Company registration number: 01436507
Unaudited financial statements
for the year ended 31 December 2024
for
Feedmark Limited
Pages for filing with the Registrar
Company registration number: 01436507
Feedmark Limited
Balance sheet
as at 31 December 2024
2024 2023
Note £ £ £ £
Fixed assets
Tangible assets 4 72,374 79,793
72,374 79,793
Current assets
Stocks 85,051 116,567
Debtors 437,616 287,098
Cash at bank and in hand 35,511 22,353
558,178 426,018
Creditors: amounts falling due within one
year 		(271,291) (309,373)
Net current assets 286,887 116,645
Total assets less current liabilities 359,261 196,438
Creditors: Amounts falling due after more
than one year 		(297,111) (96,437)
Provisions for liabilities (12,175) (7,266)
NET ASSETS 49,975 92,735
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account 48,975 91,735
TOTAL EQUITY 49,975 92,735
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 31 December 2024.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: 01436507
Feedmark Limited
Balance sheet - continued
as at 31 December 2024
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 has not been delivered to the Registrar.
Signed by:
Mr C Townsend, Director
23 September 2025
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Feedmark Limited
Notes to the financial statements
for the year ended 31 December 2024
1 Company information
Feedmark Limited is a private company registered in England and Wales. Its registered number is 01436507. The company is limited by shares. Its registered office is Abbey Farm, Langley Abbey Estate, Norwich, Norfolk, NR14 6DG.
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 historic cost convention.
Going concern
In preparing these financial statements, the director has assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the director takes into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The director considers that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, Value Added Tax and other sales taxes.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Depreciation Method:
- - Websites, plant & machinery, Show equipment - 20%
reducing balance
Computers and related equipment - 33% straight line
Office furniture and equipment - 15% reducing balance
Motor vehicles - 25% reducing balance
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
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Feedmark Limited
Notes to the financial statements - continued
for the year ended 31 December 2024
2 Accounting policies - continued
Taxation
Taxation for the year comprises current and deferred taxation. Tax is recognised in the Profit and loss account, 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 taxation
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 been enacted or substantively enacted by the balance sheet date 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 probably that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit and loss in the period to which they relate.
3 Average number of employees
During the year the average number of employees was 12 (2023 - 15).
4 Tangible fixed assets
Depreciation
Method
£
Cost
At 1 January 2024 406,250
Additions 21,466
At 31 December 2024 427,716
Depreciation
At 1 January 2024 326,457
Charge for year 28,885
At 31 December 2024 355,342
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Feedmark Limited
Notes to the financial statements - continued
for the year ended 31 December 2024
4 Tangible fixed assets - continued
Net book value
At 31 December 2024 72,374
At 31 December 2023 79,793
At each balance sheet date the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss.
5 Related party transactions
The company is a 100% owned subsidiary of its Parent company so is exempt from disclosure of
related party transactions made in the normal course of business that are not significant. The Parent
company leases the company's business premises from a related party and conducts marketing, quality
control and product testing activities on behalf of the company. The Parent company recharged
£500,000 (£400,000 in 2023) for general central services.
6 Central Services
The Parent company provides and manages funds for all group companies through a central treasury;
the cost of this and other centrally provided services is recharged to the relevant group company.
Specific services are recharged to the relevant group company. Bank Loans and overdraft interest is
recharged to group companies that have borrowed or lent funds through the central treasury calculated
on intercompany indebtedness at the relevant bank rate of interest. General services are recharged in
proportion to turnover. Amounts owed by group companies are repayable on demand.
7 Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated
impairment losses. Listed investments are measured at fair value. Unlisted investments are measured
at fair value unless the value cannot be measured reliably, in which case they are measured at cost
less any accumulated impairment losses. Changes in fair value are included in the profit and loss
account.
8 Controlling party
The Parent company is Langley Abbey Estates Limited. The ultimate controlling party is Mr C J W
Townsend.
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