Registered number
04039617
So Feed Me Limited
Report and Accounts
31 March 2025
So Feed Me Limited
Registered number: 04039617
Balance Sheet
as at 31 March 2025
31st March 31st March
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 175,590 183,905
Current assets
Debtors 4 27,560 16,398
Cash at bank and in hand 214,967 249,935
242,527 266,333
Creditors: amounts falling due within one year 5 (68,001) (71,757)
Net current assets 174,526 194,576
Total assets less current liabilities 350,116 378,481
Creditors: amounts falling due after more than one year 6 (9,854) (20,004)
Provisions for liabilities 7 (25,822) (27,629)
Net assets 314,440 330,848
Capital and reserves
Called up share capital 1,000 1,000
Revaluation reserve 8 47,879 47,879
Profit and loss account 265,561 281,969
Shareholder's funds 314,440 330,848
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.
Mr DA Bell
Director
Approved by the board on 30 June 2025
So Feed Me Limited
Notes to the Accounts
for the year ended 31 March 2025
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. Freehold property has been valued at market value by the director using a valuation technique. Depreciation is provided on all tangible fixed assets, except 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 10% 20% and 33.33% reducing balance
Motor vehicles 5% 10% 20% and 50% reducing balance
Freehold buildings 2% straight line
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Deferred tax has been provided on the revaluation of the freehold property at the rate expected to apply when the property is eventually sold. Deferred tax on plant and machinery is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference. Current and deferred tax liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
31st March 31st March
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 3 3
3 Tangible fixed assets
Land and buildings Plant and machinery Motor vehicles Total
£ £ £ £
Cost
At 1 April 2024 125,000 30,542 267,528 423,070
At 31 March 2025 125,000 30,542 267,528 423,070
Depreciation
At 1 April 2024 3,833 28,652 206,680 239,165
Charge for the year 833 770 6,712 8,315
At 31 March 2025 4,666 29,422 213,392 247,480
Net book value
At 31 March 2025 120,334 1,120 54,136 175,590
At 31 March 2024 121,167 1,890 60,848 183,905
31st March 31st March
4 Debtors 2025 2024
£ £
Trade debtors 25,568 15,283
Other debtors 1,992 1,115
27,560 16,398
5 Creditors: amounts falling due within one year
Bank loan 9,898 9,898
Other taxation and social security costs 23,373 44,476
Accrued expenses 5,269 4,629
Director's loan account 29,461 12,754
68,001 71,757
6 Creditors: amounts falling due after more than one year
Bank loan 9,854 20,004
9,854 20,004
31st March 31st March
7 Provision for liabilities 2025 2024
£ £
Deferred taxation:
Accelerated capital allowance and revaluation of land and buildings
At 1 April 2024 27,629 17,243
Deferred tax charge in profit and loss account (1,807) 10,386
At 31 March 2025 25,822 27,629
8 Revaluation reserve
At 1 April 2024 47,879 20,962
Gain on revaluation of land and buildings - 35,000
Deferred taxation arising on the revaluation of land and buildings - (8,083)
At 31 March 2025 47,879 47,879
9 Related party transactions
Director
Monies owed by the company at the year end to Mr DA Bell
Amount due to the related party 29,461 12,754
10 Other information
So Feed Me Limited is a private company limited by shares and incorporated in England. The registered office is:
229 Liverpool Road South
Burscough
Ormskirk
Lancs
L40 7RE
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