Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-31 2023-03-31 2989 true true 2022-04-01 false No description of principal activity 3 3 The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 08440637 2022-04-01 2023-03-31 08440637 2021-04-01 2022-03-31 08440637 2023-03-31 08440637 2022-03-31 08440637 c:Director1 2022-04-01 2023-03-31 08440637 d:Buildings d:ShortLeaseholdAssets 2022-04-01 2023-03-31 08440637 d:Buildings d:ShortLeaseholdAssets 2023-03-31 08440637 d:Buildings d:ShortLeaseholdAssets 2022-03-31 08440637 d:PlantMachinery 2022-04-01 2023-03-31 08440637 d:PlantMachinery 2023-03-31 08440637 d:PlantMachinery 2022-03-31 08440637 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 08440637 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2022-04-01 2023-03-31 08440637 d:MotorVehicles 2022-04-01 2023-03-31 08440637 d:MotorVehicles 2023-03-31 08440637 d:MotorVehicles 2022-03-31 08440637 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 08440637 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2022-04-01 2023-03-31 08440637 d:OfficeEquipment 2022-04-01 2023-03-31 08440637 d:OfficeEquipment 2023-03-31 08440637 d:OfficeEquipment 2022-03-31 08440637 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 08440637 d:OfficeEquipment d:LeasedAssetsHeldAsLessee 2022-04-01 2023-03-31 08440637 d:ComputerEquipment 2022-04-01 2023-03-31 08440637 d:OtherPropertyPlantEquipment 2022-04-01 2023-03-31 08440637 d:OtherPropertyPlantEquipment 2023-03-31 08440637 d:OtherPropertyPlantEquipment 2022-03-31 08440637 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 08440637 d:OtherPropertyPlantEquipment d:LeasedAssetsHeldAsLessee 2022-04-01 2023-03-31 08440637 d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 08440637 d:LeasedAssetsHeldAsLessee 2022-04-01 2023-03-31 08440637 d:Goodwill 2023-03-31 08440637 d:Goodwill 2022-03-31 08440637 d:CurrentFinancialInstruments 2023-03-31 08440637 d:CurrentFinancialInstruments 2022-03-31 08440637 d:Non-currentFinancialInstruments 2023-03-31 08440637 d:Non-currentFinancialInstruments 2022-03-31 08440637 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 08440637 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 08440637 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 08440637 d:Non-currentFinancialInstruments d:AfterOneYear 2022-03-31 08440637 d:ShareCapital 2023-03-31 08440637 d:ShareCapital 2022-03-31 08440637 d:RetainedEarningsAccumulatedLosses 2023-03-31 08440637 d:RetainedEarningsAccumulatedLosses 2022-03-31 08440637 c:FRS102 2022-04-01 2023-03-31 08440637 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 08440637 c:FullAccounts 2022-04-01 2023-03-31 08440637 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 08440637 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-03-31 08440637 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2022-03-31 iso4217:GBP xbrli:pure

Registered number: 08440637 J I WIGLEY LIMITED UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
J I WIGLEY LIMITED REGISTERED NUMBER: 08440637 BALANCE SHEET AS AT 31 MARCH 2023
|  | 2023 |  | 2022
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Intangible assets | 4 |  | 8,341 |  | 8,341
Tangible assets | 5 |  | 228,202 |  | 180,650
|  |  | 236,543 |  | 188,991
Current assets |  |  |  |  |
Stocks |  | 46,254 |  | 73,098 |
Debtors: amounts falling due within one year | 6 | 27,204 |  | 179,602 |
Cash at bank and in hand |  | 22,372 |  | 9,999 |
|  | 95,830 |  | 262,699 |
Creditors: amounts falling due within one year | 7 | (176,463) |  | (279,283) |
Net current liabilities |  |  | (80,633) |  | (16,584)
Total assets less current liabilities |  |  | 155,910 |  | 172,407
Creditors: amounts falling due after more than one year | 8 |  | (27,330) |  | (10,246)
Provisions for liabilities |  |  |  |  |
Deferred tax |  |  | (16,796) |  | (26,256)
Net assets |  |  | 111,784 |  | 135,905
Capital and reserves |  |  |  |  |
Called up share capital |  |  | 100 |  | 100
Profit and loss account |  |  | 111,684 |  | 135,805
|  |  | 111,784 |  | 135,905
Page 1
J I WIGLEY LIMITED REGISTERED NUMBER: 08440637 BALANCE SHEET (CONTINUED) AS AT 31 MARCH 2023 The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements. The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities. The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime. The financial statements were approved and authorised for issue by the board and were signed on its behalf on 19 September 2023.
