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Registration number: 07587563


Fordhall Farm Event Caterers Ltd

Directors' Report and Unaudited Financial Statements

for the Year Ended 31 December 2024

 

Fordhall Farm Event Caterers Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 7

 

Fordhall Farm Event Caterers Ltd

Company Information

Directors

Mr B A Hollins

Dr M A E Hollins

Registered office

Fordhall Farm
Tern Hill Road
Market Drayton
Shropshire
TF9 3PS

Accountants

Howsons (Stoke) Limited
Chartered Accountants
Winton House
Stoke Road
Stoke on Trent
Staffordshire
ST4 2RW

 

Fordhall Farm Event Caterers Ltd

(Registration number: 07587563)
Balance Sheet as at 31 December 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

960,859

752,273

Current assets

 

Stocks

5

23,934

26,615

Debtors

6

26,973

48,052

Cash at bank and in hand

 

244,342

470,854

 

295,249

545,521

Creditors: Amounts falling due within one year

7

(224,252)

(308,414)

Net current assets

 

70,997

237,107

Total assets less current liabilities

 

1,031,856

989,380

Creditors: Amounts falling due after more than one year

7

(93,249)

(64,782)

Provisions for liabilities

(216,000)

(179,000)

Net assets

 

722,607

745,598

Capital and reserves

 

Called up share capital

100

100

Retained earnings

722,507

745,498

Shareholders' funds

 

722,607

745,598

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with the provisions of Financial Reporting Standard 102 (FRS 102) Section 1A - small entities.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

 

Fordhall Farm Event Caterers Ltd

(Registration number: 07587563)
Balance Sheet as at 31 December 2024

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Approved and authorised by the Board on 19 August 2025 and signed on its behalf by:
 

.........................................
Mr B A Hollins
Director

.........................................
Dr M A E Hollins
Director

 

Fordhall Farm Event Caterers Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Fordhall Farm
Tern Hill Road
Market Drayton
Shropshire
TF9 3PS

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The company's presentational currency is pound sterling (£). The accounts are rounded to the nearest whole pound.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

Fordhall Farm Event Caterers Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Motor vehicles and trailers

20% reducing balance basis

Plant and equipment

15% reducing balance basis

Computer equipment

3 years straight line

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

Classification
Basic financial assets, including trade and other debtors, cash and bank balances, are initially recognised at transaction price, 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.
Such assets are subsequently carried at amortised cost using the effective interest method.
Basic financial liabilities, including trade and other trade creditors, bank and other loans, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

 Recognition and measurement
At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit and loss.

 Impairment
If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been had the impairment not previously been recognised in the profit or loss.

Financial assets are derecognised when a) the contractual rights to the cash flows from the asset expire or are settled, or b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

 

Fordhall Farm Event Caterers Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 77 (2023 - 76).

4

Tangible assets

Land and buildings
£

Motor vehicles and trailers
 £

Plant and equipment
£

Total
£

Cost or valuation

At 1 January 2024

39,134

881,830

233,510

1,154,474

Additions

56,077

274,540

124,260

454,877

Disposals

-

(130,855)

(7,784)

(138,639)

At 31 December 2024

95,211

1,025,515

349,986

1,470,712

Depreciation

At 1 January 2024

-

342,695

59,506

402,201

Charge for the year

-

124,467

44,500

168,967

Eliminated on disposal

-

(59,115)

(2,200)

(61,315)

At 31 December 2024

-

408,047

101,806

509,853

Carrying amount

At 31 December 2024

95,211

617,468

248,180

960,859

At 31 December 2023

39,134

539,135

174,004

752,273

5

Stocks

2024
£

2023
£

Other inventories

23,934

26,615

6

Debtors

2024
£

2023
£

Trade debtors

560

23,760

Other debtors

26,413

24,292

26,973

48,052

 

Fordhall Farm Event Caterers Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Bank loans and overdrafts

8

65,412

49,682

Trade creditors

 

27,729

63,818

Taxation and social security

 

-

14,682

Other creditors

 

44,456

142,577

Directors' loan account

 

86,655

37,655

 

224,252

308,414

Due after one year

 

Loans and borrowings

8

93,249

64,782

8

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

27,986

54,634

Hire purchase contracts

65,263

10,148

93,249

64,782

Current loans and borrowings

2024
£

2023
£

Bank borrowings

26,998

25,835

Hire purchase contracts

38,414

23,847

65,412

49,682