REGISTERED NUMBER: 04644990 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Blaeneifed Farms Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D W Jones

J G Jones

W W Jones

SECRETARY:

Mrs B G Jones

REGISTERED OFFICE:

The Old School,

The Quay

Carmarthen

Carmarthenshire

SA31 3JP

REGISTERED NUMBER:

04644990 (England and Wales)

FIXED ASSETS

Tangible assets

4

678,508

636,190

Investments

5

2,626

2,626

681,134

638,816

CURRENT ASSETS

Stocks

174,490

160,960

Debtors

6

112,840

58,560

Cash at bank

77,032

110,864

364,362

330,384

CREDITORS

Amounts falling due within one year

7

121,786

95,147

NET CURRENT ASSETS

242,576

235,237

TOTAL ASSETS LESS CURRENT LIABILITIES

923,710

874,053

CREDITORS

Amounts falling due after more than one year

8

(90,716

)

(109,020

)

PROVISIONS FOR LIABILITIES

(94,933

)

(83,110

)

NET ASSETS

738,061

681,923

CAPITAL AND RESERVES

Called up share capital

4

4

Retained earnings

738,057

681,919

SHAREHOLDERS' FUNDS

738,061

681,923

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 December 2025 and were signed on its behalf by:

D W Jones - Director

1.	STATUTORY INFORMATION

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

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 historical cost convention.

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.

Plant and machinery

-

20% on reducing balance and 15% on 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

to

Plant and

Computer

property

machinery

equipment

Totals

£

£

£

£

COST

At 1 April 2024

178,906

1,192,577

3,381

1,374,864

Additions

-

160,860

-

160,860

Disposals

-

(45,750

)

-

(45,750

)

At 31 March 2025

178,906

1,307,687

3,381

1,489,974

DEPRECIATION

At 1 April 2024

-

735,437

3,237

738,674

Charge for year

-

102,157

144

102,301

Eliminated on disposal

-

(29,509

)

-

(29,509

)

At 31 March 2025

-

808,085

3,381

811,466

NET BOOK VALUE

At 31 March 2025

178,906

499,602

-

678,508

At 31 March 2024

178,906

457,140

144

636,190

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

£

COST

At 1 April 2024

219,500

Additions

65,900

Transfer to ownership

(173,500

)

At 31 March 2025

111,900

DEPRECIATION

At 1 April 2024

70,781

Charge for year

22,380

Transfer to ownership

(70,781

)

At 31 March 2025

22,380

NET BOOK VALUE

At 31 March 2025

89,520

At 31 March 2024

148,719

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 April 2024

and 31 March 2025

2,626

NET BOOK VALUE

At 31 March 2025

2,626

At 31 March 2024

2,626

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

74,653

51,943

Other debtors

38,187

6,617

112,840

58,560

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

16,390

16,375

Hire purchase contracts

15,700

20,750

Trade creditors

56,109

33,164

Taxation and social security

33,545

24,637

Other creditors

42

221

121,786

95,147

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

84,116

100,520

Hire purchase contracts

6,600

8,500

90,716

109,020

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

2,168

48,255

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25

31.3.24

£

£

D W Jones

Balance outstanding at start of year

(220

)

(6,378

)

Amounts advanced

84,146

57,328

Amounts repaid

(83,967

)

(51,170

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(41

)

(220

)

10.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr DW Jones, Mrs BG Jones, Mr JG Jones and Mr WW Jones.