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REGISTERED NUMBER: 00548033 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

ARTHUR WRIGHT FARMS LIMITED

ARTHUR WRIGHT FARMS LIMITED (REGISTERED NUMBER: 00548033)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Balance Sheet 1

Notes to the Financial Statements 3


ARTHUR WRIGHT FARMS LIMITED (REGISTERED NUMBER: 00548033)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 495
Tangible assets 5 911,781 938,125
Investments 6 21,367 77,432
933,148 1,016,052

CURRENT ASSETS
Stocks 90,776 89,156
Debtors 7 16,467 15,253
Cash at bank 460,110 490,255
567,353 594,664
CREDITORS
Amounts falling due within one year 8 74,913 94,521
NET CURRENT ASSETS 492,440 500,143
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,425,588

1,516,195

PROVISIONS FOR LIABILITIES 28,322 26,526
NET ASSETS 1,397,266 1,489,669

CAPITAL AND RESERVES
Called up share capital 9 26,000 26,000
Retained earnings 1,371,266 1,463,669
SHAREHOLDERS' FUNDS 1,397,266 1,489,669

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.

ARTHUR WRIGHT FARMS LIMITED (REGISTERED NUMBER: 00548033)

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 13 August 2024 and were signed on its behalf by:




W A N Wright - Director



W A Wright - Director


ARTHUR WRIGHT FARMS LIMITED (REGISTERED NUMBER: 00548033)

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


1. STATUTORY INFORMATION

Arthur Wright Farms Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 00548033

Registered office: Whitley Hall Farm
Lower Whitley
Warrington
Cheshire
WA4 4ES

The presentation currency of the financial statements is the Pound Sterling (£).


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.

INTANGIBLE ASSETS
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Entitlements are being amortised evenly over their estimated useful life of two years.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant & machinery - 20% on reducing balance
Tractors - 20% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 20% on reducing balance

STOCKS
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

ARTHUR WRIGHT FARMS LIMITED (REGISTERED NUMBER: 00548033)

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


2. ACCOUNTING POLICIES - continued

FINANCIAL INSTRUMENTS
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset , with the net amounts presented in the financial statement when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities, including creditors , bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.


ARTHUR WRIGHT FARMS LIMITED (REGISTERED NUMBER: 00548033)

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


2. ACCOUNTING POLICIES - continued
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.

DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Entitlements
£   
COST
At 1 April 2023
and 31 March 2024 990
AMORTISATION
At 1 April 2023 495
Amortisation for year 495
At 31 March 2024 990
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 495

ARTHUR WRIGHT FARMS LIMITED (REGISTERED NUMBER: 00548033)

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


5. TANGIBLE FIXED ASSETS
Freehold Plant &
property machinery Tractors
£    £    £   
COST
At 1 April 2023 798,409 756,502 269,394
Additions - 7,000 -
Disposals - (5,000 ) -
At 31 March 2024 798,409 758,502 269,394
DEPRECIATION
At 1 April 2023 - 689,183 197,810
Charge for year - 13,864 14,317
At 31 March 2024 - 703,047 212,127
NET BOOK VALUE
At 31 March 2024 798,409 55,455 57,267
At 31 March 2023 798,409 67,319 71,584

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2023 68,778 862 1,893,945
Additions - - 7,000
Disposals - - (5,000 )
At 31 March 2024 68,778 862 1,895,945
DEPRECIATION
At 1 April 2023 68,048 779 955,820
Charge for year 146 17 28,344
At 31 March 2024 68,194 796 984,164
NET BOOK VALUE
At 31 March 2024 584 66 911,781
At 31 March 2023 730 83 938,125

ARTHUR WRIGHT FARMS LIMITED (REGISTERED NUMBER: 00548033)

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


6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2023 77,432
Disposals (56,065 )
At 31 March 2024 21,367
NET BOOK VALUE
At 31 March 2024 21,367
At 31 March 2023 77,432

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 6,744 4,979
Other debtors 9,723 10,274
16,467 15,253

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 15,450 30,508
Taxation and social security 2,489 1,037
Other creditors 56,974 62,976
74,913 94,521

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
26,000 Ordinary £1 26,000 26,000