Caseware UK (AP4) 2024.0.164 2024.0.164 2025-03-312025-03-31No description of principal activityfalsefalse2024-04-012520truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 06530947 2024-04-01 2025-03-31 06530947 2023-04-01 2024-03-31 06530947 2025-03-31 06530947 2024-03-31 06530947 c:Director1 2024-04-01 2025-03-31 06530947 c:Director2 2024-04-01 2025-03-31 06530947 d:Buildings 2024-04-01 2025-03-31 06530947 d:Buildings 2025-03-31 06530947 d:Buildings 2024-03-31 06530947 d:Buildings d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 06530947 d:Buildings d:LongLeaseholdAssets 2024-04-01 2025-03-31 06530947 d:Buildings d:LongLeaseholdAssets 2025-03-31 06530947 d:Buildings d:LongLeaseholdAssets 2024-03-31 06530947 d:Buildings d:ShortLeaseholdAssets 2024-04-01 2025-03-31 06530947 d:PlantMachinery 2024-04-01 2025-03-31 06530947 d:PlantMachinery 2025-03-31 06530947 d:PlantMachinery 2024-03-31 06530947 d:PlantMachinery d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 06530947 d:MotorVehicles 2024-04-01 2025-03-31 06530947 d:MotorVehicles 2025-03-31 06530947 d:MotorVehicles 2024-03-31 06530947 d:MotorVehicles d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 06530947 d:FurnitureFittings 2024-04-01 2025-03-31 06530947 d:FurnitureFittings 2025-03-31 06530947 d:FurnitureFittings 2024-03-31 06530947 d:FurnitureFittings d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 06530947 d:OfficeEquipment 2024-04-01 2025-03-31 06530947 d:OfficeEquipment 2025-03-31 06530947 d:OfficeEquipment 2024-03-31 06530947 d:OfficeEquipment d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 06530947 d:ComputerEquipment 2024-04-01 2025-03-31 06530947 d:OtherPropertyPlantEquipment 2024-04-01 2025-03-31 06530947 d:OtherPropertyPlantEquipment 2025-03-31 06530947 d:OtherPropertyPlantEquipment 2024-03-31 06530947 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 06530947 d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 06530947 d:Goodwill 2024-04-01 2025-03-31 06530947 d:Goodwill 2025-03-31 06530947 d:Goodwill 2024-03-31 06530947 d:CurrentFinancialInstruments 2025-03-31 06530947 d:CurrentFinancialInstruments 2024-03-31 06530947 d:Non-currentFinancialInstruments 2025-03-31 06530947 d:Non-currentFinancialInstruments 2024-03-31 06530947 d:CurrentFinancialInstruments d:WithinOneYear 2025-03-31 06530947 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 06530947 d:Non-currentFinancialInstruments d:AfterOneYear 2025-03-31 06530947 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 06530947 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2025-03-31 06530947 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-03-31 06530947 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2025-03-31 06530947 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-03-31 06530947 d:ShareCapital 2025-03-31 06530947 d:ShareCapital 2024-03-31 06530947 d:RetainedEarningsAccumulatedLosses 2025-03-31 06530947 d:RetainedEarningsAccumulatedLosses 2024-03-31 06530947 c:FRS102 2024-04-01 2025-03-31 06530947 c:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 06530947 c:FullAccounts 2024-04-01 2025-03-31 06530947 c:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 06530947 2 2024-04-01 2025-03-31 06530947 d:Goodwill d:OwnedIntangibleAssets 2024-04-01 2025-03-31 06530947 e:PoundSterling 2024-04-01 2025-03-31 iso4217:GBP xbrli:pure

Registered number: 06530947










FARMERS FARM SHOP LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2025

 
FARMERS FARM SHOP LIMITED
REGISTERED NUMBER: 06530947

BALANCE SHEET
AS AT 31 MARCH 2025

2025
2024
Note
£
£

Fixed assets
  

Intangible assets
 5 
-
17,095

Tangible assets
 6 
64,097
100,184

  
64,097
117,279

Current assets
  

Stocks
  
24,780
25,400

Debtors: amounts falling due within one year
 7 
29,075
16,249

Cash at bank and in hand
  
195,669
173,371

  
249,524
215,020

Creditors: amounts falling due within one year
 8 
(56,467)
(49,046)

Net current assets
  
 
 
193,057
 
 
165,974

Total assets less current liabilities
  
257,154
283,253

Creditors: amounts falling due after more than one year
 9 
(861)
(11,323)

  

Net assets
  
256,293
271,930


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
256,193
271,830

  
256,293
271,930


Page 1

 
FARMERS FARM SHOP LIMITED
REGISTERED NUMBER: 06530947
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2025

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 






D K Farmer
C I Farmer
Director
Director
Date: 12 August 2025
Date:12 August 2025

The notes on pages 3 to 11 form part of these financial statements.

