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REGISTERED NUMBER: 00559866 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023

FOR

E.WILLIAMS (FARMERS) LIMITED

E.WILLIAMS (FARMERS) LIMITED (REGISTERED NUMBER: 00559866)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


E.WILLIAMS (FARMERS) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTORS: L A Williams
J E Williams





SECRETARY: L A Williams





REGISTERED OFFICE: The Bungalow
Barn End Farm
Barn End Lane
Wilmington, Dartford
Kent
DA2 7QA





REGISTERED NUMBER: 00559866 (England and Wales)





ACCOUNTANTS: Sargeant Partnership LLP
Chartered Accountants
5 White Oak Square
London Road
Swanley
Kent
BR8 7AG

E.WILLIAMS (FARMERS) LIMITED (REGISTERED NUMBER: 00559866)

BALANCE SHEET
31 JULY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 15,662 16,067

CURRENT ASSETS
Stocks 123,287 102,945
Debtors 5 39,711 6,421
Cash at bank and in hand 29,672 121,144
192,670 230,510
CREDITORS
Amounts falling due within one year 6 66,355 119,109
NET CURRENT ASSETS 126,315 111,401
TOTAL ASSETS LESS CURRENT
LIABILITIES

141,977

127,468

PROVISIONS FOR LIABILITIES 3,915 3,053
NET ASSETS 138,062 124,415

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 8 137,962 124,315
SHAREHOLDERS' FUNDS 138,062 124,415

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 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.

E.WILLIAMS (FARMERS) LIMITED (REGISTERED NUMBER: 00559866)

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.

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 18 January 2024 and were signed on its behalf by:




L A Williams - Director



J E Williams - Director


E.WILLIAMS (FARMERS) LIMITED (REGISTERED NUMBER: 00559866)

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

1. STATUTORY INFORMATION

E.Williams (Farmers) 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% per annum on cost
Plant & Machinery - 25% per annum on reducing balance
Equipment - 25% per annum on reducing balance
Motor vehicles - 25% per annum on reducing balance
Tractors - 22% on reducing balance

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.


E.WILLIAMS (FARMERS) LIMITED (REGISTERED NUMBER: 00559866)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 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 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.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Improvements
to Plant &
property Machinery Equipment
£    £    £   
COST
At 1 August 2022 2,100 8,482 3,049
Additions - 3,510 -
At 31 July 2023 2,100 11,992 3,049
DEPRECIATION
At 1 August 2022 315 5,443 2,300
Charge for year 210 979 187
At 31 July 2023 525 6,422 2,487
NET BOOK VALUE
At 31 July 2023 1,575 5,570 562
At 31 July 2022 1,785 3,039 749

E.WILLIAMS (FARMERS) LIMITED (REGISTERED NUMBER: 00559866)

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

4. TANGIBLE FIXED ASSETS - continued

Motor
vehicles Tractors Totals
£    £    £   
COST
At 1 August 2022 19,004 16,000 48,635
Additions - - 3,510
At 31 July 2023 19,004 16,000 52,145
DEPRECIATION
At 1 August 2022 11,321 13,189 32,568
Charge for year 1,921 618 3,915
At 31 July 2023 13,242 13,807 36,483
NET BOOK VALUE
At 31 July 2023 5,762 2,193 15,662
At 31 July 2022 7,683 2,811 16,067

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 2,173
Other debtors 39,711 4,248
39,711 6,421

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 2,189 13,298
Taxation and social security 17,678 7,017
Other creditors 46,488 98,794
66,355 119,109

E.WILLIAMS (FARMERS) LIMITED (REGISTERED NUMBER: 00559866)

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

7. CALLED UP SHARE CAPITAL

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

8. RESERVES
Retained
earnings
£   

At 1 August 2022 124,315
Profit for the year 65,647
Dividends (52,000 )
At 31 July 2023 137,962

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date the company owed L A Williams £11,931 (2022: £11,619) and J E Williams £11,448 (2022: £11,136).

Dividends of £26,000 were paid to the Directors within the year.

10. RELATED PARTY DISCLOSURES

Dividends of £26,000 were paid to the shareholders within the year.

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party are the company directors.