Eden Farm Supplies (Brough) Limited


Directors	Mrs C Tunstall
	Mr S J Tunstall


Company Secretary	Mrs C Tunstall


Registered Address	Prospect House
	Winton
	Kirkby Stephen
	CA17 4HL


Registered Number	04443914 (England and Wales)

Notes to the Financial Statements
for the year ended 31 December 2024

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Basis of preparation
	The financial statements have been prepared under the historical cost convention on a going concern basis unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.

	Employee benefits
	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 obligation. Contributions to defined contribution plans are expensed in the period to which they relate. Amounts not paid are shown in accruals in the Statement of Financial Position. The assets of the plan are held separately from the company in independently administered funds.

Employee benefits

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 obligation.

Contributions to defined contribution plans are expensed in the period to which they relate.  Amounts not paid are shown in accruals in the Statement of Financial Position.  The assets of the plan are held separately from the company in independently administered funds.

	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 obligation. Contributions to defined contribution plans are expensed in the period to which they relate. Amounts not paid are shown in other creditors in the Statement of Financial Position. The assets of the plan are held separately from the company in independently administered funds.

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 obligation. 

Contributions to defined contribution plans are expensed in the period to which they relate.  Amounts not paid are shown in other creditors in the Statement of Financial Position.  The assets of the plan are held separately from the company in independently administered funds.

	Current taxation
	Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	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.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. 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 disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement. Depreciation is provided on all tangible fixed assets as follows:

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost or valuation less depreciation. 

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 disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement.

Depreciation is provided on all tangible fixed assets as follows:


	Reducing balance (%)	Straight line (years)
Land and buildings	-	50
Plant and machinery	25	-
Fixtures and fittings	10	-
Vehicles	25	-
Office Equipment	-	3

	Finance leases and hire purchase contracts
	Assets held under finance leases, which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the Statement of Financial Position. They are depreciated over the shorter of their useful lives or the term of the lease. All other lease arrangements are classified as an operating lease. Payments made under operating leases are charged to the Income Statement on a straight line basis over the lease term.

Finance leases and hire purchase contracts

Assets held under finance leases, which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the Statement of Financial Position. They are depreciated over the shorter of their useful lives or the term of the lease. All other lease arrangements are classified as an operating lease.

Payments made under operating leases are charged to the Income Statement on a straight line basis over the lease term.

	Stocks and work in progress
	Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete). At each date of Statement of Financial Position, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to completed the sale. The impairment loss is recognised immediately in the Income Statement.

	Financial instruments
	The Company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

2.	Average number of employees


		2024		2023
	Average number of employees during the year	20		20

3.	Intangible assets

	Goodwill	Total
	£	£
Cost or valuation
At 01 January 24	79,600	79,600
At 31 December 24	79,600	79,600
Amortisation and impairment
At 01 January 24	79,600	79,600
At 31 December 24	79,600	79,600
Net book value
At 31 December 24	-	-
At 31 December 23	-	-

4.	Tangible fixed assets

	Land & buildings	Plant & machinery	Vehicles	Fixtures & fittings	Office Equipment	Total
	£	£	£	£	£	£
Cost or valuation
At 01 January 24	193,365	32,527	546,247	10,328	36,261	818,728
Additions	-	-	183,975	-	246	184,221
Disposals	-	-	(135,828)	-	-	(135,828)
At 31 December 24	193,365	32,527	594,394	10,328	36,507	867,121
Depreciation and impairment
At 01 January 24	30,875	28,200	293,168	8,321	36,262	396,826
Charge for year	3,867	1,089	52,297	201	-	57,454
On disposals	-	-	(66,876)	-	-	(66,876)
At 31 December 24	34,742	29,289	278,589	8,522	36,262	387,404
Net book value
At 31 December 24	158,623	3,238	315,805	1,806	245	479,717
At 31 December 23	162,490	4,327	253,079	2,007	(1)	421,902

5.	Stocks

	2024	2023
	£	£
Finished goods	1,792,458	1,625,563
Total	1,792,458	1,625,563

6.	Debtors: amounts due within one year

	2024	2023
	£	£
Trade debtors / trade receivables	916,898	1,109,665
Other debtors	148,590	154,207
Prepayments and accrued income	3,542	21,132
Total	1,069,030	1,285,004


	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

7.	Creditors: amounts due within one year

	2024	2023
	£	£
Trade creditors / trade payables	720,242	534,194
Taxation and social security	9,644	36,004
Finance lease and HP contracts	1,650	3,340
Other creditors	100,618	199,633
Accrued liabilities and deferred income	14,800	14,101
Total	846,954	787,272


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. Finance lease and hire purchase contracts are secured on the assets to which they relate.

8.	Creditors: amounts due after one year

	2024	2023
	£	£
Other creditors	-	815
Total	-	815


	Finance lease and hire purchase contracts are secured on the assets to which they relate.

9.	Obligations under finance leases

		2024		2023
		£		£
	Finance lease and HP contracts	1,650		4,155

10.	Provisions for liabilities
	Provisions are made where an event has taken place that gives the company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate of the settlement can be made. The provision for deferred tax is in respect of accelerated capital allowances, general provisions and trading losses.

	2024	2023
	£	£
Net deferred tax liability (asset)	85,000	74,000
Total	85,000	74,000

11.	Directors advances, credits and guarantees
	During the year two of the directors had a loan account with the company. As of 1 January 2024, the directors owed the company £101,470. During the year the company provided further loan advances of £129,815 and the directors repaid £120,000 to the company. As of 31 December 2024, the director owed the company £111,285. The company charged the directors interest of £1,471 in accordance with HMRC's official rate for beneficial loan arrangements.

11.

Directors advances, credits and guarantees

During the year two of the directors had a loan account with the company.  As of 1 January 2024, the directors owed the company £101,470.  During the year the company provided further loan advances of £129,815 and the directors repaid £120,000 to the company.  As of 31 December 2024, the director owed the company £111,285.  The company charged the directors interest of £1,471 in accordance with HMRC's official rate for beneficial loan arrangements.

12.	Related party transactions
	As of 1 January 2024, the company owed a director £171,155. During the year this director was advanced a further £132,610 and repaid to the company £34,000. As of 31 December 2024, the company owed the director £72,544. The loan to the company is interest free and repayable on demand.

	Notes	2024		2023
		£	£	£	£
Fixed assets
Tangible assets	4		479,717		421,902
			479,717		421,902
Current assets
Stocks	5	1,792,458		1,625,563
Debtors	6	1,069,030		1,285,004
Cash at bank and on hand		596,252		540,461
		3,457,740		3,451,028
Creditors amounts falling due within one year	7	(846,954)		(787,272)
Net current assets (liabilities)			2,610,786		2,663,756
Total assets less current liabilities			3,090,503		3,085,658
Creditors amounts falling due after one year	8		-		(815)
Provisions for liabilities	10		(85,000)		(74,000)
Net assets			3,005,503		3,010,843
Capital and reserves
Called up share capital			100		100
Profit and loss account			3,005,403		3,010,743
Shareholders' funds			3,005,503		3,010,843