Birdcombe Farm Limited - Accounts to registrar (filleted) - small 18.2

Birdcombe Farm Limited - Accounts to registrar (filleted) - small 18.2

BIRDCOMBE FARM,LIMITED - Company Information

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REGISTERED NUMBER: 00409003


















BIRDCOMBE FARM LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2020





Llewelyn Davies
Yelverton House
St John Street
Whitland
Carmarthenshire
SA34 0AW








BIRDCOMBE FARM LIMITED (REGISTERED NUMBER: 00409003)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2020










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


BIRDCOMBE FARM LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2020







DIRECTORS: Mrs N Wyatt
Mr A P Wyatt
Mr F G A Wyatt





SECRETARY: Mrs N Wyatt





REGISTERED OFFICE: Pencnwc Farm
Llanboidy
Whitland
Carmarthenshire
SA34 0EE





REGISTERED NUMBER: 00409003





ACCOUNTANTS: Llewelyn Davies
Yelverton House
St John Street
Whitland
Carmarthenshire
SA34 0AW
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BIRDCOMBE FARM LIMITED (REGISTERED NUMBER: 00409003)

ABRIDGED BALANCE SHEET
31 DECEMBER 2020

2020 2019
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 851,954 866,720

CURRENT ASSETS
Stocks 73,590 61,870
Debtors 1,403,617 57,146
Investments 61,647 61,147
Cash at bank 69,986 69,986
1,608,840 250,149
CREDITORS
Amounts falling due within one year 609,074 342,004
NET CURRENT ASSETS/(LIABILITIES) 999,766 (91,855 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
1,851,720
774,865

CREDITORS
Amounts falling due after more than
one year
5
274,116
309,121
NET ASSETS 1,577,604 465,744

CAPITAL AND RESERVES
Called up share capital 20,000 20,000
Share premium 69,436 69,436
Retained earnings 1,488,168 376,308
SHAREHOLDERS' FUNDS 1,577,604 465,744

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2020 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 notes form part of these financial statements

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BIRDCOMBE FARM LIMITED (REGISTERED NUMBER: 00409003)

ABRIDGED BALANCE SHEET - continued
31 DECEMBER 2020


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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 December 2020 in accordance with Section 444(2A) of the Companies Act 2006.

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 30 September 2021 and were signed on its behalf by:





Mr A P Wyatt - Director


The notes form part of these financial statements

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BIRDCOMBE FARM LIMITED (REGISTERED NUMBER: 00409003)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2020


1. STATUTORY INFORMATION

Birdcombe Farm Limited is a private company, limited by shares , registered in Not specified/Other. 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.

The directors have a reasonable expectation that the company has access to adequate funding, as well as the ongoing support of its director for it to continue trading for the foreseeable future. the company has bank borrowings in the form of a loan and an overdraft facility within which it operates. The directors are not aware of any reason why the loan and overdraft facility might be withdrawn. As a result of this, the director continues to adopt the going concern basis of accounting.

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.
Freehold property - not provided
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance and 15% on reducing balance

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

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 3 (2019 - 3 ) .

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BIRDCOMBE FARM LIMITED (REGISTERED NUMBER: 00409003)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2020


4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2020 1,226,746
Additions 19,856
At 31 December 2020 1,246,602
DEPRECIATION
At 1 January 2020 360,026
Charge for year 34,622
At 31 December 2020 394,648
NET BOOK VALUE
At 31 December 2020 851,954
At 31 December 2019 866,720

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

Totals
£   
COST
At 1 January 2020
and 31 December 2020 142,750
DEPRECIATION
At 1 January 2020 67,778
Charge for year 25,007
At 31 December 2020 92,785
NET BOOK VALUE
At 31 December 2020 49,965
At 31 December 2019 74,972

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
2020 2019
£    £   
Repayable by instalments
Bank loans more 5 yr by instal 193,457 203,777

6. SECURED DEBTS

The following secured debts are included within creditors:

2020 2019
£    £   
Bank overdrafts 102,811 77,939
Bank loans 254,708 263,827
Hire purchase contracts 56,889 90,829
414,408 432,595

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BIRDCOMBE FARM LIMITED (REGISTERED NUMBER: 00409003)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2020


7. ULTIMATE CONTROLLING PARTY

The company is controlled by its directors.

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