Silverfin false false 30/06/2023 01/07/2022 30/06/2023 H M Cherrett 11/12/2019 R G Trick 11/12/2019 J R M Webber 23 November 2023 The principle activity of the company is that of a Country Store. 00060894 2023-06-30 00060894 bus:Director1 2023-06-30 00060894 bus:Director2 2023-06-30 00060894 2022-06-30 00060894 core:CurrentFinancialInstruments 2023-06-30 00060894 core:CurrentFinancialInstruments 2022-06-30 00060894 core:ShareCapital 2023-06-30 00060894 core:ShareCapital 2022-06-30 00060894 core:SharePremium 2023-06-30 00060894 core:SharePremium 2022-06-30 00060894 core:CapitalRedemptionReserve 2023-06-30 00060894 core:CapitalRedemptionReserve 2022-06-30 00060894 core:RetainedEarningsAccumulatedLosses 2023-06-30 00060894 core:RetainedEarningsAccumulatedLosses 2022-06-30 00060894 core:LandBuildings 2022-06-30 00060894 core:PlantMachinery 2022-06-30 00060894 core:Vehicles 2022-06-30 00060894 core:LandBuildings 2023-06-30 00060894 core:PlantMachinery 2023-06-30 00060894 core:Vehicles 2023-06-30 00060894 core:CostValuation 2022-06-30 00060894 core:CostValuation 2023-06-30 00060894 bus:OrdinaryShareClass1 2023-06-30 00060894 bus:PreferenceShareClass1 2023-06-30 00060894 2022-07-01 2023-06-30 00060894 bus:FilletedAccounts 2022-07-01 2023-06-30 00060894 bus:SmallEntities 2022-07-01 2023-06-30 00060894 bus:AuditExemptWithAccountantsReport 2022-07-01 2023-06-30 00060894 bus:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 00060894 bus:Director1 2022-07-01 2023-06-30 00060894 bus:Director2 2022-07-01 2023-06-30 00060894 bus:Director3 2022-07-01 2023-06-30 00060894 core:LandBuildings core:TopRangeValue 2022-07-01 2023-06-30 00060894 core:PlantMachinery core:BottomRangeValue 2022-07-01 2023-06-30 00060894 core:PlantMachinery core:TopRangeValue 2022-07-01 2023-06-30 00060894 core:Vehicles core:TopRangeValue 2022-07-01 2023-06-30 00060894 2021-07-01 2022-06-30 00060894 core:LandBuildings 2022-07-01 2023-06-30 00060894 core:PlantMachinery 2022-07-01 2023-06-30 00060894 core:Vehicles 2022-07-01 2023-06-30 00060894 bus:OrdinaryShareClass1 2022-07-01 2023-06-30 00060894 bus:OrdinaryShareClass1 2021-07-01 2022-06-30 00060894 bus:PreferenceShareClass1 2022-07-01 2023-06-30 00060894 bus:PreferenceShareClass1 2021-07-01 2022-06-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: 00060894 (England and Wales)

EDWIN TUCKER & SONS LIMITED

Unaudited Financial Statements
For the financial year ended 30 June 2023
Pages for filing with the registrar

EDWIN TUCKER & SONS LIMITED

Unaudited Financial Statements

For the financial year ended 30 June 2023

Contents

EDWIN TUCKER & SONS LIMITED

COMPANY INFORMATION

For the financial year ended 30 June 2023
EDWIN TUCKER & SONS LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 30 June 2023
DIRECTORS H M Cherrett
R G Trick
J R M Webber
REGISTERED OFFICE Commercial Road
Crediton
EX17 1ER
United Kingdom
COMPANY NUMBER 00060894 (England and Wales)
CHARTERED ACCOUNTANTS Francis Clark LLP
Sigma House
Oak View Close
Edginswell Park
Torquay
TQ2 7FF
EDWIN TUCKER & SONS LIMITED

BALANCE SHEET

As at 30 June 2023
EDWIN TUCKER & SONS LIMITED

BALANCE SHEET (continued)

