Registered number
01281811
BK Growers Ltd
Filleted Accounts
31 January 2025
BK Growers Ltd
Registered number: 01281811
Balance Sheet
as at 31 January 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 246,169 226,881
Current assets
Stocks 69,032 69,032
Debtors 4 9,321 -
Cash at bank and in hand 311,537 420,802
389,890 489,834
Creditors: amounts falling due within one year 5 (61,814) (185,719)
Net current assets 328,076 304,115
Total assets less current liabilities 574,245 530,996
Provisions for liabilities (44,151) (40,454)
Net assets 530,094 490,542
Capital and reserves
Called up share capital 116 116
Profit and loss account 529,978 490,426
Shareholders' funds 530,094 490,542
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.
Alan Wilcock
Director
Approved by the board on 13 March 2025
BK Growers Ltd
Notes to the Accounts
for the year ended 31 January 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. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Buildings 5% on cost
Plant and machinery 10% on reducing balance
Motor vehicles 25% on reducing balance
Computer Equipment 33% on cost
Fixtures & Fittings 15% on reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 19 19
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 February 2024 90,807 456,126 81,180 628,113
Additions - 46,974 5,000 51,974
At 31 January 2025 90,807 503,100 86,180 680,087
Depreciation
At 1 February 2024 88,848 251,757 60,627 401,232
Charge for the year 942 25,356 6,388 32,686
At 31 January 2025 89,790 277,113 67,015 433,918
Net book value
At 31 January 2025 1,017 225,987 19,165 246,169
At 31 January 2024 1,959 204,369 20,553 226,881
4 Debtors 2025 2024
£ £
Other debtors 9,321 -
5 Creditors: amounts falling due within one year 2025 2024
£ £
Bank loans and overdrafts 14,989 24,979
Trade creditors 684 3,371
Taxation and social security costs 44,292 61,313
Other creditors 1,849 96,056
61,814 185,719
6 Other information
BK Growers Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Linton Common
Linton
Wetherby
LS22 4JD
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