Wiltshire Farm Foods (Newcastle) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07342412 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2022

for

Wiltshire Farm Foods (Newcastle) Limited

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTORS:

R H Jones

A Jones

REGISTERED OFFICE:

4 Earls Dene

Low Fell

Gateshead

NE9 6BJ

REGISTERED NUMBER:

07342412 (England and Wales)

ACCOUNTANTS:

Peter Weldon & Co. Ltd

87 Station Road

Ashington

Northumberland

NE63 8RS

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Wiltshire Farm Foods (Newcastle) Limited for the year ended 31 March 2022 which comprise the Income Statement, Balance Sheet and the related notes 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Wiltshire Farm Foods (Newcastle) Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Wiltshire Farm Foods (Newcastle) Limited and state those matters that we have agreed to state to the Board of Directors of Wiltshire Farm Foods (Newcastle) Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Wiltshire Farm Foods (Newcastle) Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Wiltshire Farm Foods (Newcastle) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Wiltshire Farm Foods (Newcastle) Limited. You consider that Wiltshire Farm Foods (Newcastle) 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 financial statements of Wiltshire Farm Foods (Newcastle) 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 financial statements.

Peter Weldon & Co. Ltd

87 Station Road

Ashington

Northumberland

NE63 8RS

23 June 2022

FIXED ASSETS

Intangible assets

4

154,000

159,000

Tangible assets

5

53,012

70,115

207,012

229,115

CURRENT ASSETS

Stocks

43,479

42,676

Debtors

6

520,776

526,492

Cash at bank and in hand

4,868

4,623

569,123

573,791

CREDITORS

Amounts falling due within one year

7

180,145

167,862

NET CURRENT ASSETS

388,978

405,929

TOTAL ASSETS LESS CURRENT LIABILITIES

595,990

635,044

CREDITORS

Amounts falling due after more than one year

8

(295,749

)

(360,507

)

PROVISIONS FOR LIABILITIES

(10,073

)

(13,322

)

NET ASSETS

290,168

261,215

CAPITAL AND RESERVES

Called up share capital

4

4

Retained earnings

290,164

261,211

SHAREHOLDERS' FUNDS

290,168

261,215

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 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 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 Board of Directors and authorised for issue on 23 June 2022 and were signed on its behalf by:

R H Jones - Director

1.	STATUTORY INFORMATION

Wiltshire Farm Foods (Newcastle) Limited is a private company, limited by shares , registered in England and Wales. 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.

Goodwill

Goodwill is the difference between amounts paid on acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over estimated economic life of 42 Years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

Hire purchase and leasing commitments

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 22 (2021 - 19 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2021

and 31 March 2022

214,000

AMORTISATION

At 1 April 2021

55,000

Charge for year

5,000

At 31 March 2022

60,000

NET BOOK VALUE

At 31 March 2022

154,000

At 31 March 2021

159,000

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2021

186,936

Additions

116

Disposals

(6,300

)

At 31 March 2022

180,752

DEPRECIATION

At 1 April 2021

116,821

Charge for year

17,219

Eliminated on disposal

(6,300

)

At 31 March 2022

127,740

NET BOOK VALUE

At 31 March 2022

53,012

At 31 March 2021

70,115

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade debtors

1,768

2,030

Other debtors

519,008

524,462

520,776

526,492

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Bank loans and overdrafts

89,427

54,078

Hire purchase contracts

13,384

16,055

Trade creditors

54,970

62,690

Taxation and social security

14,074

26,732

Other creditors

8,290

8,307

180,145

167,862

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2022

2021

£

£

Bank loans

278,886

330,260

Hire purchase contracts

16,863

30,247

295,749

360,507