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REGISTERED NUMBER: 03925312 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 March 2024

for

West Newton Fruit Ltd

West Newton Fruit Ltd (Registered number: 03925312)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


West Newton Fruit Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: D J Hill
P J Hill
Mrs D C Collins





SECRETARY: D J Hill





REGISTERED OFFICE: Stafford House
Blackbrook Park Avenue
Taunton
Somerset
TA1 2PX





REGISTERED NUMBER: 03925312 (England and Wales)





ACCOUNTANTS: A C Mole LLP
Stafford House
Blackbrook Park Avenue
Taunton
Somerset
TA1 2PX

West Newton Fruit Ltd (Registered number: 03925312)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 372,173 404,346

CURRENT ASSETS
Stocks 29,305 18,965
Debtors 5 29,215 66,334
Cash at bank and in hand 124,518 103,856
183,038 189,155
CREDITORS
Amounts falling due within one year 6 194,673 116,500
NET CURRENT (LIABILITIES)/ASSETS (11,635 ) 72,655
TOTAL ASSETS LESS CURRENT
LIABILITIES

360,538

477,001

PROVISIONS FOR LIABILITIES 16,888 18,308
NET ASSETS 343,650 458,693

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 343,550 458,593
SHAREHOLDERS' FUNDS 343,650 458,693

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.

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 27 September 2024 and were signed on its behalf by:





D J Hill - Director


West Newton Fruit Ltd (Registered number: 03925312)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

West Newton Fruit Ltd 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 is the sale of fruit and cereals.

Revenue is recognised when the ownership of goods are transferred to the customer.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - Straight line over 10 years
Plant and machinery - 25% on reducing balance
Tractors - 25% on reducing balance
Motor vehicles - 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 2 (2023 - 12 ) .

West Newton Fruit Ltd (Registered number: 03925312)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Freehold Plant and
property machinery Tractors
£    £    £   
COST
At 1 April 2023 719,345 321,597 92,394
Additions 4,141 - -
Disposals - (71,717 ) (25,000 )
At 31 March 2024 723,486 249,880 67,394
DEPRECIATION
At 1 April 2023 369,631 288,756 81,811
Charge for year 26,663 7,098 2,448
Eliminated on disposal - (76,779 ) (24,208 )
At 31 March 2024 396,294 219,075 60,051
NET BOOK VALUE
At 31 March 2024 327,192 30,805 7,343
At 31 March 2023 349,714 32,841 10,583

Cannington
grain
Motor store
vehicles investment Totals
£    £    £   
COST
At 1 April 2023 60,719 5,516 1,199,571
Additions - - 4,141
Disposals - - (96,717 )
At 31 March 2024 60,719 5,516 1,106,995
DEPRECIATION
At 1 April 2023 55,027 - 795,225
Charge for year 3,184 - 39,393
Eliminated on disposal 1,191 - (99,796 )
At 31 March 2024 59,402 - 734,822
NET BOOK VALUE
At 31 March 2024 1,317 5,516 372,173
At 31 March 2023 5,692 5,516 404,346

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 23,321 49,199
Other debtors 5,784 5,199
Directors' current accounts - 8,057
Tax - 3,769
Trade investments 110 110
29,215 66,334

West Newton Fruit Ltd (Registered number: 03925312)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 21,622 7,524
Tax 942 -
Other creditors 375 1,386
Directors' current accounts 167,164 103,340
Accruals and deferred income 4,570 4,250
194,673 116,500