C & W Webber (Amners Farm) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04693038 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 July 2021

for

C & W Webber (Amners Farm) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs E W Webber

C S Webber

REGISTERED OFFICE:

Amners Farm

Burghfield

Reading

Berkshire

RG30 3UE

REGISTERED NUMBER:

04693038 (England and Wales)

ACCOUNTANTS:

Lane Monnington Welton

Chartered Accountants

Riverside View

Basing Road

Old Basing

Basingstoke

Hampshire

RG24 7AL

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

368,046

280,660

368,046

280,660

CURRENT ASSETS

Stocks

122,644

179,350

Debtors

6

120,055

171,234

Cash at bank

754,671

494,472

997,370

845,056

CREDITORS

Amounts falling due within one year

7

353,908

368,610

NET CURRENT ASSETS

643,462

476,446

TOTAL ASSETS LESS CURRENT LIABILITIES

1,011,508

757,106

CREDITORS

Amounts falling due after more than one year

8

(76,468

)

(1,517

)

PROVISIONS FOR LIABILITIES

11

(69,929

)

(53,325

)

NET ASSETS

865,111

702,264

CAPITAL AND RESERVES

Called up share capital

12

100

100

Retained earnings

865,011

702,164

SHAREHOLDERS' FUNDS

865,111

702,264

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2021 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 November 2021 and were signed on its behalf by:

C S Webber - Director

Mrs E W Webber - Director

1.	STATUTORY INFORMATION

C & W Webber (Amners Farm) 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.

The accounts have been previously prepared in compliance with the provisions of Financial Reporting Standard 105, "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

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 had been written off over its estimated useful life.

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.

Financial instruments

Debtors and creditors payable/receivable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Loans and borrowings

Loans and borrowings are initially recognised at the transaction price, including transaction costs. Subsequently they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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, adjusted for indexation where appropriate.

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.

Impairment

Assets not measured at fair value are reviewed for any indication that an asset may be impaired at each balance sheet date. The directors review the carrying amount of the relevant assets and compare them to their market values and recoverable amounts. Where the carrying amount exceeds this, an impairment loss is recognised in profit or loss, unless the asset is carried at a revalued amount, where the impairment loss is a revaluation decrease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2020 - 3 ) .

4.	INTANGIBLE FIXED ASSETS

Franchise

fee

£

COST

At 1 August 2020

and 31 July 2021

100,000

AMORTISATION

At 1 August 2020

and 31 July 2021

100,000

NET BOOK VALUE

At 31 July 2021

-

At 31 July 2020

-

5.	TANGIBLE FIXED ASSETS

Long

Plant and

Motor

Computer

leasehold

machinery

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 August 2020

28,165

923,053

10,500

1,534

963,252

Additions

-

260,562

-

-

260,562

Disposals

-

(185,500

)

-

-

(185,500

)

At 31 July 2021

28,165

998,115

10,500

1,534

1,038,314

DEPRECIATION

At 1 August 2020

26,580

646,051

8,813

1,148

682,592

Charge for year

396

121,776

422

97

122,691

Eliminated on disposal

-

(135,015

)

-

-

(135,015

)

At 31 July 2021

26,976

632,812

9,235

1,245

670,268

NET BOOK VALUE

At 31 July 2021

1,189

365,303

1,265

289

368,046

At 31 July 2020

1,585

277,002

1,687

386

280,660

The obligations under hire purchase agreements are secured against the items of plant and machinery to which they relate that have a carrying value of £184,095 (2020: £67,250).

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.21

31.7.20

£

£

Trade debtors

79,210

60,365

Other debtors

40,845

110,869

120,055

171,234

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.21

31.7.20

£

£

Hire purchase contracts (see note 9)

77,380

39,419

Trade creditors

72,845

55,133

Taxation and social security

30,569

98,981

Other creditors

173,114

175,077

353,908

368,610

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.7.21

31.7.20

£

£

Hire purchase contracts (see note 9)

76,468

1,517

9.	LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

31.7.21

31.7.20

£

£

Net obligations repayable:

Within one year

77,380

39,419

Between one and five years

76,468

1,517

153,848

40,936

10.	SECURED DEBTS

The following secured debts are included within creditors:

31.7.21

31.7.20

£

£

Hire purchase contracts

153,848

40,936

11.	PROVISIONS FOR LIABILITIES

31.7.21

31.7.20

£

£

Deferred tax

69,929

53,325

Deferred

tax

£

Balance at 1 August 2020

53,325

Accelerated capital allowances

16,604

Balance at 31 July 2021

69,929

12.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.7.21

31.7.20

value:

£

£

100

Ordinary

£1

100

100