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Registration number: 06272116

Rob Royd Farm Shop Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 November 2024

 

Rob Royd Farm Shop Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 11

 

Rob Royd Farm Shop Limited

Company Information

Director

Mr Robert John White

Registered office

The Farm Shop
Genn Lane
Worsbrough
Barnsley
South Yorkshire
S70 6NW

Accountants

Thorntons
Chartered Certified Accountants
176-178 Pontefract Road
Cudworth
Barnsley
South Yorkshire
S72 8BE

 

Rob Royd Farm Shop Limited

(Registration number: 06272116)
Balance Sheet as at 30 November 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

732,615

758,419

Current assets

 

Stocks

5

12,000

12,000

Debtors

6

226,025

152,154

Cash at bank and in hand

 

21,235

31,790

 

259,260

195,944

Creditors: Amounts falling due within one year

7

(240,283)

(139,368)

Net current assets

 

18,977

56,576

Total assets less current liabilities

 

751,592

814,995

Creditors: Amounts falling due after more than one year

7

(6,273)

(76,236)

Net assets

 

745,319

738,759

Capital and reserves

 

Called up share capital

8

100

100

Retained earnings

745,219

738,659

Shareholders' funds

 

745,319

738,759

For the financial year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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.

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.

Approved and authorised by the director on 22 August 2025
 

 

Rob Royd Farm Shop Limited

(Registration number: 06272116)
Balance Sheet as at 30 November 2024

.........................................
Mr Robert John White
Director

 

Rob Royd Farm Shop Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

1

General information

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

The address of its registered office is:
The Farm Shop
Genn Lane
Worsbrough
Barnsley
South Yorkshire
S70 6NW

The principal place of business is:
The Farm Shop
Genn Lane
Worsbrough
Barnsley
South Yorkshire
S70 6NW

These financial statements were authorised for issue by the director on 22 August 2025.

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 smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

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.

Going concern

The financial statements have been prepared on a going concern basis.

 

Rob Royd Farm Shop Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

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.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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

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.

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

25% Straight line

Fixtures and fittings

25% Straight line

Plant and machinery

25% Straight line

Leasehold improvements

No depreciation

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

Rob Royd Farm Shop Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are 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.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

 

Rob Royd Farm Shop Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

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.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 32 (2023 - 26).

 

Rob Royd Farm Shop Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

4

Tangible assets

Land and buildings
£

Long leasehold land and buildings
£

Fixtures and fittings
£

Plant and machinery
£

Cost or valuation

At 1 December 2023

10,000

577,198

453,653

306,252

Additions

-

49,335

20,472

7,385

Disposals

-

-

-

-

At 30 November 2024

10,000

626,533

474,125

313,637

Depreciation

At 1 December 2023

-

-

382,197

269,640

Charge for the year

-

-

20,557

19,286

Eliminated on disposal

-

-

-

-

At 30 November 2024

-

-

402,754

288,926

Carrying amount

At 30 November 2024

10,000

626,533

71,371

24,711

At 30 November 2023

10,000

577,198

71,456

36,612

 

Rob Royd Farm Shop Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

Motor vehicles
 £

Total
£

Cost or valuation

At 1 December 2023

107,238

1,454,341

Additions

-

77,192

Disposals

(75,645)

(75,645)

At 30 November 2024

31,593

1,455,888

Depreciation

At 1 December 2023

44,085

695,922

Charge for the year

6,419

46,262

Eliminated on disposal

(18,911)

(18,911)

At 30 November 2024

31,593

723,273

Carrying amount

At 30 November 2024

-

732,615

At 30 November 2023

63,153

758,419

Included within the net book value of land and buildings above is £10,000 (2023 - £10,000) in respect of freehold land and buildings and £626,533 (2023 - £577,198) in respect of long leasehold land and buildings.
 

5

Stocks

2024
£

2023
£

Other inventories

12,000

12,000

6

Debtors

2024
£

2023
£

Trade debtors

45,385

5,713

Other debtors

180,640

146,441

226,025

152,154

 

Rob Royd Farm Shop Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

9

12,400

18,866

Trade creditors

 

181,061

94,058

Taxation and social security

 

41,141

21,128

Accruals and deferred income

 

2,600

2,400

Other creditors

 

3,081

2,916

 

240,283

139,368

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

9

6,273

76,236

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

100

100

100

100

       

9

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Hire purchase contracts

-

57,563

Other borrowings

6,273

18,673

6,273

76,236

Current loans and borrowings

 

Rob Royd Farm Shop Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

2024
£

2023
£

Hire purchase contracts

-

6,466

Other borrowings

12,400

12,400

12,400

18,866

10

Dividends

Interim dividends paid

2024
£

2023
£

Interim dividend of £150.00 per each Ordinary

15,000

15,000

 

 

11

Related party transactions

Director's remuneration

The director's remuneration for the year was as follows:

2024
£

2023
£

Remuneration

9,100

9,100

Contributions paid to money purchase schemes

12,000

9,000

21,100

18,100