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REGISTERED NUMBER: 00661601 (England and Wales)

















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023

FOR

MAURICE WILSON (FARMING) LIMITED

MAURICE WILSON (FARMING) LIMITED (REGISTERED NUMBER: 00661601)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MAURICE WILSON (FARMING) LIMITED

COMPANY INFORMATION
for the Year Ended 30 June 2023







DIRECTORS: Mrs J E Wilson
Mrs S Wilson
Mr S Wilson
Mr J Wilson





SECRETARY: Mrs J E Wilson





REGISTERED OFFICE: West End Farm
Darrington
Pontefract
West Yorkshire
WF8 3AG





REGISTERED NUMBER: 00661601 (England and Wales)





ACCOUNTANTS: Cresswells
12 Market Sreet
Hebden Bridge
HX7 6AD

MAURICE WILSON (FARMING) LIMITED (REGISTERED NUMBER: 00661601)

BALANCE SHEET
30 June 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 243,937 179,642

CURRENT ASSETS
Stocks 223,103 325,330
Debtors 5 9,613 19,914
Cash at bank and in hand 67,487 545
300,203 345,789
CREDITORS
Amounts falling due within one year 6 110,581 196,720
NET CURRENT ASSETS 189,622 149,069
TOTAL ASSETS LESS CURRENT
LIABILITIES

433,559

328,711

CREDITORS
Amounts falling due after more than
one year

7

(25,667

)

-

PROVISIONS FOR LIABILITIES 9 (44,759 ) (21,801 )
NET ASSETS 363,133 306,910

CAPITAL AND RESERVES
Called up share capital 10 25,000 25,000
Retained earnings 11 338,133 281,910
SHAREHOLDERS' FUNDS 363,133 306,910

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

MAURICE WILSON (FARMING) LIMITED (REGISTERED NUMBER: 00661601)

BALANCE SHEET - continued
30 June 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 October 2023 and were signed on its behalf by:





Mrs J E Wilson - Director


MAURICE WILSON (FARMING) LIMITED (REGISTERED NUMBER: 00661601)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Maurice Wilson (Farming) 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.
Freehold property - between 10 and 25 years
Plant and machinery - over 3 to 10 years
Motor vehicles - over 5 years

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.

MAURICE WILSON (FARMING) LIMITED (REGISTERED NUMBER: 00661601)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2023

2. ACCOUNTING POLICIES - continued

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 4 (2022 - 5 ) .

4. TANGIBLE FIXED ASSETS
Freehold Plant and Motor
property machinery vehicles Totals
£    £    £    £   
COST
At 1 July 2022 251,176 345,156 200,044 796,376
Additions - 92,000 - 92,000
Disposals - - (20,500 ) (20,500 )
At 30 June 2023 251,176 437,156 179,544 867,876
DEPRECIATION
At 1 July 2022 186,271 263,258 167,205 616,734
Charge for year - 20,265 7,440 27,705
Eliminated on disposal - - (20,500 ) (20,500 )
At 30 June 2023 186,271 283,523 154,145 623,939
NET BOOK VALUE
At 30 June 2023 64,905 153,633 25,399 243,937
At 30 June 2022 64,905 81,898 32,839 179,642

Included in cost of land and buildings is freehold land of £ 64,900 (2022 - £ 64,900 ) which is not depreciated.

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
Additions 92,000
At 30 June 2023 92,000
DEPRECIATION
Charge for year 2,300
At 30 June 2023 2,300
NET BOOK VALUE
At 30 June 2023 89,700

MAURICE WILSON (FARMING) LIMITED (REGISTERED NUMBER: 00661601)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 5,126 -
VAT 789 9,713
Prepayments and accrued income 3,698 10,201
9,613 19,914

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts - 16,772
Hire purchase contracts 12,833 -
Trade creditors 21,350 86,017
Tax 659 27,168
Social security and other taxes 945 1,206
Directors' current accounts 54,315 44,492
Accrued expenses 20,479 21,065
110,581 196,720

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts 25,667 -

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank overdraft - 16,772
Hire purchase contracts 38,500 -
38,500 16,772

9. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 44,759 21,801

Deferred
tax
£   
Balance at 1 July 2022 21,801
Provided during year 22,958
Balance at 30 June 2023 44,759

MAURICE WILSON (FARMING) LIMITED (REGISTERED NUMBER: 00661601)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2023

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
25,000 Ordinary £1 25,000 25,000

11. RESERVES
Retained
earnings
£   

At 1 July 2022 281,910
Profit for the year 60,223
Dividends (4,000 )
At 30 June 2023 338,133

12. RELATED PARTY DISCLOSURES

During the year the company paid total dividends to the directors of £4,000 (2022 £4,000).