Company registration number 00568637 (England and Wales)
BAGBOROUGH FARMS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2021
PAGES FOR FILING WITH REGISTRAR
BAGBOROUGH FARMS LIMITED
BALANCE SHEET
AS AT
30 JUNE 2021
30 June 2021
- 1 -
2021
2020
£
£
£
£
Fixed assets
948,403
972,257
Current assets
543,928
423,313
Prepayments and accrued income
1,485
1,947
Creditors: amounts falling due within one year
(210,117)
(198,065)
Net current assets
335,296
227,195
Total assets less current liabilities
1,283,699
1,199,452
Creditors: amounts falling due after more than one year
(751,458)
(797,943)
Accruals and deferred income
(9,650)
(6,801)
Net assets
522,591
394,708
Capital and reserves
522,591
394,708
Notes to the financial statements
1
Director's benefits: advances, credit and guarantees
The company made the following loans and advances to directors:
Advances to Directors
During the year £1,826 was advanced to a director and £1,556 was subsequently repaid. The balance owed by the director at the beginning of the year was £82,459 and at the end of the year was £82,729. Interest of 2% is charged on loans over £10,000.
2
Financial commitments, guarantees and contingencies
The company made the following capital commitments and contingencies:
Charges on Assets
The company had net obligations under finance leases and hire purchase contracts totalling £22,476 (2021 - £30,731) which are secured.
The finance leases and HP contracts are secured over the assets concerned.
3
Employees
The average number of persons
,
including directors
,
employed by the company during the Year wa
s as follows:
2021
2020
Number
Number
Employees
6
5
BAGBOROUGH FARMS LIMITED
BALANCE SHEET (CONTINUED)
AS AT
30 JUNE 2021
30 June 2021
- 2 -
Bagborough Farms Limited is a private company limited by shares incorporated in England and Wales. The registered office is Bishopbrook House, Cathedral Avenue, WELLS, Somerset, BA5 1FD.
For the Year ended 30 June 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
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.
These financial statements have been prepared in accordance with the micro-entity provisions and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime' and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and signed by the director and authorised for issue on 5 September 2022
Mr R N Longman
Director
Company Registration Number 00568637