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REGISTERED NUMBER: 00795553 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31 March 2024

for

William A. Wardman Limited

William A. Wardman Limited (Registered number: 00795553)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


William A. Wardman Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: W N Wardman
L M Wardman





REGISTERED OFFICE: Thrushwood Farm
Yearby
Redcar
Cleveland
TS11 8HD





REGISTERED NUMBER: 00795553 (England and Wales)





ACCOUNTANTS: Wasley Chapman LLP
Chartered Accountants
5 Bobbies Bank
Whitby
North Yorkshire
YO21 1EF

William A. Wardman Limited (Registered number: 00795553)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,693,236 2,703,349

CURRENT ASSETS
Stocks 5 1,556,378 1,660,646
Debtors 6 372,762 385,392
Investments 7 892 100
Cash in hand - 14,220
1,930,032 2,060,358
CREDITORS
Amounts falling due within one year 8 959,059 950,018
NET CURRENT ASSETS 970,973 1,110,340
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,664,209

3,813,689

CREDITORS
Amounts falling due after more than one
year

9

1,000,075

975,668
NET ASSETS 2,664,134 2,838,021

CAPITAL AND RESERVES
Called up share capital 2,000 2,000
Share premium 2,999,000 2,999,000
Retained earnings (336,866 ) (162,979 )
SHAREHOLDERS' FUNDS 2,664,134 2,838,021

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

William A. Wardman Limited (Registered number: 00795553)

Balance Sheet - continued
31 March 2024


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 18 July 2024 and were signed on its behalf by:





W N Wardman - Director


William A. Wardman Limited (Registered number: 00795553)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

William A. Wardman 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold Land - not provided
Leasehold Property - 4% on cost
Improvements to property - 4% on cost
Plant & Machinery - 10% on reducing balance
Tractors & Combines - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Entitlements - not provided

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 11 ) .

William A. Wardman Limited (Registered number: 00795553)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Improvements
Freehold Leasehold to Plant &
Land Property property Machinery
£    £    £    £   
COST
At 1 April 2023 256,467 467,690 1,323,228 1,545,793
Additions - - 15,244 47,770
Disposals - - - (20,950 )
At 31 March 2024 256,467 467,690 1,338,472 1,572,613
DEPRECIATION
At 1 April 2023 - 166,275 919,005 1,027,127
Charge for year - 18,707 39,458 51,124
Eliminated on disposal - - - (7,205 )
At 31 March 2024 - 184,982 958,463 1,071,046
NET BOOK VALUE
At 31 March 2024 256,467 282,708 380,009 501,567
At 31 March 2023 256,467 301,415 404,223 518,666

Tractors Motor
& Combines vehicles Entitlements Totals
£    £    £    £   
COST
At 1 April 2023 1,333,658 87,820 34,978 5,049,634
Additions 123,279 31,000 - 217,293
Disposals (82,900 ) (27,754 ) - (131,604 )
At 31 March 2024 1,374,037 91,066 34,978 5,135,323
DEPRECIATION
At 1 April 2023 166,195 67,683 - 2,346,285
Charge for year 41,242 5,034 - 155,565
Eliminated on disposal (28,509 ) (24,049 ) - (59,763 )
At 31 March 2024 178,928 48,668 - 2,442,087
NET BOOK VALUE
At 31 March 2024 1,195,109 42,398 34,978 2,693,236
At 31 March 2023 1,167,463 20,137 34,978 2,703,349

5. STOCKS

Stocks are measured at the lower of cost and estimated selling price less costs to complete the sale. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

William A. Wardman Limited (Registered number: 00795553)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 354,646 384,380
Other debtors 18,116 1,012
372,762 385,392

7. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
Investment - BATA 892 100

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 551,776 371,863
Hire purchase contracts 211,017 207,718
Trade creditors 169,500 361,872
Taxation and social security - 8,565
Other creditors 26,766 -
959,059 950,018

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 540,235 296,990
Hire purchase contracts 459,840 570,719
Other creditors - 107,959
1,000,075 975,668

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year the Directors' agreed to convert £3,000,000 of loan into further equity shares in the business, as reflected in the Share Premium account. At the balance sheet date the director was owed £107,960 (2022: £3,227,850).

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is W N Wardman.