Caseware UK (AP4) 2022.0.179 2022.0.179 2023-09-302023-09-302022-10-01falseManufacture of animal feed1918truetrue 03681136 2022-10-01 2023-09-30 03681136 2021-10-01 2022-09-30 03681136 2023-09-30 03681136 2022-09-30 03681136 c:Director2 2022-10-01 2023-09-30 03681136 d:Buildings 2022-10-01 2023-09-30 03681136 d:Buildings 2023-09-30 03681136 d:Buildings 2022-09-30 03681136 d:Buildings d:OwnedOrFreeholdAssets 2022-10-01 2023-09-30 03681136 d:PlantMachinery 2022-10-01 2023-09-30 03681136 d:PlantMachinery 2023-09-30 03681136 d:PlantMachinery 2022-09-30 03681136 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-10-01 2023-09-30 03681136 d:MotorVehicles 2022-10-01 2023-09-30 03681136 d:MotorVehicles 2023-09-30 03681136 d:MotorVehicles 2022-09-30 03681136 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-10-01 2023-09-30 03681136 d:OfficeEquipment 2022-10-01 2023-09-30 03681136 d:OfficeEquipment 2023-09-30 03681136 d:OfficeEquipment 2022-09-30 03681136 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-10-01 2023-09-30 03681136 d:OwnedOrFreeholdAssets 2022-10-01 2023-09-30 03681136 d:CurrentFinancialInstruments 2023-09-30 03681136 d:CurrentFinancialInstruments 2022-09-30 03681136 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 03681136 d:CurrentFinancialInstruments d:WithinOneYear 2022-09-30 03681136 d:ShareCapital 2023-09-30 03681136 d:ShareCapital 2022-09-30 03681136 d:RetainedEarningsAccumulatedLosses 2023-09-30 03681136 d:RetainedEarningsAccumulatedLosses 2022-09-30 03681136 d:AcceleratedTaxDepreciationDeferredTax 2023-09-30 03681136 d:AcceleratedTaxDepreciationDeferredTax 2022-09-30 03681136 d:FurtherSpecificTypeProvisionContingentLiability2ComponentTotalProvisionsContingentLiabilities 2023-09-30 03681136 d:FurtherSpecificTypeProvisionContingentLiability2ComponentTotalProvisionsContingentLiabilities 2022-09-30 03681136 c:FRS102 2022-10-01 2023-09-30 03681136 c:Audited 2022-10-01 2023-09-30 03681136 c:FullAccounts 2022-10-01 2023-09-30 03681136 c:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 03681136 d:WithinOneYear 2023-09-30 03681136 d:WithinOneYear 2022-09-30 03681136 d:BetweenOneFiveYears 2023-09-30 03681136 d:BetweenOneFiveYears 2022-09-30 03681136 c:SmallCompaniesRegimeForAccounts 2022-10-01 2023-09-30 03681136 e:PoundSterling 2022-10-01 2023-09-30 iso4217:GBP xbrli:pure
Registered Number:03681136













JOHN LOADER (WESSEX) LIMITED




UNAUDITED

FINANCIAL STATEMENTS
 
PAGES FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 SEPTEMBER 2023











 
JOHN LOADER (WESSEX) LIMITED
REGISTERED NUMBER:03681136


BALANCE SHEET
AS AT 30 SEPTEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
473,160
199,876

  
473,160
199,876

Current assets
  

Stocks
 5 
476,239
503,955

Debtors: amounts falling due within one year
 6 
1,381,334
1,453,690

Cash at bank and in hand
  
1,260,938
1,326,941

  
3,118,511
3,284,586

Creditors: amounts falling due within one year
 7 
(886,623)
(1,070,702)

Net current assets
  
 
 
2,231,888
 
 
2,213,884

Total assets less current liabilities
  
2,705,048
2,413,760

Provisions for liabilities
  

Deferred tax
 8 
(89,960)
(6,855)

Other provisions
 9 
(306,149)
(306,149)

  
 
 
(396,109)
 
 
(313,004)

Net assets
  
2,308,939
2,100,756


Capital and reserves
  

Called up share capital 
  
600,000
600,000

Profit and loss account
  
1,708,939
1,500,756

  
2,308,939
2,100,756


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JOHN LOADER (WESSEX) LIMITED
REGISTERED NUMBER:03681136

    
BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 2023

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 1 March 2024.


J P Venner
Director

The notes on pages 3 to 10 form part of these financial statements.

- 2 -



 
JOHN LOADER (WESSEX) LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

1.


General information

John Loader (Wessex) Limited 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 company's registration number is 03681136 and the address of the registered office is Four Elms Mill, Bardfield Saling, Braintree, Essex, CM7 5EJ.
The functional currency of John Loader (Wessex) Limited is considered to be pounds sterling because that is the currency of the primary economic environment in which the company operates.
John Loader (Wessex) Limited meets the definition of a qualifying entity under FRS 102 and has therefore taken advantage of the disclosure exemptions available to it in respect of its financial statements. Exemptions have been taken in relation to financial instruments, presentation of a cash flow statement, intra-group transactions and remuneration of key management personnel.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

The directors have considered the financial position of the Company by reviewing monthly management accounts, future orders and planned expenditure, alongside the balance sheet and believe that the Company is well placed to manage its business risks successfully despite the current uncertain economic outlook. The Company also has sufficient cash headroom to continue operating for the foreseeable future.
After making enquiries the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the directors continue to adopt the going concern basis in preparing the annual report and financial statements.


