Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31true2023-04-01falseNo description of principal activity2119falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 05766547 2023-04-01 2024-03-31 05766547 2022-04-01 2023-03-31 05766547 2024-03-31 05766547 2023-03-31 05766547 c:Director1 2023-04-01 2024-03-31 05766547 c:Director2 2023-04-01 2024-03-31 05766547 d:Buildings d:LongLeaseholdAssets 2023-04-01 2024-03-31 05766547 d:Buildings d:LongLeaseholdAssets 2024-03-31 05766547 d:Buildings d:LongLeaseholdAssets 2023-03-31 05766547 d:PlantMachinery 2023-04-01 2024-03-31 05766547 d:PlantMachinery 2024-03-31 05766547 d:PlantMachinery 2023-03-31 05766547 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 05766547 d:MotorVehicles 2023-04-01 2024-03-31 05766547 d:MotorVehicles 2024-03-31 05766547 d:MotorVehicles 2023-03-31 05766547 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 05766547 d:FurnitureFittings 2023-04-01 2024-03-31 05766547 d:FurnitureFittings 2024-03-31 05766547 d:FurnitureFittings 2023-03-31 05766547 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 05766547 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 05766547 d:Goodwill 2024-03-31 05766547 d:Goodwill 2023-03-31 05766547 d:ComputerSoftware 2024-03-31 05766547 d:ComputerSoftware 2023-03-31 05766547 d:CurrentFinancialInstruments 2024-03-31 05766547 d:CurrentFinancialInstruments 2023-03-31 05766547 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 05766547 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 05766547 d:ShareCapital 2024-03-31 05766547 d:ShareCapital 2023-03-31 05766547 d:RetainedEarningsAccumulatedLosses 2024-03-31 05766547 d:RetainedEarningsAccumulatedLosses 2023-03-31 05766547 d:AcceleratedTaxDepreciationDeferredTax 2024-03-31 05766547 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 05766547 d:FurtherSpecificTypeProvisionContingentLiability1ComponentTotalProvisionsContingentLiabilities 2024-03-31 05766547 d:FurtherSpecificTypeProvisionContingentLiability1ComponentTotalProvisionsContingentLiabilities 2023-03-31 05766547 d:FurtherSpecificTypeProvisionContingentLiability2ComponentTotalProvisionsContingentLiabilities 2024-03-31 05766547 d:FurtherSpecificTypeProvisionContingentLiability2ComponentTotalProvisionsContingentLiabilities 2023-03-31 05766547 c:FRS102 2023-04-01 2024-03-31 05766547 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 05766547 c:FullAccounts 2023-04-01 2024-03-31 05766547 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 05766547 2 2023-04-01 2024-03-31 05766547 d:Goodwill d:OwnedIntangibleAssets 2023-04-01 2024-03-31 05766547 d:ComputerSoftware d:OwnedIntangibleAssets 2023-04-01 2024-03-31 05766547 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure
Registered number: 05766547














WINDSOR FOOD MACHINERY LIMITED
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 31 MARCH 2024

 
WINDSOR FOOD MACHINERY LIMITED
REGISTERED NUMBER:05766547

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

FIXED ASSETS
  

Intangible assets
 4 
-
4,125

Tangible assets
 5 
217,340
253,484

  
217,340
257,609

CURRENT ASSETS
  

Stocks
 6 
3,653,941
3,663,565

Debtors: amounts falling due within one year
 7 
807,239
807,447

Cash at bank and in hand
 8 
1,175,402
601,076

  
5,636,582
5,072,088

Creditors: amounts falling due within one year
 9 
(3,356,121)
(2,522,564)

NET CURRENT ASSETS
  
 
 
2,280,461
 
 
2,549,524

TOTAL ASSETS LESS CURRENT LIABILITIES
  
2,497,801
2,807,133

PROVISIONS FOR LIABILITIES
  

Deferred tax
 10 
(40,366)
(46,919)

Other provisions
 11 
(260,000)
(260,000)

  
 
 
(300,366)
 
 
(306,919)

NET ASSETS
  
£2,197,435
£2,500,214


CAPITAL AND RESERVES
  

Called up share capital 
  
1,000
1,000

Profit and loss account
  
2,196,435
2,499,214

  
£2,197,435
£2,500,214


Page 1

 
WINDSOR FOOD MACHINERY LIMITED
REGISTERED NUMBER:05766547

BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 1 August 2024.




___________________________
Mr T S J Stuart
___________________________
Mrs K T Stuart
Director
Director

The notes on pages 3 to 11 form part of these financial statements.

