Caseware UK (AP4) 2023.0.135 2023.0.135 2024-01-01falsefalseholding company22trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 12591716 2024-01-01 2024-12-31 12591716 2023-01-01 2023-12-31 12591716 2024-12-31 12591716 2023-12-31 12591716 2023-01-01 12591716 c:Director2 2024-01-01 2024-12-31 12591716 d:Buildings 2024-12-31 12591716 d:Buildings 2023-12-31 12591716 d:CurrentFinancialInstruments 2024-12-31 12591716 d:CurrentFinancialInstruments 2023-12-31 12591716 d:Non-currentFinancialInstruments 2024-12-31 12591716 d:Non-currentFinancialInstruments 2023-12-31 12591716 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 12591716 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 12591716 d:ShareCapital 2024-12-31 12591716 d:ShareCapital 2023-12-31 12591716 d:ShareCapital 2023-01-01 12591716 d:RetainedEarningsAccumulatedLosses 2024-01-01 2024-12-31 12591716 d:RetainedEarningsAccumulatedLosses 2024-12-31 12591716 d:RetainedEarningsAccumulatedLosses 2023-01-01 2023-12-31 12591716 d:RetainedEarningsAccumulatedLosses 2023-12-31 12591716 d:RetainedEarningsAccumulatedLosses 2023-01-01 12591716 d:OtherDeferredTax 2024-12-31 12591716 d:OtherDeferredTax 2023-12-31 12591716 c:FRS102 2024-01-01 2024-12-31 12591716 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 12591716 c:FullAccounts 2024-01-01 2024-12-31 12591716 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 12591716 6 2024-01-01 2024-12-31 12591716 e:PoundSterling 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure
Registered number: 12591716





 
BFS Farm Services Limited          
 
Financial statements          

For the year ended 31 December 2024          

 
BFS Farm Services Limited
Registered number:12591716

Balance sheet
As at 31 December 2024


2024

2023
                                                                                 Note
£
£
£
£

Fixed assets
  

Tangible assets
 4 
610,000
610,000

Investments
 5 
-
4,382

  
610,000
614,382

Current assets
  

Debtors: amounts falling due after more than one year
 6 
81,889
-

Debtors
 6 
44,667
167

Cash at bank and in hand
  
63,709
140

  
190,265
307

Creditors: amounts falling due within one year
 7 
(34,549)
(450)

Net current assets/(liabilities)
  
 
 
155,716
 
 
(143)

Total assets less current liabilities
  
765,716
614,239

Provisions for liabilities
  

Deferred tax
 8 
(16,836)
(16,836)

Net assets
  
748,880
597,403


Capital and reserves
  

Called up share capital 
  
4,522
4,522

Profit and loss account
  
744,358
592,881

  
748,880
597,403


Page 1

 
BFS Farm Services Limited
Registered number:12591716
    
Balance sheet (continued)
As at 31 December 2024

The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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 company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board; and were signed on its behalf on 3 June 2025.




Michael Anthony Gascoyne-Cecil
Director

















The notes on pages 4 to 9 form part of these financial statements.
Page 2

 
BFS Farm Services Limited
 

Statement of changes in equity
For the year ended 31 December 2024


Called up share capital
Profit and loss account
Total equity

£
£
£


At 1 January 2023
4,522
592,834
597,356



Profit for the year
-
47
47



At 1 January 2024
4,522
592,881
597,403



Profit for the year
-
151,477
151,477


At 31 December 2024
4,522
744,358
748,880





















The notes on pages 4 to 9 form part of these financial statements.
Page 3

 
BFS Farm Services Limited
 
 
Notes to the financial statements
For the year ended 31 December 2024

1.


General information

BFS Farm Services Limited is a private company limited by shares, incorporated in England and Wales. Its registered office is 12-14 School Road, Downham, Billericay, United Kingdom, CM11 1QU.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Land is not depreciated.


The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 4

 
BFS Farm Services Limited
 
 
Notes to the financial statements
For the year ended 31 December 2024

2.Accounting policies (continued)

 
2.4

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.7

Financial instruments

Financial instruments are recognised in the company's Balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.

Basic financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.
 
Page 5

 
BFS Farm Services Limited
 
 
Notes to the financial statements
For the year ended 31 December 2024

2.Accounting policies (continued)


2.7
Financial instruments (continued)


Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.9

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.10

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Page 6

 
BFS Farm Services Limited
 
 
Notes to the financial statements
For the year ended 31 December 2024

3.


Employees

The average monthly number of employees, including the directors, during the year was as follows:


        2024
        2023
            No.
            No.







Directors
2
2


4.


Tangible fixed assets





Freehold property

£



Cost 


At 1 January 2024
610,000



At 31 December 2024

610,000






Net book value



At 31 December 2024
610,000



At 31 December 2023
610,000


5.


Fixed asset investments





Investments in subsidiary companies

£



Cost 


At 1 January 2024
4,382


Disposals
(4,382)



At 31 December 2024
-




Page 7

 
BFS Farm Services Limited
 
 
Notes to the financial statements
For the year ended 31 December 2024

6.


Debtors

2024
2023
£
£

Due after more than one year

Other debtors
81,889
-


2024
2023
£
£

Due within one year

Amounts owed by group undertakings
-
167

Other debtors
44,667
-

44,667
167



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other creditors
100
50

Accruals
34,449
400

34,549
450



8.


Deferred taxation




2024
2023


£

£






At beginning of year
16,836
16,836



At end of year
16,836
16,836

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Held over capital gain on freehold property
16,836
16,836

Page 8

 
BFS Farm Services Limited
 
 
Notes to the financial statements
For the year ended 31 December 2024

9.


Related party transactions

At the balance sheet date, debtors amounting to £Nil (2023 - £167) were outstanding from Billericay Farm Services Ltd. No interest is charged on these loans.

 
Page 9