REGISTERED NUMBER: 06904944 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Farmsaver Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

N A Gooch

SECRETARY:

REGISTERED OFFICE:

64-66 Westwick Street

Norwich

Norfolk

NR2 4SZ

REGISTERED NUMBER:

06904944 (England and Wales)

ACCOUNTANTS:

Calum Ward & Co Ltd

Market House

Church Street

Harleston

Norfolk

IP20 9BB

FIXED ASSETS

Intangible assets

4

1,445,000

1,445,000

Tangible assets

5

45,448

56,475

1,490,448

1,501,475

CURRENT ASSETS

Stocks

2,451,861

3,351,134

Debtors

6

9,947,100

6,050,681

Prepayments and accrued income

2,104,252

1,119,239

Cash at bank

12,153

11,226

14,515,366

10,532,280

CREDITORS

Amounts falling due within one year

7

3,117,980

2,336,613

NET CURRENT ASSETS

11,397,386

8,195,667

TOTAL ASSETS LESS CURRENT LIABILITIES

12,887,834

9,697,142

CREDITORS

Amounts falling due after more than one year

8

9,191,254

5,858,048

NET ASSETS

3,696,580

3,839,094

CAPITAL AND RESERVES

Called up share capital

100

100

Revaluation reserve

9

800,000

800,000

Retained earnings

2,896,480

3,038,994

3,696,580

3,839,094

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 N A Gooch the director and authorised for issue on 5 November 2025 and were signed by:

N A Gooch - Director

1.	STATUTORY INFORMATION

Farmsaver 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.

Stocks

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

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss 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 17 (2023 - 10 ) .

4.	INTANGIBLE FIXED ASSETS

Data

Registrations

Totals

£

£

£

COST

At 1 January 2024

and 31 December 2024

645,000

800,000

1,445,000

NET BOOK VALUE

At 31 December 2024

645,000

800,000

1,445,000

At 31 December 2023

645,000

800,000

1,445,000

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

fittings

vehicles

Totals

£

£

£

COST

At 1 January 2024

and 31 December 2024

7,407

82,801

90,208

DEPRECIATION

At 1 January 2024

2,055

31,678

33,733

Charge for year

803

10,224

11,027

At 31 December 2024

2,858

41,902

44,760

NET BOOK VALUE

At 31 December 2024

4,549

40,899

45,448

At 31 December 2023

5,352

51,123

56,475

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

1,042,567

1,079,233

Other debtors

8,904,533

4,971,448

9,947,100

6,050,681

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade creditors

1,588,115

939,174

Taxation and social security

1,174,118

944,442

Other creditors

355,747

452,997

3,117,980

2,336,613

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans

9,191,254

5,858,048

9.

RESERVES

Revaluation

reserve

£

At 1 January 2024

and 31 December 2024

800,000