IRIS Accounts Production v23.3.0.418 01693249 Board of Directors 1.3.22 28.2.23 28.2.23 false true false false true false Fair value model Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure016932492022-02-28016932492023-02-28016932492022-03-012023-02-28016932492021-02-28016932492021-03-012022-02-28016932492022-02-2801693249ns16:EnglandWales2022-03-012023-02-2801693249ns15:PoundSterling2022-03-012023-02-2801693249ns11:Director12022-03-012023-02-2801693249ns11:PrivateLimitedCompanyLtd2022-03-012023-02-2801693249ns11:SmallEntities2022-03-012023-02-2801693249ns11:AuditExempt-NoAccountantsReport2022-03-012023-02-2801693249ns11:SmallCompaniesRegimeForDirectorsReport2022-03-012023-02-2801693249ns11:SmallCompaniesRegimeForAccounts2022-03-012023-02-2801693249ns11:FullAccounts2022-03-012023-02-2801693249ns11:OrdinaryShareClass12022-03-012023-02-2801693249ns11:Director22022-03-012023-02-2801693249ns11:CompanySecretary12022-03-012023-02-2801693249ns11:RegisteredOffice2022-03-012023-02-2801693249ns6:CurrentFinancialInstruments2023-02-2801693249ns6:CurrentFinancialInstruments2022-02-2801693249ns6:Non-currentFinancialInstruments2023-02-2801693249ns6:Non-currentFinancialInstruments2022-02-2801693249ns6:ShareCapital2023-02-2801693249ns6:ShareCapital2022-02-2801693249ns6:RetainedEarningsAccumulatedLosses2023-02-2801693249ns6:RetainedEarningsAccumulatedLosses2022-02-2801693249ns6:OwnedOrFreeholdAssetsns6:LandBuildings2022-03-012023-02-2801693249ns6:PlantMachinery2022-03-012023-02-2801693249ns6:MotorVehicles2022-03-012023-02-2801693249ns6:ComputerEquipment2022-03-012023-02-2801693249ns6:LandBuildings2022-02-2801693249ns6:PlantMachinery2022-02-2801693249ns6:MotorVehicles2022-02-2801693249ns6:ComputerEquipment2022-02-2801693249ns6:LandBuildings2022-03-012023-02-2801693249ns6:LandBuildings2023-02-2801693249ns6:PlantMachinery2023-02-2801693249ns6:MotorVehicles2023-02-2801693249ns6:ComputerEquipment2023-02-2801693249ns6:LandBuildings2022-02-2801693249ns6:PlantMachinery2022-02-2801693249ns6:MotorVehicles2022-02-2801693249ns6:ComputerEquipment2022-02-2801693249ns6:WithinOneYearns6:CurrentFinancialInstruments2023-02-2801693249ns6:WithinOneYearns6:CurrentFinancialInstruments2022-02-2801693249ns11:OrdinaryShareClass12023-02-28
REGISTERED NUMBER: 01693249 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2023

FOR

WEST YORKSHIRE FELLMONGERS LIMITED

WEST YORKSHIRE FELLMONGERS LIMITED (REGISTERED NUMBER: 01693249)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WEST YORKSHIRE FELLMONGERS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2023







DIRECTORS: R A Brady
Mrs J L Dean





SECRETARY: Mrs J L Dean





REGISTERED OFFICE: Valley Road
Bradford
West Yorkshire
BD1 4RU





REGISTERED NUMBER: 01693249 (England and Wales)





ACCOUNTANTS: Brosnans
Chartered Accountants
Birkby House
Bailiff Bridge
Brighouse
West Yorkshire
HD6 4JJ

WEST YORKSHIRE FELLMONGERS LIMITED (REGISTERED NUMBER: 01693249)

BALANCE SHEET
28 FEBRUARY 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 2,812,100 2,823,062
Investment property 5 1,106,000 1,106,000
3,918,100 3,929,062

