Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-3162023-01-01falseNo description of principal activity5falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 00786411 2023-01-01 2023-12-31 00786411 2022-01-01 2022-12-31 00786411 2023-12-31 00786411 2022-12-31 00786411 c:CompanySecretary1 2023-01-01 2023-12-31 00786411 c:Director2 2023-01-01 2023-12-31 00786411 c:Director3 2023-01-01 2023-12-31 00786411 c:Director4 2023-01-01 2023-12-31 00786411 c:RegisteredOffice 2023-01-01 2023-12-31 00786411 c:Agent1 2023-01-01 2023-12-31 00786411 d:Buildings 2023-01-01 2023-12-31 00786411 d:Buildings 2023-12-31 00786411 d:Buildings 2022-12-31 00786411 d:Buildings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 00786411 d:PlantMachinery 2023-01-01 2023-12-31 00786411 d:PlantMachinery 2023-12-31 00786411 d:PlantMachinery 2022-12-31 00786411 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 00786411 d:MotorVehicles 2023-01-01 2023-12-31 00786411 d:MotorVehicles 2023-12-31 00786411 d:MotorVehicles 2022-12-31 00786411 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 00786411 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 00786411 d:CurrentFinancialInstruments 2023-12-31 00786411 d:CurrentFinancialInstruments 2022-12-31 00786411 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 00786411 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 00786411 d:ShareCapital 2023-12-31 00786411 d:ShareCapital 2022-12-31 00786411 d:SharePremium 2023-12-31 00786411 d:SharePremium 2022-12-31 00786411 d:RetainedEarningsAccumulatedLosses 2023-12-31 00786411 d:RetainedEarningsAccumulatedLosses 2022-12-31 00786411 c:FRS102 2023-01-01 2023-12-31 00786411 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 00786411 c:FullAccounts 2023-01-01 2023-12-31 00786411 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 00786411 d:AcceleratedTaxDepreciationDeferredTax 2023-12-31 00786411 d:AcceleratedTaxDepreciationDeferredTax 2022-12-31 00786411 d:TaxLossesCarry-forwardsDeferredTax 2023-12-31 00786411 d:TaxLossesCarry-forwardsDeferredTax 2022-12-31 00786411 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure
Company registration number: 00786411







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 DECEMBER 2023


E.A. WARD AND SONS (FARMS) LIMITED






































img28a4.png                        

 


E.A. WARD AND SONS (FARMS) LIMITED
 


 
COMPANY INFORMATION


Directors
E. J. Ward 
A. L. Ward 
S. A. Ward 




Company secretary
E. J. Ward



Registered number
00786411



Registered office
Magna House
18-32 London Road

Staines-Upon-Thames

TW18 4BP




Accountants
Menzies LLP
Chartered Accountants

Magna House

18-32 London Road

Staines-Upon-Thames

TW18 4BP




Bankers
HSBC
61 High Street

Staines

Middlesex

TW18 4QW





 


E.A. WARD AND SONS (FARMS) LIMITED
 



CONTENTS



Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 6


 


E.A. WARD AND SONS (FARMS) LIMITED
REGISTERED NUMBER:00786411



STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
315,990
336,493

  
315,990
336,493

Current assets
  

Stocks
  
27,300
23,500

Debtors: amounts falling due within one year
 5 
9,879
14,132

Cash at bank and in hand
  
457,008
427,925

  
494,187
465,557

Creditors: amounts falling due within one year
 6 
(252,461)
(267,535)

Net current assets
  
 
 
241,726
 
 
198,022

Total assets less current liabilities
  
557,716
534,515

Provisions for liabilities
  

Deferred tax
 7 
(3,505)
(1,721)

  
 
 
(3,505)
 
 
(1,721)

Net assets
  
554,211
532,794


Capital and reserves
  

Called up share capital 
  
15,249
15,249

Share premium account
  
23,847
23,847

Profit and loss account
  
515,115
493,698

  
554,211
532,794


Page 1

 


E.A. WARD AND SONS (FARMS) LIMITED
REGISTERED NUMBER:00786411


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2023

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 financial statements have been prepared 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 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 by: 



E. J. Ward
Director
Date: 20 September 2024

Page 2

 


E.A. WARD AND SONS (FARMS) LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

E.A. Ward and Sons (Farms) Limited is a private company limited by shares incorporated in England and Wales. The address of the principal place of busines is Stroude Farm, Stroude Road, Virginia Water, Surrey, GU25 4HR.
The financial statements are presented in sterling which is the functional currency of the company and rounded to
the nearest £.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and
the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or
receivable, excluding discounts, rebates, value added tax and other sales taxes.
Income from waste food collection and skip hire and similar services is recognised when the services are
provided.
Income from the sale of livestock is recognised at the point of sale.
Income received from option arrangements regarding the sale of land to developers is recognised at the end of the term of the arrangement.
Income generated from rental properties is recognised as 'other operating income' over the period of occupancy to which they relate. 

 
2.3

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of income and retained earnings in the same period as the related expenditure.

Page 3

 


E.A. WARD AND SONS (FARMS) LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.4

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 reporting 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 reporting 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 reporting date.

 
2.5

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.

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.

Depreciation is provided on the following basis:

Freehold property
-
5% straight line / 10% reducing balance
Plant and machinery
-
15% reducing balance
Motor vehicles
-
15% / 25% 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.

  
2.6

Stocks

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

Page 4

 


E.A. WARD AND SONS (FARMS) LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.7

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.

 
2.8

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.


3.


Employees

The average monthly number of employees, including directors, during the year was 5 (2022 - 6). 


4.


Tangible fixed assets





Freehold property
Plant and machinery
Motor vehicles
Total

£
£
£
£



Cost or valuation


At 1 January 2023
568,944
52,428
70,592
691,964



At 31 December 2023

568,944
52,428
70,592
691,964



Depreciation


At 1 January 2023
253,003
44,813
57,655
355,471


Charge for the year on owned assets
16,132
1,143
3,228
20,503



At 31 December 2023

269,135
45,956
60,883
375,974



Net book value



At 31 December 2023
299,809
6,472
9,709
315,990



At 31 December 2022
315,941
7,615
12,937
336,493

Page 5

 


E.A. WARD AND SONS (FARMS) LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Debtors

2023
2022
£
£


Trade debtors
8,076
12,266

Prepayments and accrued income
1,803
1,866

9,879
14,132



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
16,835
15,518

Corporation tax
13,049
2,190

Other taxation and social security
16,491
14,121

Other creditors
97,436
127,206

Accruals and deferred income
108,650
108,500

252,461
267,535



7.


Deferred taxation




2023


£






At beginning of year
(1,721)


Charged to profit or loss
(1,784)



At end of year
(3,505)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
(3,505)
(3,468)

Tax losses carried forward
-
1,747

(3,505)
(1,721)

 
Page 6