WILTSHIRE FARM FOODS (STOURBRIDGE) LIMITED

Company Registration Number:
11039608 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2023

Period of accounts

Start date: 01 April 2022

End date: 31 March 2023

WILTSHIRE FARM FOODS (STOURBRIDGE) LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2023

Balance sheet
Notes

WILTSHIRE FARM FOODS (STOURBRIDGE) LIMITED

Balance sheet

As at 31 March 2023


Notes

2023

2022


£

£
Fixed assets
Intangible assets: 3 342,637 342,637
Tangible assets: 4 133,099 102,815
Total fixed assets: 475,736 445,452
Current assets
Stocks: 37,565 36,232
Debtors:   14,055 12,089
Cash at bank and in hand: 14,191 10,477
Total current assets: 65,811 58,798
Creditors: amounts falling due within one year:   (232,240) (284,098)
Net current assets (liabilities): (166,429) (225,300)
Total assets less current liabilities: 309,307 220,152
Creditors: amounts falling due after more than one year:   (61,018) (34,743)
Provision for liabilities: (25,285) (19,535)
Total net assets (liabilities): 223,004 165,874
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 222,904 165,774
Shareholders funds: 223,004 165,874

The notes form part of these financial statements

WILTSHIRE FARM FOODS (STOURBRIDGE) LIMITED

Balance sheet statements

For the year ending 31 March 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 12 December 2023
and signed on behalf of the board by:

Name: M J S Appleton
Status: Director

The notes form part of these financial statements

WILTSHIRE FARM FOODS (STOURBRIDGE) LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover represents the amounts (excluding value added tax) derived from the provision of goods and services to customers during the year.

Tangible fixed assets and depreciation policy

Depreciation is provided by the company to write off the cost or valuation less the estimated residual value of the tangible fixed assets over their useful lives as follows:Plant and machinery -15% of reducing balanceMotor vehicles -25%of reducing balanceComputers -33% straight lineFixtures & fittings - 15% of reducing balance

Intangible fixed assets and amortisation policy

GoodwillGoodwill arises on business acquisitions and represents the excess of cost of the acquisition over the company's interest in the net amount of identifiable assets, liabilities and contingent liabilities of the acquired business.Goodwill is measured at cost less accumulated amortization and accumulated impairment losses. It is amortized on a straight line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.

Other accounting policies

LeasesWhere the company enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a "finance lease". The asset is recorded in the balance sheet as a tangible fixed asset and is depreciated over its estimated useful life or the term of the lease, whichever is shorter. Future instalments under such leases, net of finance charges, are included in creditors. Rentals payable are apportioned between the finance element, which is charged to the profit and loss account and the capital element, which reduces the outstanding obligations for future instalments.All other leases are accounted for as "operating leases" and the rental charges are charged to the profit and loss account on a straight line basis over the life of the lease.StockStock is valued at the lower of cost and net realizable value. Pension costsThe company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account for the year in which they are payable to the scheme. Differences between contributions payable and contributions actually paid in the year are shown as either accruals or prepayments at the year end.Deferred taxationFull provision is made for deferred tax assets and liabilities arising from timing differences between the recognition of gains and looses in the accounts and their recognition for tax purposes.

WILTSHIRE FARM FOODS (STOURBRIDGE) LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

2. Employees

2023 2022
Average number of employees during the period 13 13

WILTSHIRE FARM FOODS (STOURBRIDGE) LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

3. Intangible Assets

Total
Cost £
At 01 April 2022 342,637
At 31 March 2023 342,637
Net book value
At 31 March 2023 342,637
At 31 March 2022 342,637

WILTSHIRE FARM FOODS (STOURBRIDGE) LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

4. Tangible Assets

Total
Cost £
At 01 April 2022 216,996
Additions 51,809
At 31 March 2023 268,805
Depreciation
At 01 April 2022 114,181
Charge for year 21,525
At 31 March 2023 135,706
Net book value
At 31 March 2023 133,099
At 31 March 2022 102,815