Amerton Farm Limited - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 10417264 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

FOR

AMERTON FARM LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs E Finney

Mrs A Flint

Mr R Finney

REGISTERED OFFICE:

Amerton Farm

Stowe by Chartley

Stafford

Staffordshire

ST18 0LA

REGISTERED NUMBER:

10417264 (England and Wales)

ACCOUNTANTS:

Wynniatt-Husey Limited (Uttoxeter Branch)

The Old Bakehouse

Dove Walk

Uttoxeter

Staffordshire

ST14 8EH

FIXED ASSETS

618,667

Tangible assets

4

611,339

CURRENT ASSETS

33,600

Stocks

5

43,029

19,308

Debtors

6

16,879

205,673

Cash at bank and in hand

184,031

258,581

243,939

CREDITORS

(155,386

)

Amounts falling due within one year

7

(123,993

)

103,195

NET CURRENT ASSETS

119,946

721,862

TOTAL ASSETS LESS CURRENT LIABILITIES

731,285

CREDITORS

(928,962

)

Amounts falling due after more than one year

8

(914,962

)

(207,100

)

NET LIABILITIES

(183,677

)

CAPITAL AND RESERVES

100

Called up share capital

9

100

(207,200

)

Retained earnings

(183,777

)

(207,100

)

SHAREHOLDERS' FUNDS

(183,677

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 May 2023 and were signed on its behalf by:

Mrs E Finney - Director

1.	STATUTORY INFORMATION

Amerton Farm Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 30 (2021 - 30 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

to

Plant and

Totals

property

machinery

£

£

£

COST

At 1 January 2022

913,312

437,490

87,833

Additions

89,231

37,454

2,198

At 31 December 2022

1,002,543

474,944

90,031

DEPRECIATION

At 1 January 2022

294,645

-

48,972

Charge for year

96,559

-

17,701

At 31 December 2022

391,204

-

66,673

NET BOOK VALUE

At 31 December 2022

611,339

474,944

23,358

At 31 December 2021

618,667

437,490

38,861

Fixtures

Playbarn

and

Fixtures

Computer

fittings

& Fittings

equipment

£

£

£

COST

At 1 January 2022

90,199

287,099

10,691

Additions

38,118

6,280

5,181

At 31 December 2022

128,317

293,379

15,872

DEPRECIATION

At 1 January 2022

36,685

204,562

4,426

Charge for year

17,559

57,636

3,663

At 31 December 2022

54,244

262,198

8,089

NET BOOK VALUE

At 31 December 2022

74,073

31,181

7,783

At 31 December 2021

53,514

82,537

6,265

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

£

COST

At 1 January 2022

and 31 December 2022

9,850

DEPRECIATION

At 1 January 2022

4,597

Charge for year

1,970

At 31 December 2022

6,567

NET BOOK VALUE

At 31 December 2022

3,283

At 31 December 2021

5,253

5.

STOCKS

31.12.22

31.12.21

£

£

Stocks

43,029

33,600

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.22

31.12.21

£

£

Trade debtors

16,879

19,308

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.22

31.12.21

£

£

Other loans

70,009

90,001

Hire purchase contracts

-

247

Trade creditors

20,673

32,644

Tax

-

20

Social security and other taxes

-

3,876

VAT

26,758

17,105

Credit card account

(138

)

1,694

Directors' current accounts

3,541

6,664

Accrued expenses

3,150

3,135

123,993

155,386

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.22

31.12.21

£

£

Bank loans - 1-5 years

764,962

764,962

Directors Loan - E Finney

150,000

164,000

914,962

928,962

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.22

31.12.21

value:

£

£

100

Ordinary

£1

100

100