2024-04-01 2025-03-31 05038375 GR Farmer &amp; Sons Limited false 05038375 2024-04-01 2025-03-31 05038375 uk-bus:Director1 2024-04-01 2025-03-31 05038375 uk-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 05038375 uk-bus:SmallEntities 2024-04-01 2025-03-31 05038375 uk-bus:FullAccounts 2024-04-01 2025-03-31 05038375 uk-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 05038375 2024-04-01 05038375 2025-03-31 05038375 2024-03-31 xbrli:pure iso4217:GBP 05038375 2023-04-01 2024-03-31

Company Registration Number : 05038375 (England and Wales)
05038375
This company is a private limited company
This company sells stuff to other companies
The company was trading for the entire period
Full Accounts
2025-03-31
false
GR Farmer &amp; Sons Limited
The accounts were prepared in accordance with FRS102A
The accounts have been audited
2024-04-01
GR Farmer & Sons Limited Unaudited filleted financial statements For the year ended 31 March 2025

GR Farmer & Sons Limited Contents For the year ended 31 March 2025

CONTENTS | PAGE
Company Information | 3
Statement of Financial Position | 4
Notes to the Financial Statements | 5 - 7

GR Farmer & Sons Limited Company Information For the year ended 31 March 2025

Company registration number |  | 05038375 (England and Wales)
Directors |  | Mrs E Farmer
|  | Mr G R Farmer
|  | Mr I G Farmer
|  | Mr R J Farmer
Registered office address |  | 6 The Linen Yard
|  | South Street
|  | Crewkerne
|  | Somerset
|  | TA18 8AB
Accountant |  | Chalmers & Co (SW) Limited
|  | Chartered Accountants
|  | 6 The Linen Yard
|  | South Street, Crewkerne
|  | Somerset
|  | TA18 8AB
|  | UK

GR Farmer & Sons Limited Statement of Financial Position For the year ended 31 March 2025

|  |  | 2025 |  | 2024
| Notes |  | £ |  | £
Fixed assets |  |  |  |  |
Property, plant and equipment |  |  | 710,363 |  | 676,190
| 5 |  | 710,363 |  | 676,190
Current assets |  |  |  |  |
Inventories |  |  | 3,814 |  | 2,985
Debtors |  |  | 120,838 |  | 94,764
Cash and cash equivalents |  |  | 7,594 |  | 48,426
|  |  | 132,247 |  | 146,175
Current liabilities |  |  |  |  |
Creditors: Amounts falling due within one year |  |  | (218,477) |  | (227,510)
Corporation tax payable |  |  | (23,157) |  | (18,248)
|  |  | (241,634) |  | (245,757)
Net current (liabilities)/assets |  |  | (109,388) |  | (99,582)
Total assets less current liabilities |  |  | 600,975 |  | 576,608
Non-current liabilities |  |  |  |  |
Creditors: Amounts falling due after more than one year |  |  | (24,000) |  | (46,000)
Provisions for liabilities |  |  | (170,982) |  | (162,035)
Net assets/(liabilities) |  |  | 405,994 |  | 368,573
Capital and reserves |  |  |  |  |
Called up share capital |  |  | 600 |  | 600
Retained earnings |  |  | 405,394 |  | 367,973
Shareholder's funds |  |  | 405,994 |  | 368,573
For the year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006. The directors have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibility for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These accounts have been prepared in accordance with the special provisions of the Companies Act 2006 applicable to companies subject to the small companies' regime and in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A. The profit and loss account has not been delivered to the Registrar of Companies in accordance with the special provisions applicable to companies subject to the small entities regime. All the members of the company have consented to the drawing up of the abridged balance sheet.
For the year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibility for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 18 December 2025
.............................
Mrs E Farmer (Director)
Company registration number: 05038375

/* == Copy of Frs105 Balance Sheet for XML COntent ============================================================ */

Balance sheet at 2025-03-31 31 March 2025
|  |  |  | 2025 |  | 2024
|  |  |  | £ |  | £
Fixed Assets |  |  |  | 710,363 |  | 676,190
Current Assets |  |  |  | 105,332 |  | 125,809
Cash in Hand/Bank |  |  |  | 6,814 |  | 48,246
Prepayments and accrued income |  |  |  | 26,915 |  | 20,366
Creditors: amounts falling due within one year |  |  |  | (241,634) |  | (245,757)
Net current assets/(liabilities) |  |  |  | (109,388) |  | (99,582)
Total assets less current liabilities |  |  |  | 600,975 |  | 576,608
CREDITORS: Amounts falling due more than one year |  |  |  | (24,000) |  | (46,000)
Provisions for liabilities |  |  |  | (170,982) |  | (162,035)
Net Assets/(liabilities) |  |  |  | 405,994 |  | 368,573
Capital and Reserves |  |  |  | 405,994 |  | 368,573
Called up share capital |  |  |  | 600 |  | 600
Profit and loss account |  |  |  | 405,394 |  | 367,973
SHAREHOLDER'S FUND |  |  |  | 405,994 |  | 368,573
For the year ending 31/03/2025 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. For the year ending 31-03-2025 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit for the year in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the small companies provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Approved by the board of directors on 18 December 2025 2025-12-18 and signed on behalf of the board, |  |  |  |  |  |  |  |  |  |
............................. |  |  |  |  |  |  |  |  |  |
Mrs E Farmer |  |  |  |  |  |  |  |  |  |
Director |  |  |  |  |  |  |  |  |  |
Company registration number: 05038375 |  |  |  |  |  |  |  |  |  |

