Ashlyns Farm Shop & Restaurant Limited 31/12/2024 iXBRL

Company registration number: 10699120

Ashlyns Farm Shop & Restaurant Limited

Unaudited filleted financial statements

31 December 2024

Ashlyns Farm Shop & Restaurant Limited

Contents

Statement of financial position

Notes to the financial statements

Ashlyns Farm Shop & Restaurant Limited

Statement of financial position

31 December 2024

		2024		2023
	Note	£	£	£	£

Fixed assets
Tangible assets	5	7,643		13,362
		_______		_______
			7,643		13,362

Current assets
Stocks		10,397		10,974
Debtors	6	68,414		76,258
Cash at bank and in hand		64,457		35,941
		_______		_______
		143,268		123,173
Creditors: amounts falling due
within one year	7	( 104,157)		( 100,221)
		_______		_______
Net current assets			39,111		22,952
			_______		_______
Total assets less current liabilities			46,754		36,314

Creditors: amounts falling due
after more than one year	8		( 4,167)		( 14,167)

Provisions for liabilities			( 1,121)		( 2,539)

			_______		_______
Net assets			41,466		19,608
			_______		_______

Capital and reserves
Called up share capital			2		2
Profit and loss account			41,464		19,606
			_______		_______
Shareholders funds			41,466		19,608
			_______		_______

For the year ending 31 December 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 financial statements for the year in question in accordance with section 476;

- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 19 September 2025 , and are signed on behalf of the board by:

Philip Benjamin Redding

Director

Company registration number: 10699120

Ashlyns Farm Shop & Restaurant Limited

Notes to the financial statements

Year ended 31 December 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 4 Cornhouse Buildings, Claydons Lane, Rayleigh, Essex, SS6 7UP.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. 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 is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:


Plant and machinery	-	25 %	straight line
Computer equipment	-	33 %	straight line

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.

4. Staff costs

The average number of persons employed by the company during the year amounted to 22 (2023: 22 ).

The aggregate payroll costs incurred during the year were:

	2024	2023
	£	£
Wages and salaries	311,120	288,580
Social security costs	16,967	14,079
Other pension costs	5,054	4,778
	_______	_______
	333,141	307,437
	_______	_______

5. Tangible assets

	Plant and machinery	Fixtures, fittings and equipment	Total
	£	£	£
Cost
At 1 January 2024	77,726	7,381	85,107
Additions	2,929	765	3,694
Disposals	( 1,589)	( 161)	( 1,750)
	_______	_______	_______
At 31 December 2024	79,066	7,985	87,051
	_______	_______	_______
Depreciation
At 1 January 2024	65,378	6,367	71,745
Charge for the year	7,353	1,352	8,705
Disposals	( 881)	( 161)	( 1,042)
	_______	_______	_______
At 31 December 2024	71,850	7,558	79,408
	_______	_______	_______
Carrying amount
At 31 December 2024	7,216	427	7,643
	_______	_______	_______
At 31 December 2023	12,348	1,014	13,362
	_______	_______	_______

6. Debtors

	2024	2023
	£	£
Trade debtors	1,795	9,016
Other debtors	66,619	67,242
	_______	_______
	68,414	76,258
	_______	_______

7. Creditors: amounts falling due within one year

	2024	2023
	£	£
Bank loans and overdrafts	10,000	10,000
Trade creditors	61,626	51,976
Corporation tax	5,098	6,663
Social security and other taxes	20,768	18,760
Other creditors	6,665	12,822
	_______	_______
	104,157	100,221
	_______	_______

8. Creditors: amounts falling due after more than one year

	2024	2023
	£	£
Bank loans and overdrafts	4,167	14,167
	_______	_______

9. Directors advances, credits and guarantees

	During the year the director entered into the following advances and credits with the company:

2024
		Balance brought forward	Advances /(credits) to the director	Amounts repaid	Balance o/standing
		£	£	£	£
	Philip Charles Podevin	15,295	345	-	15,640
	Philip Benjamin Redding	34,746	( 862)	-	33,884
		_______	_______	_______	_______
		50,041	( 517)	-	49,524
		_______	_______	_______	_______

2023
		Balance brought forward	Advances /(credits) to the director	Amounts repaid	Balance o/standing
		£	£	£	£
	Philip Charles Podevin	14,996	299	-	15,295
	Philip Benjamin Redding	37,722	681	( 3,657)	34,746
		_______	_______	_______	_______
		52,718	980	( 3,657)	50,041
		_______	_______	_______	_______