Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31306033The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.raising of poultry2023-04-01falsetruetruefalse 08440637 2023-04-01 2024-03-31 08440637 2022-04-01 2023-03-31 08440637 2024-03-31 08440637 2023-03-31 08440637 c:Director1 2023-04-01 2024-03-31 08440637 d:Buildings d:ShortLeaseholdAssets 2023-04-01 2024-03-31 08440637 d:Buildings d:ShortLeaseholdAssets 2024-03-31 08440637 d:Buildings d:ShortLeaseholdAssets 2023-03-31 08440637 d:PlantMachinery 2023-04-01 2024-03-31 08440637 d:PlantMachinery 2024-03-31 08440637 d:PlantMachinery 2023-03-31 08440637 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 08440637 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2023-04-01 2024-03-31 08440637 d:MotorVehicles 2023-04-01 2024-03-31 08440637 d:MotorVehicles 2024-03-31 08440637 d:MotorVehicles 2023-03-31 08440637 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 08440637 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-04-01 2024-03-31 08440637 d:OfficeEquipment 2023-04-01 2024-03-31 08440637 d:OfficeEquipment 2024-03-31 08440637 d:OfficeEquipment 2023-03-31 08440637 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 08440637 d:OfficeEquipment d:LeasedAssetsHeldAsLessee 2023-04-01 2024-03-31 08440637 d:ComputerEquipment 2023-04-01 2024-03-31 08440637 d:OtherPropertyPlantEquipment 2023-04-01 2024-03-31 08440637 d:OtherPropertyPlantEquipment 2024-03-31 08440637 d:OtherPropertyPlantEquipment 2023-03-31 08440637 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 08440637 d:OtherPropertyPlantEquipment d:LeasedAssetsHeldAsLessee 2023-04-01 2024-03-31 08440637 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 08440637 d:LeasedAssetsHeldAsLessee 2023-04-01 2024-03-31 08440637 d:Goodwill 2024-03-31 08440637 d:Goodwill 2023-03-31 08440637 d:CurrentFinancialInstruments 2024-03-31 08440637 d:CurrentFinancialInstruments 2023-03-31 08440637 d:Non-currentFinancialInstruments 2024-03-31 08440637 d:Non-currentFinancialInstruments 2023-03-31 08440637 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 08440637 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 08440637 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 08440637 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 08440637 d:ShareCapital 2024-03-31 08440637 d:ShareCapital 2023-03-31 08440637 d:RetainedEarningsAccumulatedLosses 2024-03-31 08440637 d:RetainedEarningsAccumulatedLosses 2023-03-31 08440637 c:FRS102 2023-04-01 2024-03-31 08440637 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 08440637 c:FullAccounts 2023-04-01 2024-03-31 08440637 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 08440637 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2024-03-31 08440637 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-03-31 08440637 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 08440637










J I WIGLEY LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

 
J I WIGLEY LIMITED
REGISTERED NUMBER: 08440637

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
8,341
8,341

Tangible assets
 5 
173,193
228,202

  
181,534
236,543

Current assets
  

Stocks
  
47,416
46,254

Debtors: amounts falling due within one year
 6 
19,710
27,204

Cash at bank and in hand
  
1,168
22,372

  
68,294
95,830

Creditors: amounts falling due within one year
 7 
(139,175)
(176,463)

Net current liabilities
  
 
 
(70,881)
 
 
(80,633)

Total assets less current liabilities
  
110,653
155,910

Creditors: amounts falling due after more than one year
 8 
(10,193)
(27,330)

Provisions for liabilities
  

Deferred tax
  
(11,453)
(16,796)

Net assets
  
89,007
111,784


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
88,907
111,684

  
89,007
111,784


Page 1

 
J I WIGLEY LIMITED
REGISTERED NUMBER: 08440637
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

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 on 11 October 2024.




J I Wigley
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
J I WIGLEY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

J I Wigley Limited is a private Company limited by shares, incorporated in England and Wales (registered number: 08440637). Its registered office is Bassett Farm, Stony Houghton, Mansfield, Notts NG19 8TR. The principal activity of the Company throughout the year continued to be that of livestock farming & poultry.

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 Company's functional and presentation currency is pounds sterling.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
J I WIGLEY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.3

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
All intangible assets are considered to have a finate useful life. If a reliable estimate of the useful life cannot be made, the useful life will not exceed ten years. 
 
 
2.4

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 provided on the following basis:

Tenants farmhouse improvements
-
10%
straight line
Plant and machinery
-
15%
reducing balance
Motor vehicles
-
25%
reducing balance
Office equipment
-
15%
reducing balance
Fixed plant
-
15%
reducing balance
Other fixed assets
-
10%
straight line

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 the Statement of Income and Retained Earnings.

 
2.5

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a weighted average basis. Work in progress and finished goods include labour and attributable overheads.
At each Balance Sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in the Statement of Income and Retained Earnings.

Page 4

 
J I WIGLEY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

  
2.6

Current and deferred taxation

Tax is recognised in the Statement of Income and Retained Earnings.
The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the Balance Sheet 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 Balance Sheet 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.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2023 - 3).


4.


Intangible assets




Non SDA entitlements

£



Cost


At 1 April 2023
8,341



At 31 March 2024

8,341






Net book value



At 31 March 2024
8,341



At 31 March 2023
8,341



Page 5

 
J I WIGLEY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Tangible fixed assets





Tenants farmhouse improvements
Plant and machinery
Motor vehicles
Fixed plant & office equipment
Turkey sheds & building conversion
Total

£
£
£
£
£
£



Cost or valuation


At 1 April 2023
30,598
99,327
203,435
21,937
112,490
467,787


Additions
-
347
-
-
756
1,103


Disposals
-
-
(142)
-
-
(142)



At 31 March 2024

30,598
99,674
203,293
21,937
113,246
468,748



Depreciation


At 1 April 2023
21,277
55,106
58,942
15,573
88,687
239,585


Charge for the year on owned assets
3,060
6,667
1,612
955
9,301
21,595


Charge for the year on financed assets
-
-
34,509
-
-
34,509


Disposals
-
-
(134)
-
-
(134)



At 31 March 2024

24,337
61,773
94,929
16,528
97,988
295,555



Net book value



At 31 March 2024
6,261
37,901
108,364
5,409
15,258
173,193



At 31 March 2023
9,321
44,221
144,493
6,364
23,803
228,202

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2024
2023
£
£



Motor vehicles
103,523
138,035

Amounts due on assets held under hire purchase agreements are included as secured creditors. 

Page 6

 
J I WIGLEY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

6.


Debtors

2024
2023
£
£


Other debtors
617
7,883

Prepayments
19,093
19,321

19,710
27,204



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
5,978
6,343

Other taxation and social security
104
168

Obligations under finance lease and hire purchase contracts
17,146
23,103

Other creditors
111,668
140,601

Accruals
4,279
6,248

139,175
176,463



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Net obligations under finance leases and hire purchase contracts
10,193
27,330



9.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held
separately from those of the Company in an independently administered fund. The pension cost charge
represents contributions payable by the Company to the fund and amounted to £248 (2023 - £Nil).
Contributions totalling £26 (2023 - £Nil) were payable to the fund at the Balance Sheet date and are
included in creditors.

 
Page 7