- 3 -



 
JOHN LOADER (WESSEX) LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

2.Accounting policies (continued)

 
2.3

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Sale of goods

Turnover from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.4

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.5

Current and deferred taxation

The charge for taxation is based on the result for the year. The charge also takes into account taxation deferred because of timing differences made between the treatment of certain items for accounting and taxation purposes. Provision is made for deferred taxation on all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at the date that will result in an obligation to pay more, or a right to play less or to receive more tax. The rate of tax used is that which is expected to be applied when the liability is expected to crystalise based on tax rates that have been enacted or substantively enacted by the balance sheet date. Deferred tax assets are recognised if their recovery is sufficiently certain. Both current and deferred tax is determined using tax rates and laws that have been enacted or subsequently enacted by the balance sheet date.

- 4 -



 
JOHN LOADER (WESSEX) LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

2.Accounting policies (continued)

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Property
-
3 - 13 years
Plant and machinery
-
5 - 10 years
Motor vehicles
-
8 years
Office equipment
-
3 - 5 years

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.


- 5 -



 
JOHN LOADER (WESSEX) LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

2.Accounting policies (continued)

  
2.9

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
Increases in provisions are generally charged as an expense to profit or loss. When payments are eventually made, they are charged to the provision carried on the Balance Sheet.

 
2.10

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors.
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Profit and Loss Account.
Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.


3.


Employees

The average monthly number of employees, including directors, during the year was 19 (2022 - 18).


- 6 -



 
JOHN LOADER (WESSEX) LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

4.


Tangible fixed assets





Property
Plant and machinery
Motor vehicles
Office equipment
Total

£
£
£
£
£



Cost or valuation


At 1 October 2022
24,496
2,017,606
119,441
107,097
2,268,640


Additions
-
353,995
-
-
353,995


Disposals
-
-
(10,500)
-
(10,500)



At 30 September 2023

24,496
2,371,601
108,941
107,097
2,612,135



Depreciation


At 1 October 2022
5,970
1,876,130
81,601
105,063
2,068,764


Charge for the year
1,837
57,087
17,314
931
77,169


Disposals
-
-
(6,958)
-
(6,958)



At 30 September 2023

7,807
1,933,217
91,957
105,994
2,138,975



Net book value



At 30 September 2023
16,689
438,384
16,984
1,103
473,160



At 30 September 2022
18,526
141,476
37,840
2,034
199,876


5.


Stocks

2023
2022
£
£

Raw materials
192,045
210,115

Packaging
104,000
120,090

Finished goods and goods for resale
180,194
173,750

476,239
503,955


The replacement cost of stock is not significantly different from the current book value.


- 7 -



 
JOHN LOADER (WESSEX) LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

6.


Debtors

2023
2022
£
£


Trade debtors
1,023,983
1,156,176

Amounts owed by group undertakings
298,653
251,705

Other debtors
12,322
19,039

Prepayments and accrued income
46,376
26,770

1,381,334
1,453,690



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
245,423
393,814

Amounts owed to group undertakings
443,912
476,392

Corporation tax
-
64,480

Other taxation and social security
17,170
15,121

Other creditors
263
684

Accruals and deferred income
179,855
120,211

886,623
1,070,702



8.


Deferred taxation




2023


£






At beginning of year
(6,855)


Movement in year
(83,105)



At end of year
(89,960)


- 8 -



 
JOHN LOADER (WESSEX) LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023
 
8.Deferred taxation (continued)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
(89,960)
(6,855)

(89,960)
(6,855)


9.


Provisions




Dilapidations

£





At 1 October 2022
306,149



At 30 September 2023
306,149


10.


Commitments under operating leases

At 30 September 2023 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2023
2022
£
£


Not later than 1 year
135,408
128,500

Later than 1 year and not later than 5 years
359,904
477,466

495,312
605,966


11.Other financial commitments

As at 30 September 2023 the company had £1,533,872 (2022: £1,464,298) worth of commitments in respect of contracts to purchase raw materials which are not included in the financial statements. All contracts will be settled within 12 months of the year end and are not legally binding. 


- 9 -



 
JOHN LOADER (WESSEX) LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

12.


Related party transactions

The company is a wholly owned subsidiary of F.H. Nash Limited and has taken advantage of the exemption contained in Section 1A of Financial Reporting Standard 102 and has therefore not disclosed transactions or balances with entities which form part of that group. 


13.


Controlling party

The company's immediate and ultimate parent undertaking and controlling party is F.H. Nash Limited, a company registered in England and Wales. Copies of the group financial statements of F.H. Nash Limited are available from Companies House, Crown Way, Maindy, Cardiff, CF4 3UZ. This is the smallest and largest group that prepares consolidated accounts. Its registered office is Four Elms Mill, Bardfield Saling, Braintree, Essex, CM7 5EJ.


14.


Auditor's information

The auditor's report on the financial statements for the year ended 30 September 2023 was unqualified.

The audit report was signed on 5 March 2024 by Timothy O'Connor (Senior Statutory Auditor) on behalf of SB Audit LLP.


- 10 -