WEYHILL FARM SHOP LIMITED

Company Registration Number:
09735532 (England and Wales)

Unaudited abridged accounts for the year ended 30 June 2023

Period of accounts

Start date: 01 July 2022

End date: 30 June 2023

WEYHILL FARM SHOP LIMITED

Contents of the Financial Statements

for the Period Ended 30 June 2023

Balance sheet
Notes

WEYHILL FARM SHOP LIMITED

Balance sheet

As at 30 June 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 26,368 23,637
Total fixed assets: 26,368 23,637
Current assets
Stocks: 12,200 9,251
Debtors: 4 36,604 11,051
Cash at bank and in hand: 63,498 36,857
Total current assets: 112,302 57,159
Creditors: amounts falling due within one year: 5 (62,585) (43,989)
Net current assets (liabilities): 49,717 13,170
Total assets less current liabilities: 76,085 36,807
Creditors: amounts falling due after more than one year: 6 (25,922) (36,801)
Provision for liabilities: (6,092) (2,498)
Total net assets (liabilities): 44,071 (2,492)
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 43,971 (2,592)
Shareholders funds: 44,071 (2,492)

The notes form part of these financial statements

WEYHILL FARM SHOP LIMITED

Balance sheet statements

For the year ending 30 June 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 28 March 2024
and signed on behalf of the board by:

Name: Mr E J Roberts
Status: Director

The notes form part of these financial statements

WEYHILL FARM SHOP LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 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 comprises the fair value of the consideration received and receivable in respect of goods sold in the year, less discounts and Value Added Tax.

Tangible fixed assets and depreciation policy

Depreciation is provided at the following annual rates in order to write off the cost of each asset over its estimated useful life, or of held under a finance lease, the term of the lease, if shorter.Plant and machinery 20% per annum, reducing balance basis.

Valuation and information policy

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

Other accounting policies

Hire purchase and leasing.Assets acquired under HP and finance lease agreements are capitalised in the balance sheet. 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 if shorter, the term of the lease. The obligation to pay future rentals is shown as a liability in the balance sheet. Interest is charged to the profit and loss account over the relevant period.

WEYHILL FARM SHOP LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2023

2. Employees

2023 2022
Average number of employees during the period 5 5

WEYHILL FARM SHOP LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2023

3. Tangible Assets

Total
Cost £
At 01 July 2022 50,833
Additions 10,499
Disposals (2,500)
At 30 June 2023 58,832
Depreciation
At 01 July 2022 27,196
Charge for year 7,222
On disposals (1,954)
At 30 June 2023 32,464
Net book value
At 30 June 2023 26,368
At 30 June 2022 23,637

WEYHILL FARM SHOP LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2023

4. Debtors

Debtors at 30 June 2023 comprise trade debtors £911 and Other debtors £35,693. Debtors at 30 June 2022 comprise trade debtors £nil and other debtors £11,051.

WEYHILL FARM SHOP LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2023

5. Creditors: amounts falling due within one year note

Creditors at 30 June 2023 comprise: Bank loans and overdrafts £10,000, Hire purchase and leasing £879, Trade creditors £30,837, taxation £12,317 and other creditors £8,552.Creditors at 30 June 2022 comprise: Bank loans and overdrafts £10,000, hirer purchase and leasing £1,709, trade creditors £16,081, Taxation £998 and Other creditors £15,201.

WEYHILL FARM SHOP LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2023

6. Creditors: amounts falling due after more than one year note

Creditors falling due after more than one year at 30 June 2023 comprise: Bank loans £25,833 and Hire purchase and leasing £89. At 30 June 2022: Bank loans £35,833 and hire purchase and leasing £968.

WEYHILL FARM SHOP LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2023

7. Financial commitments

The company has a financial commitment to pay an annual rent of £12,000 per annum on a lease that is due to expire within three years of the balance sheet date.

WEYHILL FARM SHOP LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2023

8. Loans to directors

Name of director receiving advance or credit: Mr E Roberts
Description of the loan: Advance
£
Balance at 01 July 2022 0
Advances or credits made: 5,534
Advances or credits repaid: 5,000
Balance at 30 June 2023 534

The loan to the director is unsecured, interest-free and repayable upon demand.