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REGISTERED NUMBER: 09099234 (England and Wales)

















Unaudited Financial Statements

For The Year Ended 31 January 2023

for

Writtle Hay And Straw Ltd

Writtle Hay And Straw Ltd (Registered number: 09099234)

Contents of the Financial Statements
For The Year Ended 31 January 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Writtle Hay And Straw Ltd

Company Information
For The Year Ended 31 January 2023







DIRECTOR: Mr J A J Redding





REGISTERED OFFICE: 10-12 Mulberry Green
Old Harlow
Essex
CM17 0ET





REGISTERED NUMBER: 09099234 (England and Wales)





ACCOUNTANTS: Giess Wallis Crisp LLP
10-12 Mulberry Green
Old Harlow
Essex
CM17 0ET

Writtle Hay And Straw Ltd (Registered number: 09099234)

Statement of Financial Position
31 January 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 589,168 562,903
589,168 562,903

CURRENT ASSETS
Stocks 6 69,820 90,538
Debtors 7 368,239 302,201
Cash at bank 22,770 180,836
460,829 573,575
CREDITORS
Amounts falling due within one year 8 397,085 462,352
NET CURRENT ASSETS 63,744 111,223
TOTAL ASSETS LESS CURRENT
LIABILITIES

652,912

674,126

CREDITORS
Amounts falling due after more than one
year

9

(37,688

)

(104,483

)

PROVISIONS FOR LIABILITIES 11 (121,463 ) (93,921 )
NET ASSETS 493,761 475,722

CAPITAL AND RESERVES
Called up share capital 12 1 1
Retained earnings 493,760 475,721
SHAREHOLDERS' FUNDS 493,761 475,722

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Writtle Hay And Straw Ltd (Registered number: 09099234)

Statement of Financial Position - continued
31 January 2023


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 director and authorised for issue on 19 October 2023 and were signed by:





Mr J A J Redding - Director


Writtle Hay And Straw Ltd (Registered number: 09099234)

Notes to the Financial Statements
For The Year Ended 31 January 2023


1. STATUTORY INFORMATION

Writtle Hay And Straw Ltd 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.

Significant judgements and estimates
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

There are no estimates and assumptions which have had a significant risk of causing a material adjustment to the carrying amount of assets and liabilities

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, being the amount paid in connection with the acquisition of a business in 2014, has been amortised evenly over its estimated useful life of five years.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to property - Straight line over 33 years
Plant and machinery - 10% on reducing balance
Motor vehicles - 20% 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.

Writtle Hay And Straw Ltd (Registered number: 09099234)

Notes to the Financial Statements - continued
For The Year Ended 31 January 2023


2. ACCOUNTING POLICIES - continued

Financial instruments
The company has elected to apply the provisions of Section 11:'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues ' of FRS 102 to all of its financial instruments

The company only enters into basic financial instruments that result in the recognition of financial assets and liabilities such as trade debtors and creditors.

Financial assets and liabilities are offset and the net amount reported in the statement of financial position 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.

Debtors
Short terms debtors are measured at transaction price, less any impairment.

Cash and cash equivalents
Cash is represented by current accounts, cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Creditors
Short term creditors are measured at the transaction price.

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 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 3 (2022 - 3 ) .

Writtle Hay And Straw Ltd (Registered number: 09099234)

Notes to the Financial Statements - continued
For The Year Ended 31 January 2023


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2022
and 31 January 2023 120,060
AMORTISATION
At 1 February 2022
and 31 January 2023 120,060
NET BOOK VALUE
At 31 January 2023 -
At 31 January 2022 -

5. TANGIBLE FIXED ASSETS
Improvements
to Plant and Motor
property machinery vehicles Totals
£    £    £    £   
COST
At 1 February 2022 72,520 657,385 81,195 811,100
Additions - 84,081 - 84,081
At 31 January 2023 72,520 741,466 81,195 895,181
DEPRECIATION
At 1 February 2022 3,941 183,803 60,453 248,197
Charge for year 2,197 51,471 4,148 57,816
At 31 January 2023 6,138 235,274 64,601 306,013
NET BOOK VALUE
At 31 January 2023 66,382 506,192 16,594 589,168
At 31 January 2022 68,579 473,582 20,742 562,903

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 February 2022
and 31 January 2023 284,215
DEPRECIATION
At 1 February 2022 53,693
Charge for year 23,052
At 31 January 2023 76,745
NET BOOK VALUE
At 31 January 2023 207,470
At 31 January 2022 230,522

Writtle Hay And Straw Ltd (Registered number: 09099234)

Notes to the Financial Statements - continued
For The Year Ended 31 January 2023


6. STOCKS
2023 2022
£    £   
Stocks 69,820 90,538

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 22,612 18,859
Other debtors 345,627 283,342
368,239 302,201

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 66,817 82,995
Trade creditors 1,836 43,396
Taxation and social security 3,527 7,490
Other creditors 314,905 318,471
397,085 462,352

Included within bank loans and overdrafts is a loan taken out under the BBL scheme.

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 24,167 34,166
Hire purchase contracts 13,521 70,317
37,688 104,483

Included within bank loans is a loan taken out under the BBL scheme

10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 80,338 153,312

Hire purchase contracts are secured on the assets concerned.

11. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 121,463 93,921

Writtle Hay And Straw Ltd (Registered number: 09099234)

Notes to the Financial Statements - continued
For The Year Ended 31 January 2023


11. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 February 2022 93,921
Charge to Statement of Income and Retained Earnings during year 27,542
Balance at 31 January 2023 121,463

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1 Ordinary £1 1 1