Page 2

 
FARMERS FARM SHOP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

1.


General information

Farmers Farm Shop Limited is a private company limited by shares incorporated in England and Wales in the United Kingdom. The address of the registered office is Victoria Court, 17-21 Ashford Road, Maidstone, Kent, ME14 5DA. 
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £1. 

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 judgement in applying the Company's accounting policies (see note 3).

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company 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 Company has transferred the significant risks and rewards of ownership to the buyer;
the Company 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 Company 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.

 
2.3

Interest income

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

 
2.4

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.

Page 3

 
FARMERS FARM SHOP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

 
2.5

Borrowing costs

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

 
2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.7

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Page 4

 
FARMERS FARM SHOP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

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 Statement of income and retained earnings 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.

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, using both reducing balance and straight line methods.

Depreciation is provided on the following basis:

Property improvements
-
10% Reducing balance
Orchard costs
-
7 Years straight line
Coffee shop fixtures and fittings
-
3 Years straight line
Plant and machinery
-
10% Reducing balance
Motor vehicles
-
25% Reducing balance
Fixtures and fittings
-
15% Reducing balance
Office equipment
-
5 Years straight line
Coffee shop plant and machinery
-
3 Years straight line
Solar panels
-
20 Years straight line (previously 30 years straight line)

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

 
FARMERS FARM SHOP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

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.

 
2.14

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.15

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Judgements in applying accounting policies and key sources of estimation uncertainty

No significant judgements have been made by management in preparing these financial statements. 

Page 6

 
FARMERS FARM SHOP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

4.


Employees

The average monthly number of employees, including directors, during the year was 25 (2024 - 20).


5.


Intangible assets




Goodwill

£



Cost


At 1 April 2024
263,000



At 31 March 2025

263,000



Amortisation


At 1 April 2024
245,905


Charge for the year on owned assets
17,095



At 31 March 2025

263,000



Net book value



At 31 March 2025
-



At 31 March 2024
17,095



Page 7

 
FARMERS FARM SHOP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

6.


Tangible fixed assets





Property improvements
Plant and machinery
Motor vehicles
Fixtures and fittings
Orchard costs

£
£
£
£
£



Cost or valuation


At 1 April 2024
16,074
68,484
34,411
83,761
6,982


Additions
-
7,062
-
2,485
-



At 31 March 2025

16,074
75,546
34,411
86,246
6,982



Depreciation


At 1 April 2024
9,847
39,924
20,024
45,310
6,874


Charge for the year on owned assets
623
12,014
3,598
17,640
108



At 31 March 2025

10,470
51,938
23,622
62,950
6,982



Net book value



At 31 March 2025
5,604
23,608
10,789
23,296
-



At 31 March 2024
6,227
28,560
14,387
38,451
108
Page 8

 
FARMERS FARM SHOP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

           6.Tangible fixed assets (continued)


Office equipment
Solar panels
Total

£
£
£



Cost or valuation


At 1 April 2024
1,244
31,460
242,416


Additions
164
-
9,711



At 31 March 2025

1,408
31,460
252,127



Depreciation


At 1 April 2024
326
19,927
142,232


Charge for the year on owned assets
282
11,533
45,798



At 31 March 2025

608
31,460
188,030



Net book value



At 31 March 2025
800
-
64,097



At 31 March 2024
918
11,533
100,184

Page 9

 
FARMERS FARM SHOP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

7.


Debtors

2025
2024
£
£


Trade debtors
1,122
-

Prepayments and accrued income
27,707
15,507

Deferred taxation
246
742

29,075
16,249



8.


Creditors: Amounts falling due within one year

2025
2024
£
£

Bank loans
10,462
10,305

Trade creditors
28,398
23,530

Other taxation and social security
8,478
5,122

Other creditors
4,367
5,551

Accruals and deferred income
4,762
4,538

56,467
49,046



9.


Creditors: Amounts falling due after more than one year

2025
2024
£
£

Bank loans
861
11,323

861
11,323



10.


Bank Loan

In May 2020 the company received an unsecured loan under the UK Government Bounce Back Loan Scheme.  Repayments for the loan commenced in June 2021.  Interest charges for the first twelve months to May 2021 were covered by the UK Government. The interest charges payable in this financial year amounted to £344 (2024: £499).

Page 10

 
FARMERS FARM SHOP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

11.


Loans


Analysis of the maturity of loans is given below:


2025
2024
£
£

Amounts falling due within one year

Bank loans
10,462
10,305


10,462
10,305

Amounts falling due 1-2 years

Bank loans
861
10,462


861
10,462

Amounts falling due 2-5 years

Bank loans
-
861


-
861


11,323
21,628



12.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £23,558 (2024: £3,254). As at the year end, the amounts owed to the scheme were £274 (2024: £172).


13.


Related party transactions

As at the balance sheet date, £661 was owed to the directors by the company (2024: £1,104).

 
Page 11