'Something Different' Miniature Farm Ltd 31/03/2022 iXBRL

'Something Different' Miniature Farm Ltd 31/03/2022 iXBRL

'SOMETHING DIFFERENT' MINIATURE FARM LTD - Company Information

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2 31/03/2022 2022-03-31 false false false false false false false false false false true false false true false false false false false true false No description of principal activities is disclosed 2021-03-31 Sage Accounts Production 21.0 - FRS102_2021 xbrli:pure xbrli:shares iso4217:GBP 13305678 2021-03-31 2022-03-31 13305678 2022-03-31 13305678 bus:RegisteredOffice 2021-03-31 2022-03-31 13305678 bus:LeadAgentIfApplicable 2021-03-31 2022-03-31 13305678 bus:Director1 2021-03-31 2022-03-31 13305678 bus:Director2 2021-03-31 2022-03-31 13305678 core:WithinOneYear 2022-03-31 13305678 core:RetainedEarningsAccumulatedLosses 2022-03-31 13305678 bus:Director1 2022-03-31 13305678 bus:SmallEntities 2021-03-31 2022-03-31 13305678 bus:AuditExemptWithAccountantsReport 2021-03-31 2022-03-31 13305678 bus:FullAccounts 2021-03-31 2022-03-31 13305678 bus:SmallCompaniesRegimeForAccounts 2021-03-31 2022-03-31 13305678 bus:PrivateLimitedCompanyLtd 2021-03-31 2022-03-31
Company registration number: 13305678
'Something Different' Miniature Farm Ltd
Unaudited filleted financial statements
31 March 2022
'SOMETHING DIFFERENT' MINIATURE FARM LTD
DIRECTORS AND OTHER INFORMATION
Directors W J Banks (Appointed 31 March 2021)
Ms S E Bond (Appointed 31 March 2021)
Company number 13305678
Registered office Willand Old Village
Cullompton
Devon
EX15 2RL
Business address Lower Marlpits Hill
Honiton
Devon
EX14 9TB
Accountants Westcotts
Queens House
42-44 New Street
Honiton
Devon
EX14 1BJ
'SOMETHING DIFFERENT' MINIATURE FARM LTD
STATEMENT OF FINANCIAL POSITION
31 MARCH 2022
31/03/22
Note £ £
Current assets
Stocks 703
Debtors 5 6,293
_______
6,996
Creditors: amounts falling due
within one year 6 ( 1,718)
_______
Net current assets 5,278
_______
Total assets less current liabilities 5,278
_______
Net assets 5,278
_______
Capital and reserves
Profit and loss account 7 5,278
_______
Shareholders funds 5,278
_______
For the period ending 31 March 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the period in question 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 financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 29 December 2022 , and are signed on behalf of the board by:
Ms S E Bond
Director
Company registration number: 13305678
'SOMETHING DIFFERENT' MINIATURE FARM LTD
NOTES TO THE FINANCIAL STATEMENTS
PERIOD ENDED 31 MARCH 2022
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Cedarville, Willand Old Village, Cullompton, Devon, EX15 2RL.
The company commenced trade on 1 December 2021 and therefore the financial statements are presented for a four month period.
Principal activity
The principal activity of the company is that of Farm Small Holding.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are 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 is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks and other short-term, highly-liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowing or current liabilities.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
4. Employee numbers
The average number of persons employed by the company during the period amounted to 2
5. Debtors
31/03/22
£
Other debtors 6,293
_______
6. Creditors: amounts falling due within one year
31/03/22
£
Accruals and deferred income 480
Social security and other taxes 1,238
_______
1,718
_______
7. Reserves
Profit and loss account:This reserve records retained earnings and accumulated losses.
8. Directors advances, credits and guarantees
During the period the directors entered into the following advances and credits with the company:
Period ended 31/03/22
Balance brought forward Advances /(credits) to the directors Amounts repaid Balance o/standing
£ £ £ £
Director - 8,634 ( 2,341) 6,293
_______ _______ _______ _______