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REGISTERED NUMBER: 05186385 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH NOVEMBER 2024

FOR

HOME FARM BAKERY LIMITED

HOME FARM BAKERY LIMITED (REGISTERED NUMBER: 05186385)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH NOVEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HOME FARM BAKERY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH NOVEMBER 2024







DIRECTORS: J Clare
Mrs J Clare





SECRETARY: Mrs J Clare





REGISTERED OFFICE: 230 Pontefract Road
Lundwood
Barnsley
South Yorkshire
S71 5PN





REGISTERED NUMBER: 05186385 (England and Wales)





ACCOUNTANTS: Seaman Herbert & Co
36 - 40 Doncaster Road
Barnsley
South Yorkshire
S70 1TL

HOME FARM BAKERY LIMITED (REGISTERED NUMBER: 05186385)

BALANCE SHEET
30TH NOVEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 5,000
Tangible assets 5 704,486 612,345
704,486 617,345

CURRENT ASSETS
Stocks 6 14,300 29,300
Debtors 7 4,137 9,164
Cash at bank and in hand 2,839 32,410
21,276 70,874
CREDITORS
Amounts falling due within one year 8 310,853 324,618
NET CURRENT LIABILITIES (289,577 ) (253,744 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

414,909

363,601

CREDITORS
Amounts falling due after more than one
year

9

(127,499

)

(85,700

)

PROVISIONS FOR LIABILITIES 12 (89,708 ) (85,032 )
NET ASSETS 197,702 192,869

CAPITAL AND RESERVES
Called up share capital 13 100 100
Retained earnings 197,602 192,769
SHAREHOLDERS' FUNDS 197,702 192,869

HOME FARM BAKERY LIMITED (REGISTERED NUMBER: 05186385)

BALANCE SHEET - continued
30TH NOVEMBER 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th November 2024 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.

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

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29th August 2025 and were signed on its behalf by:




J Clare - Director



Mrs J Clare - Director


HOME FARM BAKERY LIMITED (REGISTERED NUMBER: 05186385)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH NOVEMBER 2024

1. STATUTORY INFORMATION

Home Farm Bakery Limited 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.

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.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of twenty years.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to leasehold - 2% on cost
Fixtures, fittings & equipment - 10% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 33% on cost

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 Profit and Loss Account and Retained Earnings, 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.

HOME FARM BAKERY LIMITED (REGISTERED NUMBER: 05186385)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH NOVEMBER 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 46 (2023 - 48 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st December 2023
and 30th November 2024 100,000
AMORTISATION
At 1st December 2023 95,000
Amortisation for year 5,000
At 30th November 2024 100,000
NET BOOK VALUE
At 30th November 2024 -
At 30th November 2023 5,000

5. TANGIBLE FIXED ASSETS
Improvements Fixtures,
Freehold to fittings
property leasehold & equipment
£    £    £   
COST
At 1st December 2023 129,510 128,878 750,984
Additions 88,597 - 23,379
Disposals - - -
At 30th November 2024 218,107 128,878 774,363
DEPRECIATION
At 1st December 2023 - 22,958 436,746
Charge for year - 2,578 32,197
Eliminated on disposal - - -
At 30th November 2024 - 25,536 468,943
NET BOOK VALUE
At 30th November 2024 218,107 103,342 305,420
At 30th November 2023 129,510 105,920 314,238

HOME FARM BAKERY LIMITED (REGISTERED NUMBER: 05186385)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH NOVEMBER 2024

5. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1st December 2023 110,437 14,573 1,134,382
Additions 35,250 2,070 149,296
Disposals (8,430 ) - (8,430 )
At 30th November 2024 137,257 16,643 1,275,248
DEPRECIATION
At 1st December 2023 53,351 8,982 522,037
Charge for year 13,385 2,589 50,749
Eliminated on disposal (2,024 ) - (2,024 )
At 30th November 2024 64,712 11,571 570,762
NET BOOK VALUE
At 30th November 2024 72,545 5,072 704,486
At 30th November 2023 57,086 5,591 612,345

Included in the net book value of tangible fixed assets held at 30th November 2024 was £106146 (2023 : £91226) in respect of assets held under finance leases and hire purchase contracts.


6. STOCKS
2024 2023
£    £   
Stocks 14,300 29,300

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors - 8,428
VAT 3,224 -
Prepayments 913 736
4,137 9,164

HOME FARM BAKERY LIMITED (REGISTERED NUMBER: 05186385)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH NOVEMBER 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 10) 32,418 51,225
Hire purchase contracts 20,498 13,638
Trade creditors 126,086 78,726
Tax 33,317 38,855
Social security and other taxes 10,445 10,637
VAT - 3,327
Other creditors 6,028 8,042
Directors' current accounts 55,970 90,996
Accrued expenses 26,091 29,172
310,853 324,618

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans (see note 10) 78,190 45,943
Hire purchase contracts 49,309 39,757
127,499 85,700

10. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 9,105 11,308
Bank loans 23,313 39,917
32,418 51,225

Amounts falling due between two and five years:
Bank loans - more than 1 year 78,190 45,943

11. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank overdrafts 9,105 11,308
Bank loans 101,503 85,860
Hire purchase contracts 69,807 53,395
180,415 150,563

HOME FARM BAKERY LIMITED (REGISTERED NUMBER: 05186385)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH NOVEMBER 2024

12. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 89,708 85,032

Deferred
tax
£   
Balance at 1st December 2023 85,032
Movement in the year 4,676
Balance at 30th November 2024 89,708

13. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
98 Ordinary £1 98 98
1 Ordinary "A" £1 1 1
1 Ordinary "B" £1 1 1
100 100

14. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30th November 2024 and 30th November 2023:

2024 2023
£    £   
J Clare
Balance outstanding at start of year - 9,476
Amounts repaid - (9,476 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

Mrs J Clare
Balance outstanding at start of year - 9,476
Amounts repaid - (9,476 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

HOME FARM BAKERY LIMITED (REGISTERED NUMBER: 05186385)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH NOVEMBER 2024

15. RELATED PARTY DISCLOSURES

The directors consider the following to be related parties of the company;

Mr and Mrs J Clare Directors of the company

Transactions with the above related parties were made on a normal commercial basis and were as follows;

2024 2023
£    £   

Rent of premises owned or leased by Mr and Mrs J Clare 30000 30000

16. ULTIMATE CONTROLLING PARTY

The company is under the ultimate control of the directors by virtue of their controlling shareholding in the company.