CURRENT ASSETS
Stocks 208,490 323,265
Debtors 6 379,706 714,486
Cash at bank and in hand 3,080,032 3,197,288
3,668,228 4,235,039
CREDITORS
Amounts falling due within one year 7 (3,778,977 ) (4,314,173 )
NET CURRENT LIABILITIES (110,749 ) (79,134 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,807,351

3,849,928

CREDITORS
Amounts falling due after more than
one year

8

-

(160,852

)

PROVISIONS FOR LIABILITIES (132,089 ) (117,547 )
NET ASSETS 3,675,262 3,571,529

WEST YORKSHIRE FELLMONGERS LIMITED (REGISTERED NUMBER: 01693249)

BALANCE SHEET - continued
28 FEBRUARY 2023

2023 2022
Notes £    £   
CAPITAL AND RESERVES
Called up share capital 10 1,000 1,000
Retained earnings 11 3,674,262 3,570,529
SHAREHOLDERS' FUNDS 3,675,262 3,571,529

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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 10 November 2023 and were signed on its behalf by:





Mrs J L Dean - Director


WEST YORKSHIRE FELLMONGERS LIMITED (REGISTERED NUMBER: 01693249)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

1. STATUTORY INFORMATION

West Yorkshire Fellmongers 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 as modified by the revaluation of certain assets.

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 the cost less estimated residual value of each asset over its estimated useful life.
Freehold property - 2% on cost
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

INVESTMENT PROPERTY
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

The methods and significant assumptions used to ascertain the fair value of £1,106,000 and fair value movement of £nil included in the profit for the year were valued by the directors on an annul basis.

STOCKS
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.


WEST YORKSHIRE FELLMONGERS LIMITED (REGISTERED NUMBER: 01693249)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

2. ACCOUNTING POLICIES - continued
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.

Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

FOREIGN CURRENCIES
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

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.

FINANCIAL INSTRUMENTS
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 6 ) .

WEST YORKSHIRE FELLMONGERS LIMITED (REGISTERED NUMBER: 01693249)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

4. TANGIBLE FIXED ASSETS
Freehold Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 March 2022 2,990,780 30,045 3,400 9,256 3,033,481
Additions 1,328 - 20,500 1,311 23,139
Disposals - - - (1,622 ) (1,622 )
At 28 February 2023 2,992,108 30,045 23,900 8,945 3,054,998
DEPRECIATION
At 1 March 2022 182,720 20,110 1,488 6,101 210,419
Charge for year 24,385 2,483 5,603 946 33,417
Eliminated on disposal - - - (938 ) (938 )
At 28 February 2023 207,105 22,593 7,091 6,109 242,898
NET BOOK VALUE
At 28 February 2023 2,785,003 7,452 16,809 2,836 2,812,100
At 28 February 2022 2,808,060 9,935 1,912 3,155 2,823,062

Included in cost of land and buildings is freehold land of £ 638,750 (2022 - £ 638,750 ) which is not depreciated.

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2022
and 28 February 2023 1,106,000
NET BOOK VALUE
At 28 February 2023 1,106,000
At 28 February 2022 1,106,000


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 305,364 509,161
Other debtors 74,342 205,325
379,706 714,486

WEST YORKSHIRE FELLMONGERS LIMITED (REGISTERED NUMBER: 01693249)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts - 121,286
Trade creditors 3,579,430 3,959,760
Taxation and social security 21,654 21,609
Other creditors 177,893 211,518
3,778,977 4,314,173

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 160,852

9. SECURED DEBTS

The Company's bank overdraft and loan facility is secured by way of a debenture and a fixed charge on the assets of the Company.

10. CALLED UP SHARE CAPITAL

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

11. RESERVES


Revaluation
reserve

Fair Value
reserve

At 1 March 2016933,717534,486

Movement in the year (net of deferred tax)--

At 28 February 2017933,717534,486

12. OTHER FINANCIAL COMMITMENTS

Total financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £27,758.