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Registration number: 08941447

A1 Straw Supplies Limited

Unaudited Financial Statements

for the Period from 1 April 2023 to 30 March 2024

 

A1 Straw Supplies Limited

Contents

Company Information

1

Director's Report

2

Balance Sheet

3

Notes to the Unaudited Financial Statements

4 to 7

 

A1 Straw Supplies Limited

Company Information

Director

Mr A Worboys

Registered office

Unit 1 The Cam Centre
Wilbury Way
Hitchin
Hertfordshire
SG4 0TW

 

A1 Straw Supplies Limited

Director's Report for the Period from 1 April 2023 to 30 March 2024

The director presents his report and the financial statements for the period from 1 April 2023 to 30 March 2024.

Director of the company

The director who held office during the period was as follows:

Mr A Worboys

Principal activity

The principal activity of the company is that of agricultural contracting.

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved by the director on 13 September 2024 and signed on its behalf by:

.........................................
Mr A Worboys
Director

 

A1 Straw Supplies Limited

(Registration number: 08941447)
Balance Sheet as at 30 March 2024

Note

2024
£

2023
£

Current assets

 

Debtors

4

185,501

171,499

Cash at bank and in hand

 

3,765

31,252

 

189,266

202,751

Creditors: Amounts falling due within one year

5

(1,108)

(1,096)

Net assets

 

188,158

201,655

Capital and reserves

 

Called up share capital

100

100

Retained earnings

188,058

201,555

Shareholders' funds

 

188,158

201,655

For the financial period ending 30 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 13 September 2024
 

.........................................
Mr A Worboys
Director

 

A1 Straw Supplies Limited

Notes to the Unaudited Financial Statements for the Period from 1 April 2023 to 30 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Unit 1 The Cam Centre
Wilbury Way
Hitchin
Hertfordshire
SG4 0TW
United Kingdom

The principal place of business is:
Manor Farm
Lower Caldecote
Biggleswade
Bedfordshire
SG18 9BB

These financial statements were authorised for issue by the director on 13 September 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

The financial statements have been prepared on a going concern basis.

 

A1 Straw Supplies Limited

Notes to the Unaudited Financial Statements for the Period from 1 April 2023 to 30 March 2024

Judgements

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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 taxable income.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold in the ordinary course of business.

Trade debtors are recognised at the transaction price.

Trade creditors

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised at the transaction price.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

 

A1 Straw Supplies Limited

Notes to the Unaudited Financial Statements for the Period from 1 April 2023 to 30 March 2024

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 0 (2023 - 1).

4

Debtors

Current

2024
£

2023
£

Trade debtors

(1,482)

(1,500)

Other debtors

186,983

172,999

 

185,501

171,499

5

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

108

96

Accruals and deferred income

1,000

1,000

1,108

1,096

 

A1 Straw Supplies Limited

Notes to the Unaudited Financial Statements for the Period from 1 April 2023 to 30 March 2024

6

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Ordinary Share Capital of £1 each

100

100

100

100

         

7

Dividends

2024

2023

£

£

Interim dividend of £120.00 (2023 - £300.00) per ordinary share

12,000

30,000

 

 

8

Related party transactions

At the balance sheet date, A1 Straws Ltd were owed £172,446 by A R Worboys Ltd, a company of which Mr A Worboys is the sole director and shareholder, the loan was carried out under normal trading conditions.

At the balance sheet date the company was owed £100 by (2023:£100 by) Mr A Worboys, the sole director and shareholder. The Loan was paid within 9 months of the year end and there are no terms of interest on this loan.
 

9

Ultimate controlling party

The ultimate controlling party is Mr Andrew Worboys, by virtue of his shareholding.