Fine Turf (Devon) Limited - Filleted accounts

Registered number

00876144

Fine Turf (Devon) Limited

Unaudited Filleted Accounts

31 January 2026

Fine Turf (Devon) Limited
Registered number:		00876144
Balance Sheet
as at 31 January 2026

Notes			2026			2025
£				£
Fixed assets
Tangible assets	3		101,273			91,995

Current assets
Stocks		3,000			4,500
Debtors	4	-			6,249
Cash at bank and in hand		42,675			66,540
		45,675			77,289

Creditors: amounts falling due within one year	5	(131,424)			(137,501)

Net current assets			(85,749)			(60,212)

Total assets less current liabilities			15,524			31,783

Creditors: amounts falling due after more than one year	6		(20,625)			-



Net assets			(5,101)			31,783

Capital and reserves
Called up share capital			400			400
Share premium			4,432			4,432
Profit and loss account			(9,933)			26,951

Shareholders' funds			(5,101)			31,783

The directors are 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 directors acknowledge their 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.




Mrs J White
Director
Approved by the board on 28 October 2026

Fine Turf (Devon) Limited
Notes to the Accounts
for the year ended 31 January 2026


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:

	Improvements to property			Straight line over 10 years
	Plant, equipment and tools			10 % reducing balance
	Motor vehicles and tractors			20% reducing balance

	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.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.


	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.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.

2	Employees					2026		2025
Number							Number

	Average number of persons employed by the company					3		4


3	Tangible fixed assets
		Improvements to property		Plant equipment and tools		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 February 2025	35,434		106,812		222,300		364,546
	Additions	-		-		41,700		41,700
	Disposals	-		-		(68,400)		(68,400)
	At 31 January 2026	35,434		106,812		195,600		337,846

	Depreciation
	At 1 February 2025	26,574		78,671		167,306		272,551
	Charge for the year	1,477		2,815		17,335		21,627
	On disposals	-		-		(57,605)		(57,605)
	At 31 January 2026	28,051		81,486		127,036		236,573

	Net book value
	At 31 January 2026	7,383		25,326		68,564		101,273
	At 31 January 2025	8,860		28,141		54,994		91,995


4	Debtors					2026		2025
£							£

	Trade debtors					-		6,249


5	Creditors: amounts falling due within one year					2026		2025
£							£

	Obligations under finance lease and hire purchase contracts					6,125		-
	Trade creditors					3,500		3,500
	Taxation and social security costs					2,656		8,201
	Other creditors					119,143		125,800
						131,424		137,501


6	Creditors: amounts falling due after one year					2026		2025
£							£

	Obligations under finance lease and hire purchase contracts					20,625		-


7	Other information

	Fine Turf (Devon) Limited is a private company limited by shares and incorporated in England. It's registered office is:
	Lower Waye Farm
	Lower Waye
	Alston Cross
	Ashburton, Devon
	TQ13 7ET