Company registration number 13625437 (England and Wales)
PALEY FARM SHOP LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025
PAGES FOR FILING WITH REGISTRAR
PALEY FARM SHOP LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
PALEY FARM SHOP LTD (REGISTERED NUMBER: 13625437)
BALANCE SHEET
AS AT
31 JANUARY 2025
31 January 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
4
23,823
28,099
Current assets
Stocks
6,363
7,716
Debtors
5
5,877
1,848
Cash at bank and in hand
4,881
1,036
17,121
10,600
Creditors: amounts falling due within one year
6
(129,201)
(109,219)
Net current liabilities
(112,080)
(98,619)
Net liabilities
(88,257)
(70,520)
Capital and reserves
Called up share capital
7
100
100
Profit and loss reserves
(88,357)
(70,620)
Total equity
(88,257)
(70,520)

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 8 July 2025 and are signed on its behalf by:
Mr A M Brooks
Director
PALEY FARM SHOP LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025
- 2 -
1
Accounting policies
Company information

Paley Farm Shop Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 20 Church Road, Tunbridge Wells, Kent, TN1 1JP.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

The directors and the shareholders have confirmed their intention to continue to provide the company with the necessary financial support to continue for the foreseeable future. Consequently, the financial statements have been prepared on a Going Concern basis.

1.3
Turnover

Turnover represents amounts receivable for the sale of farm shop goods and other general income.

1.4
Intangible fixed assets other than goodwill

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

 

Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Website
33% straight line
1.5
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
10% straight line
Motor vehicles
25% reducing balance
PALEY FARM SHOP LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
1
Accounting policies
(Continued)
- 3 -

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.6
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.7
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
5
5
3
Intangible fixed assets
Website
£
Cost
At 1 February 2024 and 31 January 2025
1,200
Amortisation and impairment
At 1 February 2024 and 31 January 2025
1,200
Carrying amount
At 31 January 2025
-
0
At 31 January 2024
-
0
PALEY FARM SHOP LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
- 4 -
4
Tangible fixed assets
Plant and equipment
Motor vehicles
Total
£
£
£
Cost
At 1 February 2024 and 31 January 2025
27,670
11,025
38,695
Depreciation and impairment
At 1 February 2024
5,601
4,995
10,596
Depreciation charged in the year
2,768
1,508
4,276
At 31 January 2025
8,369
6,503
14,872
Carrying amount
At 31 January 2025
19,301
4,522
23,823
At 31 January 2024
22,069
6,030
28,099
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
4,481
-
0
Other debtors
1,396
1,848
5,877
1,848
6
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
7,297
8,515
Taxation and social security
1,597
2,317
Other creditors
120,307
98,387
129,201
109,219
7
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and not fully paid
Ordinary shares of £1 each
100
100
100
100
2025-01-312024-02-01falsefalsefalse08 July 2025CCH SoftwareCCH Accounts Production 2025.100No description of principal activityMr A M BrooksMrs C E BrooksMr J A Burke136254372024-02-012025-01-31136254372025-01-31136254372024-01-3113625437core:PlantMachinery2025-01-3113625437core:MotorVehicles2025-01-3113625437core:PlantMachinery2024-01-3113625437core:MotorVehicles2024-01-3113625437core:CurrentFinancialInstrumentscore:WithinOneYear2025-01-3113625437core:CurrentFinancialInstrumentscore:WithinOneYear2024-01-3113625437core:CurrentFinancialInstruments2025-01-3113625437core:CurrentFinancialInstruments2024-01-3113625437core:ShareCapital2025-01-3113625437core:ShareCapital2024-01-3113625437core:RetainedEarningsAccumulatedLosses2025-01-3113625437core:RetainedEarningsAccumulatedLosses2024-01-3113625437core:ShareCapitalOrdinaryShareClass12025-01-3113625437core:ShareCapitalOrdinaryShareClass12024-01-3113625437bus:Director12024-02-012025-01-3113625437core:IntangibleAssetsOtherThanGoodwill2024-02-012025-01-3113625437core:DevelopmentCostsCapitalisedDevelopmentExpenditure2024-02-012025-01-3113625437core:PlantMachinery2024-02-012025-01-3113625437core:MotorVehicles2024-02-012025-01-31136254372023-02-012024-01-3113625437core:DevelopmentCostsCapitalisedDevelopmentExpenditure2024-01-3113625437core:DevelopmentCostsCapitalisedDevelopmentExpenditure2025-01-3113625437core:DevelopmentCostsCapitalisedDevelopmentExpenditure2024-01-3113625437core:PlantMachinery2024-01-3113625437core:MotorVehicles2024-01-31136254372024-01-3113625437core:WithinOneYear2025-01-3113625437core:WithinOneYear2024-01-3113625437bus:OrdinaryShareClass12024-02-012025-01-3113625437bus:OrdinaryShareClass12025-01-3113625437bus:OrdinaryShareClass12024-01-3113625437bus:PrivateLimitedCompanyLtd2024-02-012025-01-3113625437bus:SmallCompaniesRegimeForAccounts2024-02-012025-01-3113625437bus:FRS1022024-02-012025-01-3113625437bus:AuditExemptWithAccountantsReport2024-02-012025-01-3113625437bus:Director22024-02-012025-01-3113625437bus:CompanySecretary12024-02-012025-01-3113625437bus:FullAccounts2024-02-012025-01-31xbrli:purexbrli:sharesiso4217:GBP