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REGISTERED NUMBER: 08010744 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2023

for

G J Webber Tractors Limited

G J Webber Tractors Limited (Registered number: 08010744)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


G J Webber Tractors Limited

Company Information
for the Year Ended 31 July 2023







DIRECTORS: O W Webber
Mrs M K Webber
G J Webber





SECRETARY: Mrs M K Webber





REGISTERED OFFICE: 128 High Street
Crediton
Devon
EX17 3LQ





REGISTERED NUMBER: 08010744 (England and Wales)





ACCOUNTANTS: Bedford & Co Ltd
128 High Street
Crediton
Devon
EX17 3LQ

G J Webber Tractors Limited (Registered number: 08010744)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 996,364 1,012,446

CURRENT ASSETS
Stocks 1,064,176 1,173,158
Debtors 5 4,751 32,018
Cash at bank 478,338 191,722
1,547,265 1,396,898
CREDITORS
Amounts falling due within one year 6 528,474 478,107
NET CURRENT ASSETS 1,018,791 918,791
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,015,155

1,931,237

CREDITORS
Amounts falling due after more than one
year

7

(562,872

)

(570,318

)

PROVISIONS FOR LIABILITIES (13,382 ) (12,495 )
NET ASSETS 1,438,901 1,348,424

CAPITAL AND RESERVES
Called up share capital 250 250
Retained earnings 1,438,651 1,348,174
1,438,901 1,348,424

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

G J Webber Tractors Limited (Registered number: 08010744)

Balance Sheet - continued
31 July 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 18 October 2023 and were signed on its behalf by:




G J Webber - Director



O W Webber - Director


G J Webber Tractors Limited (Registered number: 08010744)

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

1. STATUTORY INFORMATION

G J Webber Tractors 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 company's place of business is Greenhill, Exeter Street, North Tawton, Devon, EX20 2BZ.

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
This is measured at the fair value of the consideration received or receivable from the sale of goods, excluding discounts, rebates, value added tax and other sales taxes.
Revenue is recognised when goods are delivered to customers such that risks and rewards of ownership have been transferred to them and that there is sufficient reliable evidence that delivery of goods has occurred.

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 - 10% on cost
Plant and machinery etc - 25% on reducing balance

Stocks
Stocks have been valued at the lower of cost and estimated selling price less costs to complete and sell.
Cost is calculated on a first in first out basis.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

G J Webber Tractors Limited (Registered number: 08010744)

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

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 August 2022 961,476 205,907 1,167,383
Additions - 4,555 4,555
At 31 July 2023 961,476 210,462 1,171,938
DEPRECIATION
At 1 August 2022 14,793 140,144 154,937
Charge for year 3,846 16,791 20,637
At 31 July 2023 18,639 156,935 175,574
NET BOOK VALUE
At 31 July 2023 942,837 53,527 996,364
At 31 July 2022 946,683 65,763 1,012,446

Included in the above figures are assets under hire purchase and finance lease agreements with a net book value of £26,302 (2022 - £35,070). The depreciation charged on these assets during the year was £8,768 (2022 - £11,690).

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors 1,354 13,155
Other debtors 3,397 18,863
4,751 32,018

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans and overdrafts 9,600 16,200
Hire purchase contracts 4,000 7,333
Trade creditors 62,443 45,829
Taxation and social security 66,464 36,477
Other creditors 385,967 372,268
528,474 478,107

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.23 31.7.22
£    £   
Bank loans 552,539 555,985
Hire purchase contracts 10,333 14,333
562,872 570,318

G J Webber Tractors Limited (Registered number: 08010744)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
31.7.23 31.7.22
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 496,739 482,785

8. SECURED DEBTS

The following secured debts are included within creditors:

31.7.23 31.7.22
£    £   
Bank loans 562,139 572,185
Hire purchase contracts 14,333 21,666
576,472 593,851