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REGISTERED NUMBER: 00505362 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2018

for

L Wheeler & Sons (Yalding) Limited

L Wheeler & Sons (Yalding) Limited (Registered number: 00505362)






Contents of the Financial Statements
for the Year Ended 31 March 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


L Wheeler & Sons (Yalding) Limited

Company Information
for the Year Ended 31 March 2018







DIRECTORS: M J Wheeler Esq
D J Wheeler, Esq





SECRETARY: Mrs B D Wood





REGISTERED OFFICE: Bockingfold
Collier Street
Marden
Kent
TN12 9PH





REGISTERED NUMBER: 00505362 (England and Wales)





ACCOUNTANTS: McCabe Ford Williams
Bank Chambers
61 High Street
Cranbrook
Kent
TN17 3EG

L Wheeler & Sons (Yalding) Limited (Registered number: 00505362)

Balance Sheet
31 March 2018

31.3.18 31.3.17
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 667,720 656,747
Investments 6 2,815 2,815
670,535 659,562

CURRENT ASSETS
Stocks 58,442 75,465
Debtors 7 84,993 20,829
Cash at bank and in hand 281,926 257,436
425,361 353,730
CREDITORS
Amounts falling due within one year 8 69,923 51,653
NET CURRENT ASSETS 355,438 302,077
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,025,973

961,639

PROVISIONS FOR LIABILITIES 15,342 11,969
NET ASSETS 1,010,631 949,670

L Wheeler & Sons (Yalding) Limited (Registered number: 00505362)

Balance Sheet - continued
31 March 2018

31.3.18 31.3.17
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 15,000 15,000
Retained earnings 995,631 934,670
1,010,631 949,670

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 8 November 2018 and were signed on its behalf
by:




....................................................................................
M J Wheeler Esq - Director


L Wheeler & Sons (Yalding) Limited (Registered number: 00505362)

Notes to the Financial Statements
for the Year Ended 31 March 2018

1. STATUTORY INFORMATION

L Wheeler & Sons (Yalding) 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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.

Sfp entitlements
SFP (Single farm payments) Entitlements were purchased in the year to 31 March 2008. They are being
amortised over 10 years.

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 - not provided
Improvements to property - 10% on straight line basis
Plant and machinery - Various rates on reducing balance
Motor vehicles - 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.


L Wheeler & Sons (Yalding) Limited (Registered number: 00505362)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2018

2. ACCOUNTING POLICIES - continued
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 5 (2017 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 April 2017
and 31 March 2018 7,308
AMORTISATION
At 1 April 2017
and 31 March 2018 7,308
NET BOOK VALUE
At 31 March 2018 -
At 31 March 2017 -

L Wheeler & Sons (Yalding) Limited (Registered number: 00505362)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2018

5. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and Motor
property property machinery vehicles Totals
£    £    £    £    £   
COST
At 1 April 2017 573,564 61,241 335,379 6,411 976,595
Additions - - 27,650 - 27,650
Disposals - - (400 ) - (400 )
At 31 March 2018 573,564 61,241 362,629 6,411 1,003,845
DEPRECIATION
At 1 April 2017 - 52,125 261,464 6,259 319,848
Charge for year - 3,891 12,748 38 16,677
Eliminated on disposal - - (400 ) - (400 )
At 31 March 2018 - 56,016 273,812 6,297 336,125
NET BOOK VALUE
At 31 March 2018 573,564 5,225 88,817 114 667,720
At 31 March 2017 573,564 9,116 73,915 152 656,747

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2017
and 31 March 2018 2,815
NET BOOK VALUE
At 31 March 2018 2,815
At 31 March 2017 2,815

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.18 31.3.17
£    £   
Trade debtors 70,627 6,443
Other debtors 14,366 14,386
84,993 20,829

L Wheeler & Sons (Yalding) Limited (Registered number: 00505362)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2018

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.18 31.3.17
£    £   
Trade creditors 25,143 20,623
Taxation and social security 13,533 16,794
Other creditors 31,247 14,236
69,923 51,653

9. PENSION COMMITMENTS

The company operates an auto-enrolment pension scheme for staff. Contributions by the company to this
were £220 (2017 21l). At the year end employer contributions of £17 (2017 17l) had not been paid across to
the scheme.