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REGISTERED NUMBER: 13297986 (England and Wales)















W. E. BOTTERILL & SON LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023






W. E. BOTTERILL & SON LIMITED (REGISTERED NUMBER: 13297986)






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




Page

Company Information 1

Statement of Financial Position 2 to 3

Notes to the Financial Statements 4 to 8


W. E. BOTTERILL & SON LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: R J Botterill
Ms J K Botterill





REGISTERED OFFICE: 26 Park Road
Melton Mowbray
Leicestershire
LE13 1TT





REGISTERED NUMBER: 13297986 (England and Wales)





ACCOUNTANTS: Duncan & Toplis Limited
26 Park Road
Melton Mowbray
Leicestershire
LE13 1TT

W. E. BOTTERILL & SON LIMITED (REGISTERED NUMBER: 13297986)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 633,349 677,163
Investments 5 24,584 24,584
Herd basis 6 11,500 12,900
669,433 714,647

CURRENT ASSETS
Inventories 181,613 156,083
Debtors 7 40,629 144,273
Cash at bank and in hand 206,963 95,353
429,205 395,709
CREDITORS
Amounts falling due within one year 8 194,366 1,046,097
NET CURRENT ASSETS/(LIABILITIES) 234,839 (650,388 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

904,272

64,259

CREDITORS
Amounts falling due after more than
one year

9

(800,000

)

(3,625

)

PROVISIONS FOR LIABILITIES (93,400 ) (46,646 )
NET ASSETS 10,872 13,988

W. E. BOTTERILL & SON LIMITED (REGISTERED NUMBER: 13297986)

STATEMENT OF FINANCIAL POSITION - continued
31 MARCH 2023

2023 2022
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 10,772 13,888
SHAREHOLDERS' FUNDS 10,872 13,988

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.

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 9 November 2023 and were signed on its behalf by:





R J Botterill - Director


W. E. BOTTERILL & SON LIMITED (REGISTERED NUMBER: 13297986)

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

1. STATUTORY INFORMATION

W. E. Botterill & Son 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.

Revenue
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Property, plant and equipment
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 and 4% on cost
Plant and machinery etc - 25% on reducing balance, 20% on reducing balance and 15% on reducing balance

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.

Inventories
Inventories are valued at the lower of cost and fair value less costs to complete and sell, after making due allowance for obsolete or slow moving items. Costs include all direct costs and an appropriate proportion of fixed and variable overheads.

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 statement of financial position date.


W. E. BOTTERILL & SON LIMITED (REGISTERED NUMBER: 13297986)

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

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the statement of financial position. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 3 (2022 - 2 ) .

W. E. BOTTERILL & SON LIMITED (REGISTERED NUMBER: 13297986)

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

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2022 284,547 466,874 751,421
Additions - 35,607 35,607
Disposals - (3,650 ) (3,650 )
At 31 March 2023 284,547 498,831 783,378
DEPRECIATION
At 1 April 2022 13,776 60,482 74,258
Charge for year 13,776 62,543 76,319
Eliminated on disposal - (548 ) (548 )
At 31 March 2023 27,552 122,477 150,029
NET BOOK VALUE
At 31 March 2023 256,995 376,354 633,349
At 31 March 2022 270,771 406,392 677,163

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2022
and 31 March 2023 24,584
NET BOOK VALUE
At 31 March 2023 24,584
At 31 March 2022 24,584

W. E. BOTTERILL & SON LIMITED (REGISTERED NUMBER: 13297986)

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

6. HERD BASIS
Herd
basis
£   
COST
At 1 April 2022 12,900
Disposals (1,400 )
At 31 March 2023 11,500
NET BOOK VALUE
At 31 March 2023 11,500
At 31 March 2022 12,900

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 97,823
Other debtors 28,564 33,985
Prepayments 12,065 12,465
40,629 144,273

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 3,625 14,500
Trade creditors 43,765 61,914
Tax 6,588 -
Social security and other taxes 346 539
Other creditors 117 162
Directors' current accounts 132,985 944,436
Deferred income - 4,548
Accrued expenses 6,940 19,998
194,366 1,046,097

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Hire purchase contracts - 3,625
0% redeemable preference share 800,000 -
800,000 3,625

W. E. BOTTERILL & SON LIMITED (REGISTERED NUMBER: 13297986)

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

10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 3,625 18,125

The hire purchase creditor is secured on the asset to which it relates.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100