Registration number: 03219715

Lune and Fylde Farmers Limited

Contents

Accountants' Report	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Lune and Fylde Farmers Limited
for the Year Ended 31 July 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Lune and Fylde Farmers Limited for the year ended 31 July 2025 as set out on pages 2 to 7 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Lune and Fylde Farmers Limited, as a body, in accordance with the terms of our engagement letter dated 5 December 2024. Our work has been undertaken solely to prepare for your approval the accounts of Lune and Fylde Farmers Limited and state those matters that we have agreed to state to the Board of Directors of Lune and Fylde Farmers Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Lune and Fylde Farmers Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Lune and Fylde Farmers Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Lune and Fylde Farmers Limited. You consider that Lune and Fylde Farmers Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Lune and Fylde Farmers Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

Dodd & Co Limited
Chartered Accountants
FIFTEEN Rosehill
Montgomery Way
Rosehill Estate
CARLISLE
CA1 2RW

21 October 2025

Lune and Fylde Farmers Limited

(Registration number: 03219715)
Balance Sheet as at 31 July 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	64,231	59,631
Current assets
Stocks		1,561	3,719
Debtors	5	653,287	699,578
Cash at bank and in hand		106,622	57,794
		761,470	761,091
Creditors: Amounts falling due within one year	6	(749,675)	(765,081)
Net current assets/(liabilities)		11,795	(3,990)
Total assets less current liabilities		76,026	55,641
Provisions for liabilities		(12,463)	(12,087)
Net assets		63,563	43,554
Capital and reserves
Allotted, called up and fully paid share capital		5,302	5,302
Profit and loss account		58,261	38,252
Total equity		63,563	43,554

For the financial year ending 31 July 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 accounts for the year in question in accordance with section 476; and
•	The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 21 October 2025
 

.........................................

L A Holden

Company secretary and director

Lune and Fylde Farmers Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
No 6 The Coach House
Newton Business Centre
Newton Hall
CARNFORTH
LA6 2NZ

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Lune and Fylde Farmers Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025 (continued)

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Buildings	10 years straight line basis
Plant and equipment	20% reducing balance basis
Motor vehicles	25% reducing balance basis
Furniture, fittings and office equipment	15% reducing balance basis and 3 years straight line basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for the sale of goods or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Lune and Fylde Farmers Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025 (continued)

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method where due after more than one year.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 3 (2024 - 3).

Lune and Fylde Farmers Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025 (continued)

4	Tangible assets

	Land and buildings £	Plant and equipment  £	Motor vehicles  £	Furniture, fittings and office equipment  £	Total £
Cost or valuation
At 1 August 2024	4,755	10,624	55,349	39,999	110,727
Additions	8,097	-	17,271	2,299	27,667
Disposals	-	(4,000)	-	-	(4,000)
At 31 July 2025	12,852	6,624	72,620	42,298	134,394
Depreciation
At 1 August 2024	1,267	244	19,892	29,693	51,096
Charge for the year	1,166	1,431	12,073	4,659	19,329
Eliminated on disposal	-	(262)	-	-	(262)
At 31 July 2025	2,433	1,413	31,965	34,352	70,163
Carrying amount
At 31 July 2025	10,419	5,211	40,655	7,946	64,231
At 31 July 2024	3,488	10,380	35,457	10,306	59,631

5

Debtors

	2025 £	2024 £
Trade debtors	641,671	662,500
Other debtors	11,616	37,078
	653,287	699,578

Lune and Fylde Farmers Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025 (continued)

6

Creditors

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	7	26,368	36,900
Trade creditors		524,804	542,566
Amounts owed to group undertakings and undertakings in which the company has a participating interest		174,709	172,457
Taxation and social security		2,768	1,159
Corporation tax liability		19,713	9,980
Other creditors		1,313	2,019
		749,675	765,081

7	Loans and borrowings

	2025 £	2024 £
Current loans and borrowings
Other borrowings	26,368	36,900

8	Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £28,974 (2024 - £3,865).

9	Parent and ultimate parent undertaking

The company's immediate parent is Lune and Fylde Farmers (Holdings) Limited, incorporated in England and Wales.