Stonton Wyville Farms Limited - Accounts to registrar (filleted) - small 18.2
Stonton Wyville Farms Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| STONTON WYVILLE FARMS LIMITED |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 5 APRIL 2021 |
| STONTON WYVILLE FARMS LIMITED (REGISTERED NUMBER: 00492195) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 5 APRIL 2021 |
| Page |
| Company Information | 1 |
| Statement of Financial Position | 2 | to | 3 |
| Notes to the Financial Statements | 4 | to | 7 |
| STONTON WYVILLE FARMS LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 5 APRIL 2021 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 14 London Road |
| Newark |
| Nottinghamshire |
| NG24 1TW |
| STONTON WYVILLE FARMS LIMITED (REGISTERED NUMBER: 00492195) |
| STATEMENT OF FINANCIAL POSITION |
| 5 APRIL 2021 |
| 2021 | 2020 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 4 | 30,733 |
| Tangible assets | 5 |
| CURRENT ASSETS |
| Valuation |
| Debtors | 6 |
| Investments | 7 |
| CREDITORS |
| Amounts falling due within one year | 8 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES | ( |
) | ( |
) |
| CREDITORS |
| Amounts falling due after more than one year |
9 |
| NET LIABILITIES | ( |
) | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital | 10 |
| Retained earnings | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
| 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. |
| STONTON WYVILLE FARMS LIMITED (REGISTERED NUMBER: 00492195) |
| STATEMENT OF FINANCIAL POSITION - continued |
| 5 APRIL 2021 |
| 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 |
| STONTON WYVILLE FARMS LIMITED (REGISTERED NUMBER: 00492195) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 5 APRIL 2021 |
| 1. | STATUTORY INFORMATION |
| Stonton Wyville Farms Limited is a |
| 2. | ACCOUNTING POLICIES |
| Accounting convention |
| Revenue |
| Revenue represents net invoiced sales of produce and livestock, excluding value added tax. |
| Sales of produce are recognised upon despatch. Revenue from livestock is recognised on the day of sale. |
| Research and development |
| Research and Development expenditure is included as an intangible fixed asset, amortisation is provided at 5% on cost. |
| Property, plant and equipment |
| Land and buildings | - |
| Plant and machinery etc | - |
| Property, plant and Equipment is stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. |
| Inventories |
| Inventories are stated 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 statement of financial position date. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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. |
| STONTON WYVILLE FARMS LIMITED (REGISTERED NUMBER: 00492195) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 5 APRIL 2021 |
| 2. | ACCOUNTING POLICIES - continued |
| Basic payment |
| The Basic Payment is recognised in the financial statements in accordance with current H. M. Revenue & Customs guidance. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | INTANGIBLE FIXED ASSETS |
| Other |
| intangible |
| Goodwill | assets | Totals |
| £ | £ | £ |
| COST |
| At 6 April 2020 |
| and 5 April 2021 |
| AMORTISATION |
| At 6 April 2020 |
| Charge for year |
| At 5 April 2021 |
| NET BOOK VALUE |
| At 5 April 2021 |
| At 5 April 2020 |
| 5. | TANGIBLE FIXED ASSETS |
| Plant and |
| Land and | machinery |
| buildings | etc | Totals |
| £ | £ | £ |
| COST |
| At 6 April 2020 |
| Additions |
| At 5 April 2021 |
| DEPRECIATION |
| At 6 April 2020 |
| Charge for year |
| At 5 April 2021 |
| NET BOOK VALUE |
| At 5 April 2021 |
| At 5 April 2020 |
| STONTON WYVILLE FARMS LIMITED (REGISTERED NUMBER: 00492195) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 5 APRIL 2021 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2021 | 2020 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 7. | CURRENT ASSET INVESTMENTS |
| 2021 | 2020 |
| £ | £ |
| Unlisted investments | 5 | 5 |
| 8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2021 | 2020 |
| £ | £ |
| Bank loans and overdrafts |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2021 | 2020 |
| £ | £ |
| Bank loans |
| 10. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2021 | 2020 |
| value: | £ | £ |
| Ordinary | £1 | 3,000 | 3,000 |
| A ordinary | £1 | 9,000 | 9,000 |
| 12,000 | 12,000 |
| The 'A' Ordinary shares carry no voting rights. |
| STONTON WYVILLE FARMS LIMITED (REGISTERED NUMBER: 00492195) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 5 APRIL 2021 |
| 11. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to directors subsisted during the years ended 5 April 2021 and 5 April 2020: |
| 2021 | 2020 |
| £ | £ |
| Balance outstanding at start of year | ( |
) |
| Amounts advanced |
| Amounts repaid | ( |
) |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of year |
| Balance outstanding at start of year | ( |
) |
| Amounts advanced |
| Amounts repaid | ( |
) |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of year |