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REGISTERED NUMBER: 07311194 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023

FOR

WEST POOL FARMS LIMITED

WEST POOL FARMS LIMITED (REGISTERED NUMBER: 07311194)

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


WEST POOL FARMS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTORS: Mr D V Wilson
Mrs B E Wilson
Mr R V Wilson
Mr J D Wilson





REGISTERED OFFICE: West Pool
Pendine
Carmarthenshire
SA33 4PS





REGISTERED NUMBER: 07311194 (England and Wales)





ACCOUNTANTS: Llewelyn Davies
Chartered Accountants
Yelverton House
St John Street
Whitland
Carmarthenshire
SA34 0AW

WEST POOL FARMS LIMITED (REGISTERED NUMBER: 07311194)

ABRIDGED BALANCE SHEET
31 JULY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1,773,722 1,239,302
Herd basis 6 335,042 316,042
2,108,764 1,555,344

CURRENT ASSETS
Stocks 153,550 144,305
Debtors 243,156 267,784
Cash at bank and in hand 918,605 225,119
1,315,311 637,208
CREDITORS
Amounts falling due within one year 1,068,788 632,168
NET CURRENT ASSETS 246,523 5,040
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,355,287

1,560,384

CREDITORS
Amounts falling due after more than one
year

177,212

189,341
NET ASSETS 2,178,075 1,371,043

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 2,177,975 1,370,943
SHAREHOLDERS' FUNDS 2,178,075 1,371,043

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.

WEST POOL FARMS LIMITED (REGISTERED NUMBER: 07311194)

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 Income Statement and 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 Board of Directors and authorised for issue on 24 July 2024 and were signed on its behalf by:




Mr D V Wilson - Director



Mrs B E Wilson - Director


WEST POOL FARMS LIMITED (REGISTERED NUMBER: 07311194)

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


1. STATUTORY INFORMATION

West Pool Farms 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.

The accounts have been prepared on a going concern basis as in the directors opinion the company has sufficient funds and future income to continue into the foreseeable future.

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 2010, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 20% on reducing balance and 10% 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases 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 the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 8 ) .

WEST POOL FARMS LIMITED (REGISTERED NUMBER: 07311194)

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


4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 August 2022
and 31 July 2023 317,146
AMORTISATION
At 1 August 2022
and 31 July 2023 317,146
NET BOOK VALUE

At 31 July 2023 -
At 31 July 2022 -

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 August 2022 2,169,673
Additions 616,569
At 31 July 2023 2,786,242
DEPRECIATION
At 1 August 2022 930,371
Charge for year 82,149
At 31 July 2023 1,012,520
NET BOOK VALUE
At 31 July 2023 1,773,722
At 31 July 2022 1,239,302

WEST POOL FARMS LIMITED (REGISTERED NUMBER: 07311194)

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


5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 1 August 2022
and 31 July 2023 69,300
DEPRECIATION
At 1 August 2022 33,370
Charge for year 7,186
At 31 July 2023 40,556
NET BOOK VALUE
At 31 July 2023 28,744
At 31 July 2022 35,930

6. HERD BASIS
Dairy
herd
basis
£   
COST
At 1 August 2022 316,042
Additions 19,000
At 31 July 2023 335,042
NET BOOK VALUE
At 31 July 2023 335,042
At 31 July 2022 316,042

7. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 1,481 4,443

8. ULTIMATE CONTROLLING PARTY

The company is controlled by the directors.