REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 31st March 2024 |
for |
W A Curtis & Sons Limited |
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 31st March 2024 |
for |
W A Curtis & Sons Limited |
W A Curtis & Sons Limited (Registered number: 07944340) |
Contents of the Financial Statements |
for the Year Ended 31st March 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
W A Curtis & Sons Limited |
Company Information |
for the Year Ended 31st March 2024 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
Watling Offices |
Smockington Lane |
Wolvey |
Hinckley |
Leicestershire |
LE10 3AY |
W A Curtis & Sons Limited (Registered number: 07944340) |
Balance Sheet |
31st March 2024 |
2024 | 2023 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
Herd basis | 5 | 50,660 | 49,210 |
CURRENT ASSETS |
Stocks |
Debtors | 6 |
Investments | 7 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 8 |
NET CURRENT ASSETS/(LIABILITIES) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 9 |
Retained earnings |
SHAREHOLDERS' FUNDS |
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. |
W A Curtis & Sons Limited (Registered number: 07944340) |
Balance Sheet - continued |
31st March 2024 |
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 |
W A Curtis & Sons Limited (Registered number: 07944340) |
Notes to the Financial Statements |
for the Year Ended 31st March 2024 |
1. | STATUTORY INFORMATION |
W A Curtis & Sons Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover represents net invoiced sales of goods, services and subsidies excluding value added tax. |
Tangible fixed assets |
Drainage | - |
Borehole | - |
Outbuildings | - |
Tractors, trailers and combine | - |
Motor vehicle | - |
Implements | - |
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 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. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
W A Curtis & Sons Limited (Registered number: 07944340) |
Notes to the Financial Statements - continued |
for the Year Ended 31st March 2024 |
4. | TANGIBLE FIXED ASSETS |
Drainage | Borehole | Outbuildings |
£ | £ | £ |
COST |
At 1st April 2023 |
Additions |
At 31st March 2024 |
DEPRECIATION |
At 1st April 2023 |
Charge for year |
At 31st March 2024 |
NET BOOK VALUE |
At 31st March 2024 |
At 31st March 2023 |
Tractors, |
trailers |
and | Motor |
combine | vehicle | Implements | Totals |
£ | £ | £ | £ |
COST |
At 1st April 2023 |
Additions |
At 31st March 2024 |
DEPRECIATION |
At 1st April 2023 |
Charge for year |
At 31st March 2024 |
NET BOOK VALUE |
At 31st March 2024 |
At 31st March 2023 |
W A Curtis & Sons Limited (Registered number: 07944340) |
Notes to the Financial Statements - continued |
for the Year Ended 31st March 2024 |
5. | HERD BASIS |
Dairy |
herd |
basis |
£ |
COST |
At 1st April 2023 | 49,210 |
Additions | 19,320 |
Disposals | (17,870 | ) |
At 31st March 2024 | 50,660 |
NET BOOK VALUE |
At 31st March 2024 | 50,660 |
At 31st March 2023 | 49,210 |
6. | DEBTORS |
2024 | 2023 |
£ | £ |
Amounts falling due within one year: |
Trade debtors |
Social security & other taxes |
Prepayments |
Amounts falling due after more than one year: |
Other debtors |
Aggregate amounts |
7. | CURRENT ASSET INVESTMENTS |
2024 | 2023 |
£ | £ |
Unlisted investments |
The above unlisted investments consist of:- |
Anglia Farmers | 50 |
Central Wool Growers | 19 |
Meadow Valley Livestock Ltd | 25 |
W A Curtis & Sons Limited (Registered number: 07944340) |
Notes to the Financial Statements - continued |
for the Year Ended 31st March 2024 |
8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Trade creditors |
Corporation tax |
Social security and other taxes |
Directors' current accounts |
Accruals |
9. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2024 | 2023 |
value: | £ | £ |
Ordinary | £1 | 3 | 3 |
10. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
The director's made the following advances to the company during the year:- |
JW Curtis & YM Curtis |
Private expenses | 22,785 |
Money Introduced | (68,725) |
Wages unpaid | (6,412) |
AJ Curtis |
Private expenses | 18,953 |
No Interest was paid to the company on the director's loan account. |
11. | ULTIMATE CONTROLLING PARTY |
YM & JW Curtis have beneficial ownership and ultimate control of the company by virtue of their 67% interest in the company's ordinary share capital. |