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Registration number: 04969594

R.J. Cardwell (Farmers) Limited

Unaudited Filleted Abridged Financial Statements

for the Year Ended 30 November 2024

 

R.J. Cardwell (Farmers) Limited

Contents

Company Information

1

Abridged Balance Sheet

2 to 3

Notes to the Unaudited Abridged Financial Statements

4 to 7

 

R.J. Cardwell (Farmers) Limited

Company Information

Director

Mr Richard John Cardwell

Company secretary

Mrs Pamela Cardwell

Registered office

9 Chapel Street
Poulton-Le-Fylde
Lancashire
FY6 7BQ

Accountants

Rawcliffe & Co Ltd
Chartered accountants9 Chapel Street
Poulton-Le-Fylde
Lancashire
FY6 7BQ

 

R.J. Cardwell (Farmers) Limited

(Registration number: 04969594)
Abridged Balance Sheet as at 30 November 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

55,970

50,606

Current assets

 

Stocks

140,000

140,000

Debtors

4,465

4,109

Cash at bank and in hand

 

17,945

15,836

 

162,410

159,945

Prepayments and accrued income

 

587

717

Creditors: Amounts falling due within one year

(349,013)

(309,554)

Net current liabilities

 

(186,016)

(148,892)

Total assets less current liabilities

 

(130,046)

(98,286)

Creditors: Amounts falling due after more than one year

(11,359)

(13,488)

Accruals and deferred income

 

(2,376)

(28,700)

Net liabilities

 

(143,781)

(140,474)

Capital and reserves

 

Called up share capital

5

100

100

Retained earnings

(143,881)

(140,574)

Shareholders' deficit

 

(143,781)

(140,474)

 

R.J. Cardwell (Farmers) Limited

(Registration number: 04969594)
Abridged Balance Sheet as at 30 November 2024

For the financial year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 19 May 2025
 

.........................................
Mr Richard John Cardwell
Director

   
     
 

R.J. Cardwell (Farmers) Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 November 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
9 Chapel Street
Poulton-Le-Fylde
Lancashire
FY6 7BQ
England

These financial statements were authorised for issue by the director on 19 May 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

R.J. Cardwell (Farmers) Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 November 2024

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

20% reducing balance

Tractors

15% reducing balance

Motor vehicles

25% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are 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.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

R.J. Cardwell (Farmers) Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 November 2024

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2023 - 2).

4

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Motor vehicles
 £

Other tangible assets
£

Cost or valuation

At 1 December 2023

23,017

91,154

4,500

49,556

Additions

-

-

2,995

9,440

At 30 November 2024

23,017

91,154

7,495

58,996

Depreciation

At 1 December 2023

-

68,873

3,885

44,863

Charge for the year

-

3,342

902

2,827

At 30 November 2024

-

72,215

4,787

47,690

Carrying amount

At 30 November 2024

23,017

18,939

2,708

11,306

At 30 November 2023

23,017

22,281

615

4,693

 

R.J. Cardwell (Farmers) Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 November 2024

Total
£

Cost or valuation

At 1 December 2023

168,227

Additions

12,435

At 30 November 2024

180,662

Depreciation

At 1 December 2023

117,621

Charge for the year

7,071

At 30 November 2024

124,692

Carrying amount

At 30 November 2024

55,970

At 30 November 2023

50,606

Included within the net book value of land and buildings above is £3,404 (2023 - £3,404) in respect of freehold land and buildings and £19,613 (2023 - £19,613) in respect of long leasehold land and buildings.
 

5

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

100

100

100

100