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Registered number: 06530082
Eyewell Farm Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2025
Adrian Thompson and Co
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 06530082
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 87,331 72,498
87,331 72,498
CURRENT ASSETS
Stocks 5 5,800 5,800
Debtors 6 434,450 351,268
Cash at bank and in hand 147,532 97,708
587,782 454,776
Creditors: Amounts Falling Due Within One Year 7 (594,369 ) (374,099 )
NET CURRENT ASSETS (LIABILITIES) (6,587 ) 80,677
TOTAL ASSETS LESS CURRENT LIABILITIES 80,744 153,175
Creditors: Amounts Falling Due After More Than One Year 8 (16,516 ) (16,613 )
NET ASSETS 64,228 136,562
CAPITAL AND RESERVES
Called up share capital 9 2 2
Profit and Loss Account 64,226 136,560
SHAREHOLDERS' FUNDS 64,228 136,562
Page 1
Page 2
For the 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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr N Hayward
Director
30/10/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Eyewell Farm Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 06530082 . The registered office is 18-20 High Street, Shaftesbury, Dorset, SP7 8JG.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
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 and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold 5% straight line
Plant & Machinery 25% reducing balance
Motor Vehicles 25% reducing balance
Fixtures & Fittings 10% reducing balance
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2024: 5)
5 5
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £ £
Cost
As at 1 April 2024 60,191 206,354 107,495 31,199 405,239
Additions - 1,012 29,231 - 30,243
Disposals - - (13,495 ) - (13,495 )
As at 31 March 2025 60,191 207,366 123,231 31,199 421,987
Depreciation
As at 1 April 2024 20,419 194,435 89,807 28,080 332,741
Provided during the period 3,010 2,980 (4,543 ) 468 1,915
As at 31 March 2025 23,429 197,415 85,264 28,548 334,656
Net Book Value
As at 31 March 2025 36,762 9,951 37,967 2,651 87,331
As at 1 April 2024 39,772 11,919 17,688 3,119 72,498
5. Stocks
2025 2024
£ £
Stock 5,800 5,800
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 429,735 343,764
Other debtors 4,715 7,504
434,450 351,268
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 34,453 34,568
Bank loans and overdrafts 64 10,000
Other creditors 546,076 276,150
Taxation and social security 13,776 53,381
594,369 374,099
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Page 5
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 16,516 16,613
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 2 2
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