Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-12-31truefalse2024-01-01No description of principal activity3030trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false OC360161 2024-01-01 2024-12-31 OC360161 2023-01-01 2023-12-31 OC360161 2024-12-31 OC360161 2023-12-31 OC360161 c:PlantMachinery 2024-01-01 2024-12-31 OC360161 c:PlantMachinery 2024-12-31 OC360161 c:PlantMachinery 2023-12-31 OC360161 c:PlantMachinery c:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 OC360161 c:PlantMachinery c:LeasedAssetsHeldAsLessee 2024-01-01 2024-12-31 OC360161 c:MotorVehicles 2024-01-01 2024-12-31 OC360161 c:MotorVehicles 2024-12-31 OC360161 c:MotorVehicles 2023-12-31 OC360161 c:MotorVehicles c:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 OC360161 c:MotorVehicles c:LeasedAssetsHeldAsLessee 2024-01-01 2024-12-31 OC360161 c:FurnitureFittings 2024-01-01 2024-12-31 OC360161 c:FurnitureFittings 2024-12-31 OC360161 c:FurnitureFittings 2023-12-31 OC360161 c:FurnitureFittings c:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 OC360161 c:FurnitureFittings c:LeasedAssetsHeldAsLessee 2024-01-01 2024-12-31 OC360161 c:OfficeEquipment 2024-01-01 2024-12-31 OC360161 c:OfficeEquipment 2024-12-31 OC360161 c:OfficeEquipment 2023-12-31 OC360161 c:OfficeEquipment c:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 OC360161 c:OfficeEquipment c:LeasedAssetsHeldAsLessee 2024-01-01 2024-12-31 OC360161 c:ComputerEquipment 2024-01-01 2024-12-31 OC360161 c:OtherPropertyPlantEquipment 2024-01-01 2024-12-31 OC360161 c:OtherPropertyPlantEquipment 2024-12-31 OC360161 c:OtherPropertyPlantEquipment 2023-12-31 OC360161 c:OtherPropertyPlantEquipment c:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 OC360161 c:OtherPropertyPlantEquipment c:LeasedAssetsHeldAsLessee 2024-01-01 2024-12-31 OC360161 c:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 OC360161 c:LeasedAssetsHeldAsLessee 2024-01-01 2024-12-31 OC360161 c:Goodwill 2024-01-01 2024-12-31 OC360161 c:Goodwill 2024-12-31 OC360161 c:Goodwill 2023-12-31 OC360161 c:CopyrightsPatentsTrademarksServiceOperatingRights 2024-12-31 OC360161 c:CopyrightsPatentsTrademarksServiceOperatingRights 2023-12-31 OC360161 c:CurrentFinancialInstruments 2024-12-31 OC360161 c:CurrentFinancialInstruments 2023-12-31 OC360161 c:Non-currentFinancialInstruments 2024-12-31 OC360161 c:Non-currentFinancialInstruments 2023-12-31 OC360161 c:CurrentFinancialInstruments c:WithinOneYear 2024-12-31 OC360161 c:CurrentFinancialInstruments c:WithinOneYear 2023-12-31 OC360161 c:Non-currentFinancialInstruments c:AfterOneYear 2024-12-31 OC360161 c:Non-currentFinancialInstruments c:AfterOneYear 2023-12-31 OC360161 d:FRS102 2024-01-01 2024-12-31 OC360161 d:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 OC360161 d:FullAccounts 2024-01-01 2024-12-31 OC360161 d:LimitedLiabilityPartnershipLLP 2024-01-01 2024-12-31 OC360161 c:Goodwill c:ExternallyAcquiredIntangibleAssets 2024-01-01 2024-12-31 OC360161 c:CopyrightsPatentsTrademarksServiceOperatingRights c:ExternallyAcquiredIntangibleAssets 2024-01-01 2024-12-31 OC360161 2 2024-01-01 2024-12-31 OC360161 c:ExternallyAcquiredIntangibleAssets 2024-01-01 2024-12-31 OC360161 c:Goodwill c:OwnedIntangibleAssets 2024-01-01 2024-12-31 OC360161 c:CopyrightsPatentsTrademarksServiceOperatingRights c:OwnedIntangibleAssets 2024-01-01 2024-12-31 OC360161 d:PartnerLLP5 2024-01-01 2024-12-31 OC360161 c:OtherCapitalInstrumentsClassifiedAsEquity 2024-12-31 OC360161 c:OtherCapitalInstrumentsClassifiedAsEquity 2023-12-31 OC360161 c:FurtherSpecificReserve2ComponentTotalEquity 2024-12-31 OC360161 c:FurtherSpecificReserve2ComponentTotalEquity 2023-12-31 OC360161 e:PoundSterling 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure

Registered number: OC360161










FARM & STABLE SUPPLIES LLP








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2024

 
FARM & STABLE SUPPLIES LLP
REGISTERED NUMBER: OC360161

BALANCE SHEET
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
272,044
205,214

Tangible assets
 5 
888,383
965,101

  
1,160,427
1,170,315

Current assets
  

Stocks
  
1,549,921
1,565,174

Debtors: amounts falling due within one year
 6 
1,593,235
1,356,726

Cash at bank and in hand
 7 
597,668
1,115,631

  
3,740,824
4,037,531

Creditors: Amounts Falling Due Within One Year
 8 
(1,815,949)
(1,768,729)