GR Farmer & Sons Limited Notes to the Financial Statements For the year ended 31 March 2025

(1) General Information
The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is 6 The Linen Yard, South Street, Crewkerne, Somerset, TA18 8AB.
(2) Statement of compliance
These individual financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A and Companies Act 2006, as applicable to companies subject to the small companies' regime.
(3) Significant Accounting Policies
Basis of Preparation
The financial statements have been prepared on the historical cost basis and in accordance with the Companies Act 2006. The presentation and functional currency of the company is pounds sterling. The financial statements are presented in pound units (£) unless stated otherwise.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. The company recognises revenue when the amount of revenue can be measured reliably, when it is probable that future economic benefits will flow to the entity and when specific criteria have been met as described below.
Sale of goods
Sales of goods are recognised when the company has delivered the goods to the customer, no other significant obligation remains unfulfilled that may affect the customer's acceptance of the products and risks and rewards of ownership have transferred to them.
Rendering of Services
Revenue from provision of services rendered in the reporting period is recognised when the outcome of a transaction for the rendering of services can be estimated reliably in terms of revenue, costs and its stage of completion of the specific transaction at the end of the reporting period. The stage of completion is determined on the basis of the actual completion of a proportion of the total services to be rendered. When the outcome of a service contract cannot be estimated reliably the company only recognises revenue to the extent of the recoverable expenses recognised.
Borrowing costs
All borrowing related costs are included within the statement of income in the period in which they are incurred using the effective interest method.
Property, plant and equipment
Property, plant and equipment is stated at cost less accumulated depreciation and impairment losses. Part of an item of property, plant and equipment having different useful lives are accounted for as separate items. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives, using the straight-line method. The estimated useful lives, residual values and depreciation method are reviewed at the end of each reporting period, with the effect of any changes in estimate accounted for on a prospective basis. Depreciation is provided to write off the cost less estimated residual value, of each asset over its expected useful life as follows:
Asset class and depreciation rate
Land and Buildings | 10% reducing balance
Plant and Machinery | 25% reducing balance
Short Leasehold Properties |
Investment Properties |
Long Leasehold Properties |
Commercial Vehicles | 25% reducing balance
Fixtures and Fittings |
Equipment |
Motor Cars |
Inventories
Inventories are measured at the lower of cost and net realisable value. Costs of inventories are determined on a first-in-first-out basis. Net realisable value represents the estimated selling price for inventories less all estimated costs necessary to make the sale.
Leases
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee. All other leases are classified as operating leases. The company as lessee Assets held under finance leases are initially recognised as assets of the company at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately in the income statement. Operating lease payments are recognised as an expense on a straight-line basis over the lease term. In the event that lease incentives are received to enter into operating leases,the aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis over the lease period.
Taxation
Taxation expense represents the aggregate amount of current tax and deferred tax recognised in the reporting period.
Current Tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit before tax as reported in the income statement because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred Tax
A deferred tax asset or liability is recognised for tax recoverable or payable in future periods in respect of transactions and events recognised in the financial statements of current and previous periods. Deferred tax arises from timing differences that are differences between taxable profits and total comprehensive income as stated in the financial statements. Timing differences result from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in the financial statements. Deferred tax is recognised on all timing differences at the reporting date apart from certain exceptions. Unrelieved tax losses and other deferred tax assets are only recognised 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 liabilities and assets are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.
Employee benefits
Payments to defined contribution retirement benefit plans are recognised as an expense when employees have rendered service entitling them to the contributions. The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.
(4) Employees
During the year, the average number of employees including director was 6 (2024 : 6).
(5) Fixed assets
| Tangible £
Cost |
As at 01 April 2024 | 1,870,995
Additions | 327,950
Disposals | (115,550)
As at 31 March 2025 | 2,083,395
Depreciation/Amortisation |
As at 01 April 2024 | 1,194,805
For the year | 277,268
Write off on disposals | (99,041)
As at 31 March 2025 | 1,373,032
Net book value |
As at 31 March 2025 | 710,363
As at 31 March 2024 | 676,190