Webster Thompson Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03228441

Webster Thompson Limited

Financial Statements for the Year Ended 31st July 2020

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

S N W Thompson

SECRETARY:

Mrs F M Thompson

REGISTERED OFFICE:

Unit 2

Carlton Yard

Victoria Road

Farnham

Surrey

GU9 7RD

REGISTERED NUMBER:

03228441

ACCOUNTANTS:

Hadley & Co

Chartered Accountants

Adelphi Chambers

30 Hoghton Street

Southport

PR9 0NZ

FIXED ASSETS

Tangible assets

4

977,146

989,450

Investments

5

280,000

210,000

1,257,146

1,199,450

CURRENT ASSETS

Stocks

6

151,339

433,831

Debtors

7

1,687,790

1,358,319

Cash at bank

1,310,020

1,545,646

3,149,149

3,337,796

CREDITORS

Amounts falling due within one year

8

818,792

1,257,202

NET CURRENT ASSETS

2,330,357

2,080,594

TOTAL ASSETS LESS CURRENT LIABILITIES

3,587,503

3,280,044

PROVISIONS FOR LIABILITIES

9

400

112

NET ASSETS

3,587,103

3,279,932

CAPITAL AND RESERVES

Called up share capital

10

100

100

Retained earnings

11

3,587,003

3,279,832

SHAREHOLDERS' FUNDS

3,587,103

3,279,932

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st July 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 29th April 2021 and were signed by:

S N W Thompson - Director

1.	STATUTORY INFORMATION

Webster Thompson 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.

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.

Freehold property

-

at varying rates on cost

Plant and machinery

-

25% 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.

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.

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 6 (2019 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Plant and

property

machinery

Totals

£

£

£

COST

At 1st August 2019

1,032,614

19,887

1,052,501

Additions

-

1,459

1,459

At 31st July 2020

1,032,614

21,346

1,053,960

DEPRECIATION

At 1st August 2019

45,420

17,631

63,051

Charge for year

12,834

929

13,763

At 31st July 2020

58,254

18,560

76,814

NET BOOK VALUE

At 31st July 2020

974,360

2,786

977,146

At 31st July 2019

987,194

2,256

989,450

5.	FIXED ASSET INVESTMENTS

Unlisted

investments

£

COST

At 1st August 2019

210,000

Additions

70,000

At 31st July 2020

280,000

NET BOOK VALUE

At 31st July 2020

280,000

At 31st July 2019

210,000

Market value of listed investments at 31st July 2020 - £ 292,211 (2019 - £ 227,350 ).

The company's investments at the Balance Sheet date in the share capital of companies include the following:

H R Commodities Ltd

Registered office: Unit 2, Carlton Yard, Victoria Road, Farnham, Surrey

Nature of business: Commodity Trading

%

Class of shares:

holding

Ordinary A

100.00

31.7.20

£

Aggregate capital and reserves

14,625

Profit for the year

18,515

6.

STOCKS

31.7.20

31.7.19

£

£

Raw materials

151,339

433,831

7.

DEBTORS

31.7.20

31.7.19

£

£

Amounts falling due within one year:

Trade debtors

1,328,343

1,136,189

Other debtors

203,555

208,669

Prepayments and accrued income

2,779

13,461

1,534,677

1,358,319

Amounts falling due after more than one year:

HR Commodities Ltd

153,113

-

Aggregate amounts

1,687,790

1,358,319

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.20

31.7.19

£

£

Trade creditors

600,017

1,090,657

Carlton Yard Ltd

3,121

-

Corporation Tax

120,983

97,043

Social security and other taxes

274

248

Forward Foreign Exchange

Contracts

(1,136

)

29,339

Directors' current accounts

7,446

9,127

Accruals

88,087

30,788

818,792

1,257,202

9.	PROVISIONS FOR LIABILITIES

31.7.20

31.7.19

£

£

Deferred taxation

400

112

Deferred

tax

£

Balance at 1st August 2019

112

Increase in the year

288

Balance at 31st July 2020

400

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.7.20

31.7.19

value:

£

£

100

Ordinary

£1

100

100

11.

RESERVES

Retained

earnings

£

At 1st August 2019

3,279,832

Profit for the year

496,171

Dividends

(189,000

)

At 31st July 2020

3,587,003