Broad Oak Farm Sausage Co. Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 02034575

Broad Oak Farm Sausage Co. Limited

Unaudited financial statements

30 June 2025

Broad Oak Farm Sausage Co. Limited

Statement of financial position

30 June 2025

	2025		2024
Note	£	£	£	£

Fixed assets

Intangible assets	5	125,000	150,000
Tangible assets	6	787,804	783,682
		---------	---------
		912,804	933,682

Current assets

Stocks		266,760	217,161
Debtors	7	1,153,554	1,169,044
Cash at bank and in hand		523,866	729,758
		-----------	-----------
		1,944,180	2,115,963

Creditors: Amounts falling due within one year	8	( 690,722)		( 583,292)
		-----------		-----------
Net current assets			1,253,458		1,532,671
			-----------		-----------
Total assets less current liabilities			2,166,262		2,466,353

Creditors: Amounts falling due after more than one year	9		( 104,203)		( 75,895)

Provisions

Taxation including deferred tax	( 151,642)	( 156,622)
	-----------	-----------
Net assets	1,910,417	2,233,836
	-----------	-----------

Capital and reserves

Called up share capital	100	100
Profit and loss account	1,910,317	2,233,736
	-----------	-----------
Shareholders funds	1,910,417	2,233,836
	-----------	-----------

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 statement of income and retained earnings has not been delivered.

For the year ending 30 June 2025 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 his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Broad Oak Farm Sausage Co. Limited

Statement of financial position (continued)

30 June 2025

These financial statements were approved by the board of directors and authorised for issue on 17 December 2025 , and are signed on behalf of the board by:

C J Simons
Director

Company registration number: 02034575

Broad Oak Farm Sausage Co. Limited

Notes to the financial statements

Year ended 30 June 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Carters Barn, Cage End, Hatfield Broad Oak, Bishops Stortford, Hertfordshire, CM22 7LQ.

2. Statement of compliance

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

Revenue recognition

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. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.

Goodwill

Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Goodwill	-	10% straight line

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

Tangible assets

Tangible assets are initially recorded at cost, and 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.

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	-	5%,10% & 20% reducing balance and 10% straight line
Fixtures and fittings	-	10% & 20% straight line
Motor vehicles	-	25% reducing balance

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 stock to its present location and condition.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

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.

4. Employee numbers

The average number of employees during the year was 46 (2024: 46 ).

5. Intangible assets

	Goodwill
	£
Cost
At 1 July 2024 and 30 June 2025	250,000
	---------
Amortisation
At 1 July 2024	100,000
Charge for the year	25,000
	---------
At 30 June 2025	125,000
	---------
Carrying amount
At 30 June 2025	125,000
	---------
At 30 June 2024	150,000
	---------

6. Tangible assets

	Plant and machinery	Fixtures and fittings	Motor vehicles	Total
	£	£	£	£
Cost
At 1 July 2024	2,267,800	75,244	238,682	2,581,726
Additions	62,783	2,347	101,515	166,645
Disposals	–	–	( 41,500)	( 41,500)
	-----------	-------	---------	-----------
At 30 June 2025	2,330,583	77,591	298,697	2,706,871
	-----------	-------	---------	-----------
Depreciation
At 1 July 2024	1,631,737	61,178	105,129	1,798,044
Charge for the year	108,133	1,717	45,059	154,909
Disposals	–	–	( 33,886)	( 33,886)
	-----------	-------	---------	-----------
At 30 June 2025	1,739,870	62,895	116,302	1,919,067
	-----------	-------	---------	-----------
Carrying amount
At 30 June 2025	590,713	14,696	182,395	787,804
	-----------	-------	---------	-----------
At 30 June 2024	636,063	14,066	133,553	783,682
	-----------	-------	---------	-----------

7. Debtors

	2025	2024
	£	£
Trade debtors	1,114,555	1,131,987
Other debtors	38,999	37,057
	-----------	-----------
	1,153,554	1,169,044
	-----------	-----------

8. Creditors: Amounts falling due within one year

	2025	2024
	£	£
Trade creditors	496,372	416,279
Amounts owed to group companies	–	10,088
Social security and other taxes	77,091	19,176
Other creditors	117,259	137,749
	---------	---------
	690,722	583,292
	---------	---------

Included within creditors are hire purchase agreements amounting to £20,609 (2024: £27,441) secured against the assets to which they relate.

9. Creditors: Amounts falling due after more than one year

	2025	2024
	£	£
Other creditors	104,203	75,895
	---------	-------

Included within creditors are hire purchase agreements amounting to £104,203 (2024: £75,895) secured against the assets to which they relate.