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Registration number: 09003737

Ashgrove Farm Produce Ltd
Annual Report and Unaudited Filleted Abridged Financial Statements
for the Year Ended 31 March 2025

Ashgrove Farm Produce Ltd

Contents

Abridged Balance Sheet | 1 to 2
Notes to the Unaudited Abridged Financial Statements | 3 to 4

Ashgrove Farm Produce Ltd

(Registration number: 09003737)
Abridged Balance Sheet as at 31 March 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 375 | 562
Current assets |  |  |
Stocks |  | 8,705 | 12,680
Debtors |  | 1,165 | 386
Cash at bank and in hand |  | 1,204 | 294
|  | 11,074 | 13,360
Creditors: Amounts falling due within one year |  | (22,535) | (18,996)
Net current liabilities |  | (11,461) | (5,636)
Net liabilities |  | (11,086) | (5,074)
Capital and reserves |  |  |
Called up share capital |  | 100 | 100
Profit and loss account |  | (11,186) | (5,174)
Total equity |  | (11,086) | (5,074)

Ashgrove Farm Produce Ltd

(Registration number: 09003737)
Abridged Balance Sheet as at 31 March 2025

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

| The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
| The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

All of the Company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the director on 24 September 2025

Mrs A L Lee

Director

Ashgrove Farm Produce Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Ashgrove Farm
Sand
Wedmore
Somerset
BS28 4XF

These financial statements were authorised for issue by the director on 24 September 2025.

2 | Accounting policies

Statement of compliance

These abridged financial statements were prepared in accordance with Financial Reporting Standard 102 Section 1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern
The financial statements have been prepared on a going concern basis. Of the company's liabilities at 31 March 2025, £20,734 is owed to associated companies, shareholders and the director, who have agreed not to demand repayment of this amount for at least one year after the date of the approval of these accounts to the extent that any such repayment would jeopardise the future of the company. The associated companies, shareholders and director have also agreed that they will continue to provide financial support for at least 12 months from the date of approval of these accounts.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when the amount of revenue can be reliably measured, it is probable the future economic benefits will flow into the entity, and specific criteria have been met for each of the company activities.

Tax

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

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

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Plant and machinery | 25% Straight Line

Ashgrove Farm Produce Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2025

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are 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.

3 | Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2024 - 1).

4 | Tangible assets

| Total £
Cost or valuation
At 1 April 2024 | 8,077
At 31 March 2025 | 8,077
Depreciation
At 1 April 2024 | 7,515
Charge for the year | 187
At 31 March 2025 | 7,702
Carrying amount
At 31 March 2025 | 375
At 31 March 2024 | 562

5 | Related party transactions

Summary of transactions with other related parties

Within other creditors is a loan from Equine Blades Direct Limited for £13,516 (2024 - £13,516) which is a related company under common control.