REGISTERED NUMBER: 06498514 (England and Wales)

Farmer Copleys Farm Shop Limited

Financial Statements

for the Year Ended 31 March 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr R G Copley

Mrs H D Copley

SECRETARY:

Mrs H D Copley

REGISTERED OFFICE:

Ravensknowle Farm

Pontefract Road

Purston

Pontefract

West Yorkshire

WF7 5AF

REGISTERED NUMBER:

06498514 (England and Wales)

ACCOUNTANTS:

SMH Jolliffe Cork Ltd

Accountants & Business Advisors

33 George Street

Wakefield

West Yorkshire

WF1 1LX

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

2,477,031

2,553,606

2,477,031

2,553,606

CURRENT ASSETS

Stocks

239,417

185,784

Debtors

6

83,837

87,757

Cash at bank and in hand

200,940

230,148

524,194

503,689

CREDITORS

Amounts falling due within one year

7

744,722

875,419

NET CURRENT LIABILITIES

(220,528

)

(371,730

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,256,503

2,181,876

CREDITORS

Amounts falling due after more than one year

8

(1,013,895

)

(1,181,045

)

PROVISIONS FOR LIABILITIES

(204,327

)

(213,231

)

NET ASSETS

1,038,281

787,600

CAPITAL AND RESERVES

Called up share capital

10

100

100

Retained earnings

1,038,181

787,500

SHAREHOLDERS' FUNDS

1,038,281

787,600

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 11 December 2025 and were signed on its behalf by:

Mr R G Copley - Director

1.	STATUTORY INFORMATION

Farmer Copleys Farm Shop 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.

The functional and presentation currency for the company is the pound sterling (£). All financial information presented has been rounded to the nearest (£), unless otherwise stated.

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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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.

Freehold land and buildings

-

2% on cost

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Equipment

-

25% on reducing balance

All fixed assets are initially recorded at cost.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

The company has chosen to adopt Sections 11 and 12 of FRS 102 in respect of financial instruments.

All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Financial assets and liabilities are only offset in the balance sheet when and only when there exists a legally enforceable right to set off the recognised amounts and the company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Financial assets are derecognised when and only when; a) the contractual rights to the cash flows from the financial asset expire or are settled, b) the company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or, c) the company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Financial liabilities are derecognised only when the obligation specified in the contract is discharged, cancelled or expires.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Operating lease agreements

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

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 87 (2024 - 81 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

323,751

AMORTISATION

At 1 April 2024

and 31 March 2025

323,751

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Freehold

Fixtures

land and

Plant and

and

buildings

machinery

fittings

£

£

£

COST

At 1 April 2024

2,337,321

1,053,297

195,846

Additions

5,011

99,432

29,761

Disposals

-

(14,415

)

-

At 31 March 2025

2,342,332

1,138,314

225,607

DEPRECIATION

At 1 April 2024

493,616

591,363

101,554

Charge for year

40,579

133,274

28,600

Eliminated on disposal

-

(7,695

)

-

At 31 March 2025

534,195

716,942

130,154

NET BOOK VALUE

At 31 March 2025

1,808,137

421,372

95,453

At 31 March 2024

1,843,705

461,934

94,292

Motor

vehicles

Equipment

Totals

£

£

£

COST

At 1 April 2024

215,070

28,132

3,829,666

Additions

40,000

2,338

176,542

Disposals

(4,100

)

-

(18,515

)

At 31 March 2025

250,970

30,470

3,987,693

DEPRECIATION

At 1 April 2024

75,645

13,882

1,276,060

Charge for year

37,793

5,279

245,525

Eliminated on disposal

(3,228

)

-

(10,923

)

At 31 March 2025

110,210

19,161

1,510,662

NET BOOK VALUE

At 31 March 2025

140,760

11,309

2,477,031

At 31 March 2024

139,425

14,250

2,553,606

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

Freehold

land and

Plant and

Motor

buildings

machinery

vehicles

Totals

£

£

£

£

COST

At 1 April 2024

and 31 March 2025

20,233

145,093

129,575

294,901

DEPRECIATION

At 1 April 2024

-

100,687

26,521

127,208

Charge for year

-

11,101

25,764

36,865

At 31 March 2025

-

111,788

52,285

164,073

NET BOOK VALUE

At 31 March 2025

20,233

33,305

77,290

130,828

At 31 March 2024

20,233

44,406

103,054

167,693

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

25,547

61,872

Prepayments and accrued income

58,290

25,885

83,837

87,757

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

48,093

48,093

Other loans

84,244

84,244

Hire purchase contracts

29,797

44,871

Trade creditors

175,549

131,645

Tax

142,181

100,992

Social security and other taxes

18,594

16,066

VAT

62,969

58,541

Other creditors

95,314

90,426

Directors' current accounts

52,413

263,134

Accruals and deferred income

35,568

37,407

744,722

875,419

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 1-2 years

914,564

966,669

Other loans - 1-2 years

64,524

148,768

Hire purchase contracts

34,807

65,608

1,013,895

1,181,045

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

962,657

1,014,762

Hire purchase contracts

64,604

110,479

Other loans

-

233,012

1,027,261

1,358,253

Bank loans are secured by way of a fixed and floating charge over all the property and undertaking of the company.

Other loans rank after the bank loan and are secured by way of a debenture over the assets of the company and a personal guarantee from the directors.

Obligations under hire purchase are secured against the assets to which they relate.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

£1

100

100