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Company Registration No. 07579581 (England and Wales)
W FIELD AGRICULTURAL ENGINEERING & SERVICES LTD Unaudited accounts for the year ended 31 December 2023
W FIELD AGRICULTURAL ENGINEERING & SERVICES LTD Unaudited accounts Contents
Page
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W FIELD AGRICULTURAL ENGINEERING & SERVICES LTD Company Information for the year ended 31 December 2023
Director
W D Field
Secretary
Sally Field
Company Number
07579581 (England and Wales)
Registered Office
Keyton Old Bristol Road Highbridge Somerset TA9 4HX
Accountants
TaxSense Accountants Ltd 203 West Street Fareham Hants PO16 0EN
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W FIELD AGRICULTURAL ENGINEERING & SERVICES LTD Accountants' report
Accountants' report to the director of W FIELD AGRICULTURAL ENGINEERING & SERVICES LTD on the preparation of the unaudited statutory accounts for the year ended 31 December 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of W FIELD AGRICULTURAL ENGINEERING & SERVICES LTD for the year ended 31 December 2023 as set out on pages 5 - 8 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of W FIELD AGRICULTURAL ENGINEERING & SERVICES LTD, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of W FIELD AGRICULTURAL ENGINEERING & SERVICES LTD and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than W FIELD AGRICULTURAL ENGINEERING & SERVICES LTD and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that W FIELD AGRICULTURAL ENGINEERING & SERVICES LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of W FIELD AGRICULTURAL ENGINEERING & SERVICES LTD. You consider that W FIELD AGRICULTURAL ENGINEERING & SERVICES LTD is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of W FIELD AGRICULTURAL ENGINEERING & SERVICES LTD. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
TaxSense Accountants Ltd 203 West Street Fareham Hants PO16 0EN 25 June 2024
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W FIELD AGRICULTURAL ENGINEERING & SERVICES LTD Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
24,291 
22,083 
Tangible assets
32,600 
42,234 
56,891 
64,317 
Current assets
Inventories
251,150 
393,250 
Debtors
27,313 
66,106 
Cash at bank and in hand
5,062 
5,794 
283,525 
465,150 
Creditors: amounts falling due within one year
(145,704)
(372,899)
Net current assets
137,821 
92,251 
Total assets less current liabilities
194,712 
156,568 
Creditors: amounts falling due after more than one year
(195,524)
(77,059)
Net (liabilities)/assets
(812)
79,509 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
(814)
79,507 
Shareholders' funds
(812)
79,509 
For the year ending 31 December 2023 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 25 June 2024 and were signed on its behalf by
W D Field Director Company Registration No. 07579581
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W FIELD AGRICULTURAL ENGINEERING & SERVICES LTD Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
W FIELD AGRICULTURAL ENGINEERING & SERVICES LTD is a private company, limited by shares, registered in England and Wales, registration number 07579581. The registered office is Keyton, Old Bristol Road, Highbridge, Somerset, TA9 4HX.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% reducing balance method
Motor vehicles
25% reducing balance method
Fixtures & fittings
20% reducing balance method
Computer equipment
20% reducing balance method
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 January 2023
25,000 
Additions
5,000 
At 31 December 2023
30,000 
Amortisation
At 1 January 2023
2,917 
Charge for the year
2,792 
At 31 December 2023
5,709 
Net book value
At 31 December 2023
24,291 
At 31 December 2022
22,083 
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W FIELD AGRICULTURAL ENGINEERING & SERVICES LTD Notes to the Accounts for the year ended 31 December 2023
5
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 January 2023
41,797 
90,220 
3,308 
3,157 
138,482 
Additions
- 
- 
531 
104 
635 
At 31 December 2023
41,797 
90,220 
3,839 
3,261 
139,117 
Depreciation
At 1 January 2023
37,975 
55,507 
1,652 
1,114 
96,248 
Charge for the year
764 
8,678 
407 
420 
10,269 
At 31 December 2023
38,739 
64,185 
2,059 
1,534 
106,517 
Net book value
At 31 December 2023
3,058 
26,035 
1,780 
1,727 
32,600 
At 31 December 2022
3,822 
34,713 
1,656 
2,043 
42,234 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
- 
32,505 
Trade debtors
16,467 
33,256 
Accrued income and prepayments
240 
- 
Other debtors
10,606 
345 
27,313 
66,106 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
13,641 
- 
VAT
1,741 
- 
Obligations under finance leases and hire purchase contracts
20,993 
- 
Trade creditors
63,266 
318,452 
Taxes and social security
9,733 
14,497 
Other creditors
35,533 
38,000 
Accruals
797 
1,950 
145,704 
372,899 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
48,803 
- 
Obligations under finance leases and hire purchase contracts
146,721 
- 
Other creditors
- 
77,059 
195,524 
77,059 
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W FIELD AGRICULTURAL ENGINEERING & SERVICES LTD Notes to the Accounts for the year ended 31 December 2023
9
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2 
2 
10
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
W D Field
Direcctor Loan Account
343 
(71,693)
(79,280)
7,930 
343 
(71,693)
(79,280)
7,930 
11
Average number of employees
During the year the average number of employees was 4 (2022: 4).
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