C & W Webber (Amners Farm) Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 04693038 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 July 2023

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

324,627

425,198

Investment property

6

186,267

-

510,894

425,198

CURRENT ASSETS

Stocks

164,139

145,531

Debtors

7

129,258

157,714

Cash at bank and in hand

934,399

1,079,868

1,227,796

1,383,113

CREDITORS

Amounts falling due within one year

8

415,655

537,200

NET CURRENT ASSETS

812,141

845,913

TOTAL ASSETS LESS CURRENT LIABILITIES

1,323,035

1,271,111

CREDITORS

Amounts falling due after more than one year

9

(3,775

)

(55,901

)

PROVISIONS FOR LIABILITIES

12

(68,204

)

(76,323

)

NET ASSETS

1,251,056

1,138,887

CAPITAL AND RESERVES

Called up share capital

13

100

100

Retained earnings

1,250,956

1,138,787

SHAREHOLDERS' FUNDS

1,251,056

1,138,887

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 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 25 January 2024 and were signed on its behalf by:

C S 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.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 7 (2022 - 4 ) .

4.	INTANGIBLE FIXED ASSETS

Franchise

fee

£

COST

At 1 August 2022

and 31 July 2023

100,000

AMORTISATION

At 1 August 2022

and 31 July 2023

100,000

NET BOOK VALUE

At 31 July 2023

-

At 31 July 2022

-

5.	TANGIBLE FIXED ASSETS

Long

Plant and

Motor

Computer

leasehold

machinery

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 August 2022

28,165

1,147,473

10,500

1,534

1,187,672

Additions

-

28,300

-

433

28,733

Disposals

-

(127,309

)

-

-

(127,309

)

At 31 July 2023

28,165

1,048,464

10,500

1,967

1,089,096

DEPRECIATION

At 1 August 2022

27,273

724,333

9,551

1,317

762,474

Charge for year

223

100,328

237

162

100,950

Eliminated on disposal

-

(98,955

)

-

-

(98,955

)

At 31 July 2023

27,496

725,706

9,788

1,479

764,469

NET BOOK VALUE

At 31 July 2023

669

322,758

712

488

324,627

At 31 July 2022

892

423,140

949

217

425,198

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 £211,772 (2022: £253,297).

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

Additions

186,267

At 31 July 2023

186,267

NET BOOK VALUE

At 31 July 2023

186,267

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.23

31.7.22

£

£

Trade debtors

103,107

109,503

Other debtors

26,151

48,211

129,258

157,714

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.23

31.7.22

£

£

Hire purchase contracts (see note 10)

79,715

187,294

Trade creditors

51,882

49,367

Taxation and social security

86,889

80,111

Other creditors

197,169

220,428

415,655

537,200

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.7.23

31.7.22

£

£

Hire purchase contracts (see note 10)

3,775

55,901

10.	LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

31.7.23

31.7.22

£

£

Net obligations repayable:

Within one year

79,715

187,294

Between one and five years

3,775

55,901

83,490

243,195

11.	SECURED DEBTS

The following secured debts are included within creditors:

31.7.23

31.7.22

£

£

Hire purchase contracts

83,490

243,195

12.	PROVISIONS FOR LIABILITIES

31.7.23

31.7.22

£

£

Deferred tax

68,204

76,323

Deferred

tax

£

Balance at 1 August 2022

76,323

Accelerated capital allowances

(8,119

)

Balance at 31 July 2023

68,204

13.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.7.23

31.7.22

value:

£

£

100

Ordinary

£1

100

100