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REGISTERED NUMBER: 03925312 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 March 2023

for

West Newton Fruit Ltd

West Newton Fruit Ltd (Registered number: 03925312)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


West Newton Fruit Ltd

Company Information
for the Year Ended 31 March 2023







DIRECTORS: D J Hill
P J Hill
Mrs D C Collins





SECRETARY: D J Hill





REGISTERED OFFICE: Stafford House
Blackbrook Park Avenue
Taunton
Somerset
TA1 2PX





REGISTERED NUMBER: 03925312 (England and Wales)





ACCOUNTANTS: A C Mole
Stafford House
Blackbrook Park Avenue
Taunton
Somerset
TA1 2PX

West Newton Fruit Ltd (Registered number: 03925312)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 404,346 467,376

CURRENT ASSETS
Stocks 18,965 130,547
Debtors 5 66,334 57,484
Cash at bank and in hand 103,856 114,548
189,155 302,579
CREDITORS
Amounts falling due within one year 6 116,500 111,732
NET CURRENT ASSETS 72,655 190,847
TOTAL ASSETS LESS CURRENT
LIABILITIES

477,001

658,223

PROVISIONS FOR LIABILITIES 18,308 21,296
NET ASSETS 458,693 636,927

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 458,593 636,827
SHAREHOLDERS' FUNDS 458,693 636,927

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 October 2023 and were signed on its behalf by:





D J Hill - Director


West Newton Fruit Ltd (Registered number: 03925312)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

West Newton Fruit 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.

Turnover
Turnover is the sale of fruit and cereals.

Revenue is recognised when the ownership of goods are transferred to the customer.

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 - Straight line over 10 years
Plant and machinery - 25% on reducing balance
Tractors - 25% 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.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2022 - 39 ) .

West Newton Fruit Ltd (Registered number: 03925312)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. TANGIBLE FIXED ASSETS
Freehold Plant and
property machinery Tractors
£    £    £   
COST
At 1 April 2022 717,501 372,592 120,494
Additions 1,844 8,537 -
Disposals - (59,532 ) (28,100 )
At 31 March 2023 719,345 321,597 92,394
DEPRECIATION
At 1 April 2022 344,082 315,549 103,571
Charge for year 25,549 18,452 3,528
Eliminated on disposal - (45,245 ) (25,288 )
At 31 March 2023 369,631 288,756 81,811
NET BOOK VALUE
At 31 March 2023 349,714 32,841 10,583
At 31 March 2022 373,419 57,043 16,923

Cannington
grain
Motor store
vehicles investment Totals
£    £    £   
COST
At 1 April 2022 73,637 5,516 1,289,740
Additions - - 10,381
Disposals (12,918 ) - (100,550 )
At 31 March 2023 60,719 5,516 1,199,571
DEPRECIATION
At 1 April 2022 59,162 - 822,364
Charge for year 3,397 - 50,926
Eliminated on disposal (7,532 ) - (78,065 )
At 31 March 2023 55,027 - 795,225
NET BOOK VALUE
At 31 March 2023 5,692 5,516 404,346
At 31 March 2022 14,475 5,516 467,376

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 49,199 36,094
Other debtors 5,199 13,722
Directors' current accounts 8,057 7,558
Tax 3,769 -
Trade investments 110 110
66,334 57,484

West Newton Fruit Ltd (Registered number: 03925312)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 7,524 20,977
Tax - 3,769
Other creditors 1,386 1,943
Directors' current accounts 103,340 81,093
Accruals and deferred income 4,250 3,950
116,500 111,732