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REGISTERED NUMBER: 07944340 (England and Wales)






















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: A J Curtis
Y M Curtis





REGISTERED OFFICE: Quenby Lodge Farm
Cold Newton Road
Hungarton
Leicestershire
LE7 9JE





REGISTERED NUMBER: 07944340 (England and Wales)





ACCOUNTANTS: Barker & Co
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 4 543,744 638,411
Herd basis 5 50,660 49,210
594,404 687,621

CURRENT ASSETS
Stocks 498,490 582,496
Debtors 6 232,960 64,105
Investments 7 94 94
Cash at bank 86,027 18,700
817,571 665,395
CREDITORS
Amounts falling due within one year 8 813,537 754,022
NET CURRENT ASSETS/(LIABILITIES) 4,034 (88,627 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

598,438

598,994

PROVISIONS FOR LIABILITIES 135,000 120,000
NET ASSETS 463,438 478,994

CAPITAL AND RESERVES
Called up share capital 9 3 3
Retained earnings 463,435 478,991
SHAREHOLDERS' FUNDS 463,438 478,994

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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.

W A Curtis & Sons Limited (Registered number: 07944340)

Balance Sheet - continued
31st 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 30th September 2024 and were signed on its behalf by:




A J Curtis - Director



Y M Curtis - Director


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 private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 represents net invoiced sales of goods, services and subsidies excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Drainage - 25% on reducing balance
Borehole - 25% on reducing balance
Outbuildings - 25% on reducing balance
Tractors, trailers and combine - 25% on reducing balance
Motor vehicle - 25% on reducing balance
Implements - 25% 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.

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 4 (2023 - 4 ) .

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 97,373 194 18,129
Additions - - -
At 31st March 2024 97,373 194 18,129
DEPRECIATION
At 1st April 2023 86,596 187 15,904
Charge for year 2,696 2 557
At 31st March 2024 89,292 189 16,461
NET BOOK VALUE
At 31st March 2024 8,081 5 1,668
At 31st March 2023 10,777 7 2,225

Tractors,
trailers
and Motor
combine vehicle Implements Totals
£    £    £    £   
COST
At 1st April 2023 1,132,262 32,703 527,145 1,807,806
Additions 20,500 - 53,366 73,866
At 31st March 2024 1,152,762 32,703 580,511 1,881,672
DEPRECIATION
At 1st April 2023 714,836 30,050 321,822 1,169,395
Charge for year 106,491 663 58,124 168,533
At 31st March 2024 821,327 30,713 379,946 1,337,928
NET BOOK VALUE
At 31st March 2024 331,435 1,990 200,565 543,744
At 31st March 2023 417,426 2,653 205,323 638,411


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 33,692 6,163
Social security & other taxes 10,736 16,602
Prepayments 72,579 41,340
117,007 64,105

Amounts falling due after more than one year:
Other debtors 115,953 -

Aggregate amounts 232,960 64,105

7. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
Unlisted investments 94 94

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 25,015 13,354
Corporation tax 37,400 46,400
Social security and other taxes 420 -
Directors' current accounts 746,877 689,478
Accruals 3,825 4,790
813,537 754,022

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
3 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 expenses22,785
Money Introduced(68,725)
Wages unpaid(6,412)


AJ Curtis
Private expenses18,953


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.