Registered number
07783370
Blackdown Shepherd Huts Ltd
Filleted Accounts
31 March 2025
Blackdown Shepherd Huts Ltd
Registered number: 07783370
Balance Sheet
as at 31 March 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 4 795,528 903,992
Current assets
Stocks 618,163 694,671
Debtors 5 113,747 219,489
Cash at bank and in hand 110,121 90,118
842,031 1,004,278
Creditors: amounts falling due within one year 6 (921,435) (1,086,716)
Net current liabilities (79,404) (82,438)
Total assets less current liabilities 716,124 821,554
Creditors: amounts falling due after more than one year 7 (30,903) (75,948)
Provisions for liabilities (50,188) (75,387)
Net assets 635,033 670,219
Capital and reserves
Called up share capital 2 2
Profit and loss account 635,031 670,217
Shareholders' funds 635,033 670,219
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr W L Vickery
Director
Approved by the board on 16 December 2025
Blackdown Shepherd Huts Ltd
Notes to the Accounts
for the year ended 31 March 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Motor vehicles over 4 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 19 24
3 Intangible fixed assets
Product R&D Website Goodwill Total
£ £ £ £
Cost
At 1 April 2024 12,286 9,550 20,000 41,836
At 31 March 2025 12,286 9,550 20,000 41,836
Amortisation
At 1 April 2024 8,874 9,550 20,000 41,836
At 31 March 2025 12,286 9,550 20,000 41,836
Net book value
At 31 March 2025 - - - -
Goodwill has been written off in equal annual instalments over its estimated economic life of 5 years. Website and Product R&D has been written off over 3 years.
4 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 April 2024 550,234 647,751 190,674 1,388,659
Additions - 1,206 - 1,206
Disposals - - (32,508) (32,508)
At 31 March 2025 550,234 648,957 158,166 1,357,357
Depreciation
At 1 April 2024 - 379,070 105,597 484,667
Charge for the year - 84,890 17,168 102,058
On disposals - - (24,896) (24,896)
At 31 March 2025 - 463,960 97,869 561,829
Net book value
At 31 March 2025 550,234 184,997 60,297 795,528
At 31 March 2024 550,234 268,681 85,077 903,992
5 Debtors 2025 2024
£ £
Trade debtors 101,772 178,764
Other debtors 11,975 40,725
113,747 219,489
6 Creditors: amounts falling due within one year 2025 2024
£ £
Bank loans and overdrafts 10,000 10,000
Obligations under finance lease and hire purchase contracts 34,613 49,176
Trade creditors 218,353 273,221
Taxation and social security costs 59,312 30,457
Other creditors 599,157 723,862
921,435 1,086,716
7 Creditors: amounts falling due after one year 2025 2024
£ £
Bank loans 1,235 11,667
Obligations under finance lease and hire purchase contracts 29,668 64,281
30,903 75,948
8 Controlling party
The company is controlled by the director.
9 Other information
Blackdown Shepherd Huts Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Shrubbery Farm
Catherine Wheel
Ilminster
Somerset
TA19 9LA
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