Registration number:
Yorkshire Ice Cream Farm Limited
for the Year Ended 30 April 2021
Yorkshire Ice Cream Farm Limited
Contents
Company Information |
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Accountants' Report |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
Yorkshire Ice Cream Farm Limited
Company Information
Directors |
Mrs Rebecca Storey Mr Edward Arthur Storey |
Registered office |
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Accountants |
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Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Yorkshire Ice Cream Farm Limited
for the Year Ended 30 April 2021
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Yorkshire Ice Cream Farm Limited for the year ended 30 April 2021 as set out on pages 3 to 9 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.
This report is made solely to the Board of Directors of Yorkshire Ice Cream Farm Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Yorkshire Ice Cream Farm Limited and state those matters that we have agreed to state to the Board of Directors of Yorkshire Ice Cream Farm Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Yorkshire Ice Cream Farm Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Yorkshire Ice Cream Farm Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Yorkshire Ice Cream Farm Limited. You consider that Yorkshire Ice Cream Farm Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Yorkshire Ice Cream Farm Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
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Chartered Accountants
27 Thorne Road
Doncaster
DN1 2EZ
Yorkshire Ice Cream Farm Limited
(Registration number: 08977208)
Balance Sheet as at 30 April 2021
Note |
2021 |
2020 |
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Fixed assets |
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Tangible assets |
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Current assets |
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Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current assets |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
( |
( |
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Provisions for liabilities |
( |
( |
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Net assets |
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Capital and reserves |
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Called up share capital |
100 |
100 |
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Profit and loss account |
193,326 |
133,006 |
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Shareholders' funds |
193,426 |
133,106 |
For the financial year ending 30 April 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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• |
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
Yorkshire Ice Cream Farm Limited
(Registration number: 08977208)
Balance Sheet as at 30 April 2021
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.
Approved and authorised by the
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Yorkshire Ice Cream Farm Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 April 2021
General information |
The company is a private company limited by share capital, incorporated in England & Wales.
The address of its registered office is:
The principal place of business is:
Sunnybank Garden Centre
Bawtry Road
Hatfield Woodhouse
Doncaster
DN7 6PH
These financial statements were authorised for issue by the
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
Tangible assets
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Yorkshire Ice Cream Farm Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 April 2021
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
Asset class |
Depreciation method and rate |
Plant & machinery |
20% on cost |
Fixtures & Fittings |
20% on cost |
Office Equipment |
33.3% on cost |
Leasehold improvements |
10% on cost |
Motor vehicles |
25% on cost |
Intangible assets
The goodwill relates to the acquisition of the business in 2014 and is being written off over its estimated useful life of 5 years.
Amortisation
Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:
Asset class |
Amortisation method and rate |
Goodwill |
20% on cost |
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Dividends
Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.
Defined contribution pension obligation
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Yorkshire Ice Cream Farm Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 April 2021
Intangible assets |
Goodwill |
Total |
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Cost or valuation |
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At 1 May 2020 |
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At 30 April 2021 |
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Amortisation |
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At 1 May 2020 |
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At 30 April 2021 |
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Carrying amount |
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At 30 April 2021 |
- |
- |
Tangible assets |
Furniture, fittings and equipment |
Motor vehicles |
Properties under construction |
Total |
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Cost or valuation |
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At 1 May 2020 |
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Additions |
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- |
- |
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At 30 April 2021 |
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Depreciation |
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At 1 May 2020 |
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Charge for the year |
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At 30 April 2021 |
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Carrying amount |
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At 30 April 2021 |
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At 30 April 2020 |
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Stocks |
2021 |
2020 |
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Other inventories |
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Yorkshire Ice Cream Farm Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 April 2021
Debtors |
2021 |
2020 |
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Prepayments |
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Other debtors |
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Yorkshire Ice Cream Farm Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 April 2021
Creditors |
Creditors: amounts falling due within one year
Note |
2021 |
2020 |
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Due within one year |
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Trade creditors |
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Directors loan account |
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Taxation and social security |
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Other creditors |
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Due after one year |
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Loans and borrowings |
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Creditors: amounts falling due after more than one year
Note |
2021 |
2020 |
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Due after one year |
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Loans and borrowings |
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Share capital |
Allotted, called up and fully paid shares
2021 |
2020 |
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No. |
£ |
No. |
£ |
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100 |
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100 |
Loans and borrowings |
2021 |
2020 |
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Non-current loans and borrowings |
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Bank borrowings |
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