Net current assets
  
 
 
1,924,875
 
 
2,268,802

Total assets less current liabilities
  
3,085,302
3,439,117

Creditors: amounts falling due after more than one year
 9 
(551,590)
(578,731)

  
2,533,712
2,860,386

  

Net assets
  
2,533,712
2,860,386


Represented by:
  

Loans and other debts due to members within one year
  

Members' other interests
  

Members' capital classified as equity
  
1,405,030
2,079,636

Other reserves classified as equity
  
1,128,682
780,750

  
 
2,533,712
 
2,860,386

  
2,533,712
2,860,386


Total members' interests
  

Members' other interests
  
2,533,712
2,860,386

  
2,533,712
2,860,386


Page 1

 
FARM & STABLE SUPPLIES LLP
REGISTERED NUMBER: OC360161
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2024

The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small LLPs regime.

The entity was entitled to exemption from audit under section 477 of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008.

The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, with respect to accounting records and the preparation of financial statements.

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

The entity has opted not to file the profit and loss account in accordance with the provisions applicable to entities subject to the small LLPs regime.

The financial statements were approved and authorised for issue by the members and were signed on their behalf by: 




................................................
Nelson Kilbey of GBA International Limited
Designated member


Date: 28 April 2025

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

Page 2

 
FARM & STABLE SUPPLIES LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

Farm and Stable Supplies LLP is a limited liability partnership, OC360161, incorporated in England and Wales, with its registered office and principal place of business at Omega House, Hazleton Interchange,Lakesmere Road, Waterlooville, Hampshire, PO9 9JU.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 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 LLP's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The LLP's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Page 3

 
FARM & STABLE SUPPLIES LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the LLP 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:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the LLP has transferred the significant risks and rewards of ownership to the buyer;
the LLP retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the LLP will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.4

Research and development

In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research shall be recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised on a straight-line basis over their useful economic lives, which range from 3 to 6 years.
If it is not possible to distinguish between the research phase and the development phase of an internal project, the expenditure is treated as if it were all incurred in the research phase only.

 
2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.6

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.7

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 4

 
FARM & STABLE SUPPLIES LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.8

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Profit and loss account over its useful economic life.

Other intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

At each reporting date the company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.9

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.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
25% reducing balance
Motor vehicles
-
25% reducing balance
Fixtures and fittings
-
25% reducing balance
Office equipment
-
25% reducing balance
Website
-
25% straight line
Fixed asset on finance lease
-
Over agreed lease term

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 5

 
FARM & STABLE SUPPLIES LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.10

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.11

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.

 
2.12

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.

 
2.13

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 30 (2023 - 30).

Page 6

 
FARM & STABLE SUPPLIES LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

4.


Intangible assets




Trademarks
Goodwill
Total

£
£
£



Cost


At 1 January 2024
108,489
406,000
514,489


Additions
128,816
-
128,816



At 31 December 2024

237,305
406,000
643,305



Amortisation


At 1 January 2024
45,375
263,900
309,275


Charge for the year on owned assets
41,686
20,300
61,986



At 31 December 2024

87,061
284,200
371,261



Net book value



At 31 December 2024
150,244
121,800
272,044



At 31 December 2023
63,114
142,100
205,214



Page 7

 
FARM & STABLE SUPPLIES LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

5.


Tangible fixed assets





Plant and machinery
Motor vehicles
Fixtures and fittings
Office equipment
Other fixed assets
Total

£
£
£
£
£
£



Cost or valuation


At 1 January 2024
315,064
964,324
284,935
248,215
124,039
1,936,577


Additions
149,533
52,130
-
24,916
8,652
235,231


Disposals
-
(94,805)
-
-
-
(94,805)



At 31 December 2024

464,597
921,649
284,935
273,131
132,691
2,077,003



Depreciation


At 1 January 2024
156,600
333,003
196,650
174,882
110,341
971,476


Charge for the year on owned assets
57,275
4,307
22,071
20,536
14,067
118,256


Charge for the year on financed assets
-
153,167
-
-
-
153,167


Disposals
-
(54,279)
-
-
-
(54,279)



At 31 December 2024

213,875
436,198
218,721
195,418
124,408
1,188,620



Net book value



At 31 December 2024
250,722
485,451
66,214
77,713
8,283
888,383



At 31 December 2023
158,464
631,321
88,285
73,333
13,698
965,101


6.


Debtors

2024
2023
£
£


Trade debtors
1,361,959
1,229,019

Other debtors
-
9,000

Prepayments and accrued income
231,276
118,707

1,593,235
1,356,726


Page 8

 
FARM & STABLE SUPPLIES LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
597,668
1,115,631

Less: bank overdrafts
(42,695)
(87,047)

554,973
1,028,584



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
42,695
87,047

Bank loans
11,520
11,520

Other loans
-
140,000

Trade creditors
1,444,833
1,121,192

Other taxation and social security
56,134
37,010

Obligations under finance lease and hire purchase contracts
229,315
226,656

Other creditors
10,000
7,093

Accruals and deferred income
21,452
138,211

1,815,949
1,768,729



9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
2,032
11,772

Other loans
399,000
249,000

Net obligations under finance leases and hire purchase contracts
150,558
317,960

551,590
578,732


 
Page 9