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REGISTERED NUMBER: SC421687 (Scotland)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

R W Warnock Ltd

R W Warnock Ltd (Registered number: SC421687)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Statement of Financial Position 1

Notes to the Financial Statements 3


R W Warnock Ltd (Registered number: SC421687)

Statement of Financial Position
30 April 2024

30.4.24 30.4.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 83,265 50,482
Investments 5 105 105
83,370 50,587

CURRENT ASSETS
Stocks 3,600 4,000
Debtors 6 1,025,334 1,289,290
Cash at bank 183,165 392,629
1,212,099 1,685,919
CREDITORS
Amounts falling due within one year 7 (812,074 ) (1,265,314 )
NET CURRENT ASSETS 400,025 420,605
TOTAL ASSETS LESS CURRENT
LIABILITIES

483,395

471,192

PROVISIONS FOR LIABILITIES (20,100 ) (11,909 )
NET ASSETS 463,295 459,283

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 463,294 459,282
SHAREHOLDERS' FUNDS 463,295 459,283

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

R W Warnock Ltd (Registered number: SC421687)

Statement of Financial Position - continued
30 April 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 director and authorised for issue on 18 July 2024 and were signed by:





Robert Watson Warnock - Director


R W Warnock Ltd (Registered number: SC421687)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

R W Warnock Ltd is a private company, limited by shares, domiciled in Scotland, registration number SC421687. The registered office is Unit 5 Gateway Business Park, Beancross Road, Grangemouth, Stirlingshire FK3 8WX.

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
The turnover shown in the profit and loss account represents the sale of agricultural supplies, exclusive of Value Added Tax. Sales are recognised at the point the goods or services are provided.

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 etc - 33% on cost, 20% on reducing balance and 10% on reducing balance

Tangible fixed assets are stated at cost less depreciation. Cost represents purchase price together with any incidental costs of acquisition.

The directors have considered the residual value of all tangible fixed assets to be immaterial and therefore all tangible fixed assets are depreciated to nil value.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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.

R W Warnock Ltd (Registered number: SC421687)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

2. ACCOUNTING POLICIES - continued

Provisions
Provisions are recognised when the company has a legal or constructive obligation as a result of a past event, it is probable that an outflow of resources will be required to settle the obligation, and the amount has been reliably estimated. Provisions are not recognised for future operating losses. Provisions are discounted where the time value of money is material.

Where there are a number of similar obligations, the likelihood that an outflow will be required in settlement is
determined by considering the class of obligations as a whole. A provision is recognised even if the likelihood of an outflow with respect to any one item included in the same class of obligations may be small.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023 82,195
Additions 47,400
Disposals (10,653 )
At 30 April 2024 118,942
DEPRECIATION
At 1 May 2023 31,713
Charge for year 13,562
Eliminated on disposal (9,598 )
At 30 April 2024 35,677
NET BOOK VALUE
At 30 April 2024 83,265
At 30 April 2023 50,482

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 May 2023
and 30 April 2024 105
NET BOOK VALUE
At 30 April 2024 105
At 30 April 2023 105

R W Warnock Ltd (Registered number: SC421687)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 1,021,389 1,286,762
Other debtors 3,945 2,528
1,025,334 1,289,290

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade creditors 606,930 1,027,879
Amounts owed to associates - 5,211
Taxation and social security 38,163 37,195
Other creditors 166,981 195,029
812,074 1,265,314

8. RELATED PARTY DISCLOSURES

Within creditors is £0 (2023 £5,211), which is owed to a business owned by the director.