As at 30 June 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 1,736,691 1,814,373
Investment property 4 252,500 252,500
Investments 5 70,000 70,000
2,059,191 2,136,873
Current assets
Stocks 514,645 416,926
Debtors 6 63,338 69,774
Cash at bank and in hand 855,174 397,716
1,433,157 884,416
Creditors: amounts falling due within one year 7 ( 327,755) ( 290,983)
Net current assets 1,105,402 593,433
Total assets less current liabilities 3,164,593 2,730,306
Provision for liabilities ( 101,760) ( 119,182)
Net assets 3,062,833 2,611,124
Capital and reserves
Called-up share capital 8 17,905 17,905
Share premium account 27,611 27,611
Capital redemption reserve 167,156 167,156
Profit and loss account 9 2,850,161 2,398,452
Total shareholders' funds 3,062,833 2,611,124

For the financial year ending 30 June 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Edwin Tucker & Sons Limited (registered number: 00060894) were approved and authorised for issue by the Board of Directors on 23 November 2023. They were signed on its behalf by:

J R M Webber
Director
EDWIN TUCKER & SONS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2023
EDWIN TUCKER & SONS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Edwin Tucker & Sons Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Commercial Road, Crediton, EX17 1ER, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Group accounts exemption

Group accounts exemption s399
The Company has taken advantage of the exemption in section 399 of the Companies Act 2006 not to prepare consolidated accounts, because the group it heads qualifies as small. The financial statements present information about the Company as an individual entity only.

Turnover

Turnover shown in the Profit and Loss Account represents amounts receivable during the year, exclusive of VAT. Turnover arises from the sale of goods and is recognised on despatch.

Employee benefits

Defined contribution schemes
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Land and buildings 100 years straight line
Plant and machinery 5 - 10 years straight line
Vehicles 5 years straight line
Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value, a valuation made by the directors. Changes in fair value are recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Fixed asset investments

Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Dividends on equity securities are recognised in income when receivable.

Stocks

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 23 21

3. Tangible assets

Land and buildings Plant and machinery Vehicles Total
£ £ £ £
Cost
At 01 July 2022 1,768,939 180,036 65,874 2,014,849
Additions 7,805 725 0 8,530
Disposals ( 59,079) 0 0 ( 59,079)
At 30 June 2023 1,717,665 180,761 65,874 1,964,300
Accumulated depreciation
At 01 July 2022 62,241 108,579 29,656 200,476
Charge for the financial year 3,138 20,721 8,861 32,720
Disposals ( 5,587) 0 0 ( 5,587)
At 30 June 2023 59,792 129,300 38,517 227,609
Net book value
At 30 June 2023 1,657,873 51,461 27,357 1,736,691
At 30 June 2022 1,706,698 71,457 36,218 1,814,373

Investment properties

Investment properties have been valued by the directors and have a fair value of £252,500 (2022: £252,500).

4. Investment property

Investment property
£
Valuation
As at 01 July 2022 252,500
As at 30 June 2023 252,500

5. Fixed asset investments

Investments in subsidiaries

2023
£
Cost
At 01 July 2022 70,000
At 30 June 2023 70,000
Carrying value at 30 June 2023 70,000
Carrying value at 30 June 2022 70,000

6. Debtors

2023 2022
£ £
Trade debtors 45,509 44,295
Corporation tax 17,739 25,342
Other debtors 90 137
63,338 69,774

7. Creditors: amounts falling due within one year

2023 2022
£ £
Trade creditors 140,729 127,944
Accruals 157,059 139,622
Other taxation and social security 21,702 15,152
Other creditors 8,265 8,265
327,755 290,983

8. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
3,581 Ordinary shares of £ 5.00 each 17,905 17,905
1,653 Preference shares of £ 5.00 each 8,265 8,265
26,170 26,170

9. Reserves

Reserves

The profit and loss reserve includes £189,275 (2022: £189,275) of unrealised gains in respect of investment properties.