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REGISTERED NUMBER: 04025838 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2023

FOR

WHITE PIT AGRICULTURE LIMITED

WHITE PIT AGRICULTURE LIMITED (REGISTERED NUMBER: 04025838)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 July 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


WHITE PIT AGRICULTURE LIMITED

COMPANY INFORMATION
for the Year Ended 31 July 2023







DIRECTOR: S D Burton





SECRETARY: Mrs B Lisney





REGISTERED OFFICE: Manchester House
High Street
Stalbridge
Sturminster Newton
Dorset
DT10 2LL





REGISTERED NUMBER: 04025838 (England and Wales)





ACCOUNTANTS: Evans & Co
Manchester House
High Street
Stalbridge
Sturminster Newton
Dorset
DT10 2LL

WHITE PIT AGRICULTURE LIMITED (REGISTERED NUMBER: 04025838)

ABRIDGED BALANCE SHEET
31 July 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 25,222 16,143
25,222 16,143

CURRENT ASSETS
Stocks 82,119 200
Debtors 30,764 120,716
Prepayments and accrued income - 1,000
Cash at bank 197,870 221,317
310,753 343,233
CREDITORS
Amounts falling due within one year 37,538 53,202
NET CURRENT ASSETS 273,215 290,031
TOTAL ASSETS LESS CURRENT
LIABILITIES

298,437

306,174

PROVISIONS FOR LIABILITIES 4,792 3,067
NET ASSETS 293,645 303,107

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings 293,642 303,104
SHAREHOLDERS' FUNDS 293,645 303,107

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

WHITE PIT AGRICULTURE LIMITED (REGISTERED NUMBER: 04025838)

ABRIDGED BALANCE SHEET - continued
31 July 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 July 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 15 January 2024 and were signed by:





S D Burton - Director


WHITE PIT AGRICULTURE LIMITED (REGISTERED NUMBER: 04025838)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

White Pit Agriculture 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.

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.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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

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.

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.

WHITE PIT AGRICULTURE LIMITED (REGISTERED NUMBER: 04025838)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 July 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 August 2022
and 31 July 2023 7,500
AMORTISATION
At 1 August 2022
and 31 July 2023 7,500
NET BOOK VALUE

At 31 July 2023 -
At 31 July 2022 -

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 August 2022 41,351
Additions 25,361
Disposals (25,515 )
At 31 July 2023 41,197
DEPRECIATION
At 1 August 2022 25,208
Charge for year 4,452
Eliminated on disposal (13,685 )
At 31 July 2023 15,975
NET BOOK VALUE
At 31 July 2023 25,222
At 31 July 2022 16,143