John Oliver (Moors Farm) Limited Filleted accounts for Companies House (small and micro)

JOHN OLIVER (MOORS FARM) LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 04750512

John Oliver (Moors Farm) Limited

Filleted Unaudited Financial Statements

For the year ended

30 April 2022

John Oliver (Moors Farm) Limited

Financial Statements

Year ended 30 April 2022

Contents	Page

Statement of financial position	1

Notes to the financial statements	3

John Oliver (Moors Farm) Limited

Statement of Financial Position

30 April 2022

	2022		2021
Note	£	£	£	£

Fixed assets

Tangible assets	5		232,732		248,935

Current assets

Debtors	6	4,996	8,120
Cash at bank and in hand		35,398	28,340
		--------	--------
		40,394	36,460

Creditors: amounts falling due within one year	7	107,215		111,942
		----------		----------
Net current liabilities			66,821		75,482
			----------		----------
Total assets less current liabilities			165,911		173,453

Creditors: amounts falling due after more than one year	8	41,510	59,571
		----------	----------
Net assets		124,401	113,882
		----------	----------

Capital and reserves

Called up share capital	100	100
Profit and loss account	124,301	113,782
	----------	----------
Shareholders funds	124,401	113,882
	----------	----------

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 income and retained earnings has not been delivered.

For the year ending 30 April 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 year 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 .

John Oliver (Moors Farm) Limited

Statement of Financial Position (continued)

30 April 2022

These financial statements were approved by the board of directors and authorised for issue on 7 January 2023 , and are signed on behalf of the board by:

Mr J Oliver

Director

Company registration number: 04750512

John Oliver (Moors Farm) Limited

Notes to the Financial Statements

Year ended 30 April 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 Moors Farm, Holme Road, Spaldington, Goole, East Riding of Yorkshire, DN14 7NB.

2. Statement of compliance

These financial statements have been prepared in compliance with FRS 102 Section 1A, The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

(a) Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

(b) Going concern

In March 2020 the UK was impacted by the outbreak of Covid-19. The Government imposed significant restrictions at that time in an effort to manage the spread of the virus which resulted in the company having to review and change its working practices to ensure compliance with these restrictions. More latterly, the UK economy has been impacted by rising inflation, interest rates and energy costs, exacerbated by the war in Ukraine. All these matters have impacted the company's trading results to a greater or lesser extent. At the date of signing these financial statements, the directors have considered the effect of these matters on the company with the information available to it and do not believe that it will affect the ability of the company to continue to trade for the foreseeable future. On this basis, the directors have prepared these financial statements on a going concern basis.

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered. Turnover is recognised on delivery of produce or on provision of service or entitlement to income and is stated net of discounts and Value Added Tax.

(d) Current & deferred tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, 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 be paid or recovered using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

(e) Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

(f) Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Land & Buildings	-	5% reducing balance
Plant & Machinery	-	5% straight line

(g) Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 2 (2021: 2 ).

5. Tangible assets

	Land and buildings	Plant and machinery	Total
	£	£	£
Cost
At 1 May 2021 and 30 April 2022	92,759	231,298	324,057
	--------	----------	----------
Depreciation
At 1 May 2021	4,638	70,484	75,122
Charge for the year	4,638	11,565	16,203
	--------	----------	----------
At 30 April 2022	9,276	82,049	91,325
	--------	----------	----------
Carrying amount
At 30 April 2022	83,483	149,249	232,732
	--------	----------	----------
At 30 April 2021	88,121	160,814	248,935
	--------	----------	----------

6. Debtors

	2022	2021
	£	£
Trade debtors	4,996	8,120
	-------	-------

7. Creditors: amounts falling due within one year

	2022	2021
	£	£
Trade creditors	889	13,745
Corporation tax	6,663	1,129
Bank loans	19,868	20,048
Directors loan account	79,795	77,020
	----------	----------
	107,215	111,942
	----------	----------

Bank loans are secured on land owned by the company.

8. Creditors: amounts falling due after more than one year

	2022	2021
	£	£
Bank loans and overdrafts	41,510	59,571
	--------	--------

Bank loans are secured on land owned by the company.

9. Related party transactions

The two directors have a loan account with the company, which was in credit throughout the period. The loans are interest fee and payable on demand. At the year end the balance due to the directors totalled £ 80,036 (2021 £77,020).