Brooklyn Farming Ltd - Filleted accounts

BROOKLYN FARMING LTD - Company Information

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Registered number

14260111

Brooklyn Farming Ltd

Report and Accounts

31 March 2023

LSGK Accountants Ltd

Accountants and Business Advisors

19/21 Talbot Street

Leek

Staffordshire

ST13 5JT

Brooklyn Farming Ltd
Registered number: 14260111
Balance Sheet
as at 31 March 2023

Notes			2023
£
Current assets
Stocks		222,120
Debtors	3	35,907
Cash at bank and in hand		958
		258,985

Creditors: amounts falling due within one year	4	(258,246)

Net current assets			739

Net assets			739

Capital and reserves
Called up share capital			300
Profit and loss account			439

Shareholders' funds			739

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.




Paul Howard Higton
Director
Approved by the board on 28 September 2023

Brooklyn Farming Ltd
Notes to the Accounts
for the period from 27 July 2022 to 31 March 2023


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.

	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.

	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.


2	Employees	2023
Number

	Average number of persons employed by the company	3


3	Debtors	2023
£

	Trade debtors	31,207
	Other debtors	4,700
		35,907


4	Creditors: amounts falling due within one year	2023
£

	Trade creditors	62,240
	Corporation tax	162
	Other creditors	195,844
		258,246