
At 1 January 2024 69,999
Amortisation for year 1
At 31 December 2024 70,000
NET BOOK VALUE
At 31 December 2024 -
At 31 December 2023 1

5. TANGIBLE FIXED ASSETS
Tenant Plant and Farm
improvements machinery implements Trailers
£    £    £    £   
COST
At 1 January 2024 112,062 47,164 121,457 35,675
Additions - 5,127 - -
Disposals - - - -
At 31 December 2024 112,062 52,291 121,457 35,675
DEPRECIATION
At 1 January 2024 69,403 30,274 63,473 23,849
Charge for year 8,099 2,763 9,658 1,775
Eliminated on disposal - - - -
At 31 December 2024 77,502 33,037 73,131 25,624
NET BOOK VALUE
At 31 December 2024 34,560 19,254 48,326 10,051
At 31 December 2023 42,659 16,890 57,984 11,826

F A Broadwith & Sons Limited (Registered number: 06185172)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

5. TANGIBLE FIXED ASSETS - continued

Motor Office
Tractors Vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2024 114,657 32,000 718 463,733
Additions 76,230 - - 81,357
Disposals (54,157 ) - - (54,157 )
At 31 December 2024 136,730 32,000 718 490,933
DEPRECIATION
At 1 January 2024 86,585 8,000 706 282,290
Charge for year 18,417 6,000 4 46,716
Eliminated on disposal (45,890 ) - - (45,890 )
At 31 December 2024 59,112 14,000 710 283,116
NET BOOK VALUE
At 31 December 2024 77,618 18,000 8 207,817
At 31 December 2023 28,072 24,000 12 181,443

6. SHEEP PRODUCTION FLOCK
Other
investments
£   
COST
At 1 January 2024 42,533
Disposals (399 )
At 31 December 2024 42,134
NET BOOK VALUE
At 31 December 2024 42,134
At 31 December 2023 42,533

7. STOCKS
2024 2023
£    £   
Livestock 239,870 216,625
Deadstock 9,740 13,710
Consumable stock 895 1,575
Growing crops - 1,850
250,505 233,760

F A Broadwith & Sons Limited (Registered number: 06185172)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade Debtors 67,285 21,012
Prepayments 11,078 7,993
78,363 29,005

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade Creditors 8,999 15,979
Corporation tax 24,380 10,207
Social security and VAT 5,253 2,537
Directors' current accounts 124,314 133,215
Accrued expenses 4,995 5,406
167,941 167,344