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REGISTERED NUMBER: 04476385 (England and Wales)









WINSTER FOODS (DERBYSHIRE) LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023






WINSTER FOODS (DERBYSHIRE) LTD (REGISTERED NUMBER: 04476385)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 5


WINSTER FOODS (DERBYSHIRE) LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: Mr P Stephenson
Ms F L Lowe
Mr S M Booler





SECRETARY: Mr P Stephenson





REGISTERED OFFICE: 31 St John's
Worcester
Worcestershire
WR2 5AG





BUSINESS ADDRESS: Unit 4
CSG Business Park
Pond Street
Chesterfield
S40 2LE





REGISTERED NUMBER: 04476385 (England and Wales)





ACCOUNTANTS: Gardiner Fosh
Chartered Accountants
31 St John's
Worcester
Worcestershire
WR2 5AG

WINSTER FOODS (DERBYSHIRE) LTD (REGISTERED NUMBER: 04476385)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 139,569 164,956

CURRENT ASSETS
Stocks 196,862 161,158
Debtors 5 753,870 832,066
Cash at bank and in hand 296,779 303,662
1,247,511 1,296,886
CREDITORS
Amounts falling due within one year 6 839,699 994,967
NET CURRENT ASSETS 407,812 301,919
TOTAL ASSETS LESS CURRENT LIABILITIES 547,381 466,875

CREDITORS
Amounts falling due after more than one year 7 - (28,328 )

PROVISIONS FOR LIABILITIES 9 (27,960 ) (33,865 )
NET ASSETS 519,421 404,682

CAPITAL AND RESERVES
Called up share capital 40,000 40,000
Capital redemption reserve 10,000 10,000
Retained earnings 469,421 354,682
SHAREHOLDERS' FUNDS 519,421 404,682

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

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 5 August 2024 and were signed on its behalf by:



Mr P Stephenson - Director


WINSTER FOODS (DERBYSHIRE) LTD (REGISTERED NUMBER: 04476385)

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

1. STATUTORY INFORMATION

Winster Foods (Derbyshire) Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 has been fully amortised in the current year.

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.
Plant and machinery - 10% on cost and at varying rates on cost
Motor vehicles - 20% on cost

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

WINSTER FOODS (DERBYSHIRE) LTD (REGISTERED NUMBER: 04476385)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 42 (2022 - 40 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 327,823
Additions 5,084
At 31 December 2023 332,907
DEPRECIATION
At 1 January 2023 162,867
Charge for year 30,471
At 31 December 2023 193,338
NET BOOK VALUE
At 31 December 2023 139,569
At 31 December 2022 164,956

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 721,634 770,056
Other debtors 32,236 62,010
753,870 832,066

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts - 83,333
Trade creditors 610,499 791,791
Taxation and social security 108,184 89,695
Other creditors 121,016 30,148
839,699 994,967

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 28,328

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 176,032 123,956
Between one and five years 248,976 186,427
425,008 310,383

WINSTER FOODS (DERBYSHIRE) LTD (REGISTERED NUMBER: 04476385)

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

9. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax
Accelerated capital allowances 27,960 33,865

Deferred
tax
£   
Balance at 1 January 2023 33,865
Accelerated capital allowances (5,905 )
Balance at 31 December 2023 27,960

10. RELATED PARTY DISCLOSURES

Included within other creditors are amounts due to the directors totalling £8,974 (2022: £364), which are interest-free and are repayable on demand.