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
W FIELD AGRICULTURAL ENGINEERING & SERVICES LTD
Company Information
for the year ended 31 December 2023
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
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
W FIELD AGRICULTURAL ENGINEERING & SERVICES LTD
Statement of financial position
as at 31 December 2023
Intangible assets
24,291
22,083
Tangible assets
32,600
42,234
Inventories
251,150
393,250
Cash at bank and in hand
5,062
5,794
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
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
W FIELD AGRICULTURAL ENGINEERING & SERVICES LTD
Notes to the Accounts
for the year ended 31 December 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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 (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other
At 31 December 2023
30,000
At 31 December 2023
24,291
At 31 December 2022
22,083
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
At 31 December 2023
41,797
90,220
3,839
3,261
139,117
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
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
Amounts falling due within one year
Trade debtors
16,467
33,256
Accrued income and prepayments
240
-
7
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
13,641
-
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
8
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
146,721
-
W FIELD AGRICULTURAL ENGINEERING & SERVICES LTD
Notes to the Accounts
for the year ended 31 December 2023
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
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).