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Company registration number: 14048984
CHAS Wright Farms Ltd
Unaudited filleted financial statements
30 April 2023
CHAS Wright Farms Ltd
Contents
Directors and other information
Accountants report
Statement of financial position
Statement of changes in equity
Notes to the financial statements
CHAS Wright Farms Ltd
Directors and other information
Directors Mr Andrew Charles Wright
Mrs Susan Mary Wright
Company number 14048984
Registered office Main Road
Boston
Lincolnshire
PE22 9LH
Business address Charmae
Main Road
Old Leake
Boston
PE22 9LH
Accountants Lister & Co
75 High Street
Boston
Lincolnshire
PE21 8SX
CHAS Wright Farms Ltd
Report to the board of directors on the preparation of the
unaudited statutory financial statements of CHAS Wright Farms Ltd
Period ended 30 April 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of CHAS Wright Farms Ltd for the period ended 30 April 2023 which comprise the statement of financial position, statement of changes in equity and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants , we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/ professional-standards/ rules-standards/acca-rulebook.html.
This report is made solely to the board of directors of CHAS Wright Farms Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of CHAS Wright Farms Ltd and state those matters that we have agreed to state to the board of directors of CHAS Wright Farms Ltd as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global /Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than CHAS Wright Farms Ltd and its board of directors as a body for our work or for this report.
It is your duty to ensure that CHAS Wright Farms Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of CHAS Wright Farms Ltd. You consider that CHAS Wright Farms Ltd is exempt from the statutory audit requirement for the period.
We have not been instructed to carry out an audit or a review of the financial statements of CHAS Wright Farms Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Lister & Co
ACCA
75 High Street
Boston
Lincolnshire
PE21 8SX
26 October 2023
CHAS Wright Farms Ltd
Statement of financial position
30 April 2023
30/04/23
Note £ £
Current assets
Stocks 22,013
Debtors 5 2,510
Cash at bank and in hand 4,174
_______
28,697
Creditors: amounts falling due
within one year 6 ( 10,661)
_______
Net current assets 18,036
_______
Total assets less current liabilities 18,036
_______
Net assets 18,036
_______
Capital and reserves
Called up share capital 7 101
Profit and loss account 17,935
_______
Shareholders funds 18,036
_______
For the period ending 30 April 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 26 October 2023 , and are signed on behalf of the board by:
Mr Andrew Charles Wright
Director
Company registration number: 14048984
CHAS Wright Farms Ltd
Statement of changes in equity
Period ended 30 April 2023
Called up share capital Profit and loss account Total
£ £ £
At 14 April 2022 - - -
Profit for the period 17,935 17,935
_______ _______ _______
Total comprehensive income for the period - 17,935 17,935
Issue of shares 101 101
_______ _______ _______
Total investments by and distributions to owners 101 - 101
_______ _______ _______
At 30 April 2023 101 17,935 18,036
_______ _______ _______
CHAS Wright Farms Ltd
Notes to the financial statements
Period ended 30 April 2023
1. General information
The company is a private company limited by shares, registered in England. The address of the registered office is Charmae, Main Road, Boston, Lincolnshire, PE22 9LH.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.
4. Employee numbers
The average number of persons employed by the company during the period amounted to 2
5. Debtors
30/04/23
£
Trade debtors 399
Other debtors 2,111
_______
2,510
_______
6. Creditors: amounts falling due within one year
30/04/23
£
Social security and other taxes 4,207
Other creditors 6,454
_______
10,661
_______
7. Called up share capital
Issued, called up and fully paid
30/04/23
No £
Ordinary shares of £ 1.00 each 31 31
Class A Ordinary shares of £ 1.00 each 30 30
Class B Ordinary shares of £ 1.00 each 20 20
Class C Ordinary shares of £ 1.00 each 20 20
_______ _______
101 101
_______ _______