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REGISTERED NUMBER: 06364584 (England and Wales)














Unaudited Financial Statements

for the Year Ended 28 February 2025

for

BRAMBLES FARM LTD

BRAMBLES FARM LTD (REGISTERED NUMBER: 06364584)






Contents of the Financial Statements
for the Year Ended 28 February 2025




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4

Accountants' Report 8

BRAMBLES FARM LTD

Company Information
for the Year Ended 28 February 2025







Directors: C J Stroud
J E Wilkins
S M Wilkins
J L Stroud





Secretary: J E Wilkins





Registered office: 43 Coniscliffe Road
Darlington
Co. Durham
DL3 7EH





Registered number: 06364584 (England and Wales)





Accountants: Mitchell Gordon LLP
43 Coniscliffe Road
Darlington
Co. Durham
DL3 7EH

BRAMBLES FARM LTD (REGISTERED NUMBER: 06364584)

Abridged Balance Sheet
28 February 2025

28/2/25 29/2/24
Notes £    £    £   
Fixed assets
Intangible assets 4 1,320 1,760
Tangible assets 5 179,870 193,076
181,190 194,836

Current assets
Stocks 215,678 260,012
Debtors 149,958 158,549
Cash at bank and in hand 6,857 5,586
372,493 424,147
Creditors
Amounts falling due within one year 384,863 366,790
Net current (liabilities)/assets (12,370 ) 57,357
Total assets less current liabilities 168,820 252,193

Creditors
Amounts falling due after more than one
year

(66,976

)

(121,216

)

Provisions for liabilities (48,016 ) (51,632 )
Net assets 53,828 79,345

Capital and reserves
Called up share capital 106 106
Retained earnings 53,722 79,239
Shareholders' funds 53,828 79,345

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

BRAMBLES FARM LTD (REGISTERED NUMBER: 06364584)

Abridged Balance Sheet - continued
28 February 2025


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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 28 February 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 July 2025 and were signed on its behalf by:




C J Stroud - Director



J E Wilkins - Director


BRAMBLES FARM LTD (REGISTERED NUMBER: 06364584)

Notes to the Financial Statements
for the Year Ended 28 February 2025

1. STATUTORY INFORMATION

Brambles Farm Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements have been prepared under the going concern basis of accounting.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures and fittings - at variable rates on reducing balance
Motor vehicles - at variable rates on reducing balance
Computer equipment - 20% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

BRAMBLES FARM LTD (REGISTERED NUMBER: 06364584)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2025

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2024 - 20 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 March 2024
and 28 February 2025 2,200
AMORTISATION
At 1 March 2024 440
Amortisation for year 440
At 28 February 2025 880
NET BOOK VALUE

At 28 February 2025 1,320
At 29 February 2024 1,760

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 March 2024
and 28 February 2025 402,381
DEPRECIATION
At 1 March 2024 209,305
Charge for year 13,206
At 28 February 2025 222,511
NET BOOK VALUE
At 28 February 2025 179,870
At 29 February 2024 193,076

BRAMBLES FARM LTD (REGISTERED NUMBER: 06364584)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2025

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 1 March 2024
and 28 February 2025 101,476
DEPRECIATION
At 1 March 2024 5,471
Charge for year 6,006
At 28 February 2025 11,477
NET BOOK VALUE
At 28 February 2025 89,999
At 29 February 2024 96,005

6. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
28/2/25 29/2/24
£    £   
Net obligations repayable:
Within one year 21,838 21,838
Between one and five years 34,653 56,491
56,491 78,329

Non-cancellable operating leases
28/2/25 29/2/24
£    £   
Within one year 4,576 -
Between one and five years 1,907 -
6,483 -

BRAMBLES FARM LTD (REGISTERED NUMBER: 06364584)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2025

7. SECURED DEBTS

The following secured debts are included within creditors:

28/2/25 29/2/24
£    £   
Bank overdrafts 102,393 102,144
Bank loans 50,723 83,125
Hire purchase contracts 56,491 78,329
209,607 263,598

The company's loans and bank overdraft are secured on its assets.

The hire purchase balance is secured on the assets to which the balance relates.

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 28 February 2025 and 29 February 2024:

28/2/25 29/2/24
£    £   
J E Wilkins and S M Wilkins
Balance outstanding at start of year 717 5,173
Amounts advanced 15,679 17,654
Amounts repaid (7,047 ) (22,110 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 9,349 717

C J Stroud and J L Stroud
Balance outstanding at start of year 702 -
Amounts advanced 22,547 31,071
Amounts repaid (6,891 ) (30,369 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 16,358 702

Interest has been charged at a rate of 2% per annum up to April 2023 and 2.25% thereafter, and are repayable on demand.

Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Brambles Farm Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Abridged Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Brambles Farm Ltd for the year ended 28 February 2025 which comprise the Abridged Income Statement, Abridged Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Brambles Farm Ltd, as a body, in accordance with the terms of our engagement letter dated 2 May 2024. Our work has been undertaken solely to prepare for your approval the financial statements of Brambles Farm Ltd and state those matters that we have agreed to state to the Board of Directors of Brambles Farm Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at
https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-163-jan-24.pdf.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Brambles Farm Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Brambles Farm Ltd. You consider that Brambles Farm Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Brambles Farm Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Mitchell Gordon LLP
43 Coniscliffe Road
Darlington
Co. Durham
DL3 7EH


25 July 2025