Page 2

 
WINDSOR FOOD MACHINERY LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Windsor Food Machinery Limited is a private company limited by shares, incorporated in England and Wales. The company registration number is 05766547. The registered office of the company is Unit 1-6 Mountain Farm, Marsh Road Hamstreet, Ashford, Kent, TN26 2JD. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Income and Retained Earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 3

 
WINDSOR FOOD MACHINERY LIMITED
 

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 4

 
WINDSOR FOOD MACHINERY LIMITED
 

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.7

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.8

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.9

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 5

 
WINDSOR FOOD MACHINERY LIMITED
 

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)


2.9
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight line method or on a reducing balance basis.

Depreciation is provided on the following basis:

Long-term leasehold property
-
4%
straight line
Plant and machinery
-
25%
reducing balance
Motor vehicles
-
25%
reducing balance
Fixtures and fittings
-
25%
straight line or reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.10

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.11

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.12

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.13

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 6

 
WINDSOR FOOD MACHINERY LIMITED
 

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.14

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.15

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including the directors, during the year was as follows:


        2024
        2023
            No.
            No.







Directors
2
2



Staff
19
17

21
19

Page 7

 
WINDSOR FOOD MACHINERY LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Intangible assets




Website
Goodwill
Total

£
£
£



Cost


At 1 April 2023
9,000
630,000
639,000



At 31 March 2024

9,000
630,000
639,000



Amortisation


At 1 April 2023
4,875
630,000
634,875


Charge for the year on owned assets
4,125
-
4,125



At 31 March 2024

9,000
630,000
639,000



Net book value



At 31 March 2024
£-
£-
£-



At 31 March 2023
£4,125
£-
£4,125



Page 8

 
WINDSOR FOOD MACHINERY LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Tangible fixed assets





Long-term leasehold property
Plant and machinery
Motor vehicles
Fixtures and fittings
Total

£
£
£
£
£



Cost or valuation


At 1 April 2023
7,989
44,307
360,698
49,441
462,435


Additions
-
9,461
32,000
1,653
43,114


Disposals
-
-
(25,295)
-
(25,295)



At 31 March 2024

7,989
53,768
367,403
51,094
480,254



Depreciation


At 1 April 2023
5,117
28,352
134,672
40,810
208,951


Charge for the year on owned assets
320
5,482
56,237
7,166
69,205


Disposals
-
-
(15,242)
-
(15,242)



At 31 March 2024

5,437
33,834
175,667
47,976
262,914



Net book value



At 31 March 2024
£2,552
£19,934
£191,736
£3,118
£217,340



At 31 March 2023
£2,872
£15,955
£226,026
£8,631
£253,484




The net book value of land and buildings may be further analysed as follows:


2024
2023
£
£

Long leasehold
£2,552
£2,872



6.


Stocks

2024
2023
£
£

Raw materials and consumables
£3,653,941
£3,663,565


Page 9

 
WINDSOR FOOD MACHINERY LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

7.


Debtors

2024
2023
£
£


Trade debtors
605,710
474,270

Amounts owed by group undertakings
41,200
41,200

Other debtors
140,697
272,802

Prepayments and accrued income
19,632
19,175

£807,239
£807,447



8.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
£1,175,402
£601,076



9.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
1,273,891
892,155

Amounts owed to group undertakings
1,094,640
847,008

Corporation tax
218,936
253,543

Other taxation and social security
319,772
220,613

Other creditors
439,458
301,908

Accruals and deferred income
9,424
7,337

£3,356,121
£2,522,564


Page 10

 
WINDSOR FOOD MACHINERY LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

10.


Deferred taxation




2024


£






At beginning of year
(46,919)


Released / (charged) to profit or loss
6,553



At end of year
£(40,366)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(40,366)
(46,919)

£(40,366)
£(46,919)


11.


Provisions




Stock Obsolescence
Redundancy
Total

£
£
£





At 1 April 2023
250,000
10,000
260,000



At 31 March 2024
£250,000
£10,000
£260,000


12.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £169,694 (2023 - £116,914). Contributions totalling £3,077 (2023 - £3,000) were payable to the fund at the balance sheet date and are included in creditors.


13.
Controlling party 

The ultimate parent undertaking is WFM Group Holdings Limited, a company incorporated in England and Wales. The registered office address of the company is Unit 1-6 Mountain Farm Marsh Road, Hamstreet, Ashford, Kent, TN26 2JD.
MeatMaster Holdings Limited holds the entire issued share capital of Windsor Food Machinery Limited. 


Page 11