J I Wigley
Director
The notes on pages 3 to 8 form part of these financial statements. Page 2
J I WIGLEY LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
1. | General information
J I Wigley Limited is a private Company limited by shares, incorporated in England and Wales (registered number: 08440637). Its registered office is Bassett Farm, Stony Houghton, Mansfield, Notts NG19 8TR. The principal activity of the Company throughout the year continued to be that of livestock farming. 2.Accounting policies
| 2.1 | Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006. The Company's functional and presentation currency is pounds sterling. The following principal accounting policies have been applied:
| 2.2 | Revenue
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised: Sale of goods Revenue from the sale of goods is recognised when all of the following conditions are satisfied: ∙the Company has transferred the significant risks and rewards of ownership to the buyer; ∙the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold; ∙the amount of revenue can be measured reliably; ∙it is probable that the Company will receive the consideration due under the transaction; and ∙the costs incurred or to be incurred in respect of the transaction can be measured reliably. Rendering of services Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied: ∙the amount of revenue can be measured reliably; ∙it is probable that the Company will receive the consideration due under the contract; ∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and ∙the costs incurred and the costs to complete the contract can be measured reliably. Page 3
J I WIGLEY LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 2.Accounting policies (continued)
| 2.3 | Intangible assets
Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. All intangible assets are considered to have a finate useful life. If a reliable estimate of the useful life cannot be made, the useful life will not exceed ten years.
| 2.4 | Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Depreciation is provided on the following basis:
|  |  |  | Tenants farmhouse improvements | - | 10% | straight line
|  |  |  | Plant and machinery | - | 15% | reducing balance
|  |  |  | Motor vehicles | - | 25% | reducing balance
|  |  |  | Office equipment | - | 15% | reducing balance
|  |  |  | Fixed plant | - | 15% | reducing balance
|  |  |  | Other fixed assets | - | 10% | straight line
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of Income and Retained Earnings.
| 2.5 | Stocks
Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a weighted average basis. Work in progress and finished goods include labour and attributable overheads. At each Balance Sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in the Statement of Income and Retained Earnings. Page 4
J I WIGLEY LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 2.Accounting policies (continued)
| 2.6 | Financial instruments
The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities such as bank and cash balances, trade and other accounts receivable and payable, loans from banks and other third parties and loans to and from related parties. Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at the transaction price and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade payables or receivables, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost. Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
| 2.7 | Current and deferred taxation
Tax is recognised in the Statement of Income and Retained Earnings. The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date in the countries where the Company operates and generates income. Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance Sheet date, except that: The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.
3. | Employees
| The average monthly number of employees, including directors, during the year was 3 (2022 - 3).
Page 5
J I WIGLEY LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
4. | Intangible assets
|  | Non SDA entitlements
|  | £
| Cost |
| At 1 April 2022 | 8,341
| At 31 March 2023 | 8,341
| Net book value |
| At 31 March 2023 | 8,341
| At 31 March 2022 | 8,341
Page 6
J I WIGLEY LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
5. | Tangible fixed assets
|  | Tenants farmhouse improvements | Plant and machinery | Motor vehicles | Fixed plant & office equipment | Turkey sheds & building conversion | Total
|  | £ | £ | £ | £ | £ | £
| Cost or valuation |  |  |  |  |  |
| At 1 April 2022 | 27,760 | 100,632 | 150,854 | 21,937 | 112,490 | 413,673
| Additions | 2,838 | 395 | 120,600 | - | - | 123,833
| Disposals | - | (1,700) | (68,019) | - | - | (69,719)
| At 31 March 2023 | 30,598 | 99,327 | 203,435 | 21,937 | 112,490 | 467,787
| Depreciation |  |  |  |  |  |
| At 1 April 2022 | 18,288 | 47,325 | 75,525 | 14,447 | 77,438 | 233,023
| Charge for the year on owned assets | 2,989 | 7,781 | 2,152 | 1,123 | 11,249 | 25,294
| Charge for the year on financed assets | - | - | 14,204 | - | - | 14,204
| Disposals | - | - | (32,936) | - | - | (32,936)
| At 31 March 2023 | 21,277 | 55,106 | 58,945 | 15,570 | 88,687 | 239,585
| Net book value |  |  |  |  |  |
| At 31 March 2023 | 9,321 | 44,221 | 144,490 | 6,367 | 23,803 | 228,202
| At 31 March 2022 | 9,472 | 53,307 | 75,329 | 7,490 | 35,052 | 180,650
| The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:
|  |  |  |  | 2023 | 2022
|  |  |  |  | £ | £
| Motor vehicles | 138,035 | 66,232
| Amounts due on assets held under hire purchase agreements are included as secured creditors.
Page 7
J I WIGLEY LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
6. | Debtors
|  |  |  |  | 2023 | 2022
|  |  |  |  | £ | £
| Trade debtors | - | 168,520
| Other debtors | 7,883 | 8,512
| Prepayments | 19,321 | 2,570
|  | 27,204 | 179,602
7. | Creditors: Amounts falling due within one year
|  |  |  |  | 2023 | 2022
|  |  |  |  | £ | £
| Trade creditors | 6,343 | 110,143
| Other taxation and social security | 168 | 490
| Hire purchase contracts | 23,103 | 18,177
| Other creditors | 140,601 | 142,709
| Accruals | 6,248 | 7,764
|  | 176,463 | 279,283
8. | Creditors: Amounts falling due after more than one year
|  |  |  |  | 2023 | 2022
|  |  |  |  | £ | £
| Hire purchase contracts | 27,330 | 10,246
Page 8