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REGISTERED NUMBER: 00630828 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

C N WADLOW LTD

C N WADLOW LTD (REGISTERED NUMBER: 00630828)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


C N WADLOW LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: S R Wadlow
Mrs. C A Wadlow





SECRETARY: Mrs. C A Wadlow





REGISTERED OFFICE: The Croft
Morville
Bridgnorth
Shropshire
WV16 4RG





REGISTERED NUMBER: 00630828 (England and Wales)





ACCOUNTANTS: Astbury Accountants Limited
12 Northgate
Bridgnorth
Shropshire
WV16 4ER

C N WADLOW LTD (REGISTERED NUMBER: 00630828)

BALANCE SHEET
31 MARCH 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 277,353 302,748

CURRENT ASSETS
Stocks 297,441 260,156
Debtors 5 38,269 31,566
Prepayments and accrued income 79 79
Cash at bank and in hand 1,274 1,826
337,063 293,627
CREDITORS
Amounts falling due within one year 6 112,679 150,734
NET CURRENT ASSETS 224,384 142,893
TOTAL ASSETS LESS CURRENT
LIABILITIES

501,737

445,641

CREDITORS
Amounts falling due after more than one
year

7

226,399

255,317
NET ASSETS 275,338 190,324

CAPITAL AND RESERVES
Called up share capital 9 269,500 269,500
Retained earnings 5,838 (79,176 )
SHAREHOLDERS' FUNDS 275,338 190,324

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.

C N WADLOW LTD (REGISTERED NUMBER: 00630828)

BALANCE SHEET - continued
31 MARCH 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 23 October 2023 and were signed on its behalf by:





Mrs. C A Wadlow - Director


C N WADLOW LTD (REGISTERED NUMBER: 00630828)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

C N Wadlow 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.

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 and value added tax. The policies adopted for the recognition of turnover are as follows:

Livestock and crops
Turnover from the sale of animals and crops is recognised when they have been delivered to customers and the risks and rewards of ownership have transferred to them.

Income arising from the sale of energy produced by the solar panels is recognised when payment is received..

Agricultural grants are recognised when the grant is received.

Rendering of services
Turnover from contracting and services to NFU are recognised when payment is received.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 5% on cost
Plant and machinery etc - 25% on reducing balance, 20% on reducing balance and 10% on reducing balance

Stocks and biological assets
Stocks and biological assets, living plants and animals, have been valued by a specialist independent valuer.

Financial instruments
Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Loans and borrowings

Loans and borrowings are recognised at the transaction price including transaction costs. Interest is charged to the profit and loss over the relevant period.

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.

C N WADLOW LTD (REGISTERED NUMBER: 00630828)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

2. ACCOUNTING POLICIES - continued

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 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2022 184,488 650,486 834,974
Additions - 16,449 16,449
Disposals - (1,356 ) (1,356 )
At 31 March 2023 184,488 665,579 850,067
DEPRECIATION
At 1 April 2022 125,846 406,380 532,226
Charge for year 4,189 37,619 41,808
Eliminated on disposal - (1,320 ) (1,320 )
At 31 March 2023 130,035 442,679 572,714
NET BOOK VALUE
At 31 March 2023 54,453 222,900 277,353
At 31 March 2022 58,642 244,106 302,748


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 34,435 29,313
Other debtors 3,834 2,253
38,269 31,566

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 40,264 49,571
Hire purchase contracts 15,833 31,667
Trade creditors 15,055 11,430
Taxation and social security 1,406 1,428
Other creditors 40,121 56,638
112,679 150,734

C N WADLOW LTD (REGISTERED NUMBER: 00630828)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans 226,399 239,484
Hire purchase contracts - 15,833
226,399 255,317

8. SECURED DEBTS

The following secured debts are included within creditors:

31.3.23 31.3.22
£    £   
Bank loans 239,750 256,082

The Agricultural Mortgage Corporation PLC hold a charge over land at Croft Farm, Morville

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
19,500 Ordinary £1 19,500 19,500
250,000 Preference £1 250,000 250,000
269,500 269,500