Acorah Software Products - Accounts Production 15.0.600 false true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 6815194 Mr Colin Watkins Mr Graham Soar iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 6815194 2023-01-31 6815194 2024-01-31 6815194 2023-02-01 2024-01-31 6815194 frs-core:CurrentFinancialInstruments 2024-01-31 6815194 frs-core:Non-currentFinancialInstruments 2024-01-31 6815194 frs-core:ComputerEquipment 2024-01-31 6815194 frs-core:ComputerEquipment 2023-02-01 2024-01-31 6815194 frs-core:ComputerEquipment 2023-01-31 6815194 frs-core:FurnitureFittings 2024-01-31 6815194 frs-core:FurnitureFittings 2023-02-01 2024-01-31 6815194 frs-core:FurnitureFittings 2023-01-31 6815194 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-01-31 6815194 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 6815194 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-01-31 6815194 frs-core:MotorVehicles 2024-01-31 6815194 frs-core:MotorVehicles 2023-02-01 2024-01-31 6815194 frs-core:MotorVehicles 2023-01-31 6815194 frs-core:PlantMachinery 2024-01-31 6815194 frs-core:PlantMachinery 2023-02-01 2024-01-31 6815194 frs-core:PlantMachinery 2023-01-31 6815194 frs-core:ShareCapital 2024-01-31 6815194 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 6815194 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 6815194 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 6815194 frs-bus:SmallEntities 2023-02-01 2024-01-31 6815194 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 6815194 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 6815194 frs-bus:Director1 2023-02-01 2024-01-31 6815194 frs-bus:CompanySecretary1 2023-02-01 2024-01-31 6815194 frs-core:CurrentFinancialInstruments 1 2024-01-31 6815194 frs-countries:EnglandWales 2023-02-01 2024-01-31 6815194 2022-01-31 6815194 2023-01-31 6815194 2022-02-01 2023-01-31 6815194 frs-core:CurrentFinancialInstruments 2023-01-31 6815194 frs-core:Non-currentFinancialInstruments 2023-01-31 6815194 frs-core:ShareCapital 2023-01-31 6815194 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31 6815194 frs-core:CurrentFinancialInstruments 1 2023-01-31
Registered number: 6815194
C J WATKINS AGRICULTURAL LTD
Unaudited Financial Statements
For The Year Ended 31 January 2024
HAG Accounting Services LTD
Owl Lodge
Tubwell Lane
Crowborough
East Sussex
TN6 3RN
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 6815194
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 264,412 219,514
264,412 219,514
CURRENT ASSETS
Stocks 5 (20,000 ) 20,000
Debtors 6 (8,109 ) (11,220 )
Cash at bank and in hand 105,467 105,467
77,358 114,247
Creditors: Amounts Falling Due Within One Year 7 (42,127 ) (60,730 )
NET CURRENT ASSETS (LIABILITIES) 35,231 53,517
TOTAL ASSETS LESS CURRENT LIABILITIES 299,643 273,031
Creditors: Amounts Falling Due After More Than One Year 8 (99,187 ) (99,187 )
NET ASSETS 200,456 173,844
CAPITAL AND RESERVES
Called up share capital 9 2 2
Profit and Loss Account 200,454 173,842
SHAREHOLDERS' FUNDS 200,456 173,844
Page 1
Page 2
For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Colin Watkins
Director
27th October 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
C J WATKINS AGRICULTURAL LTD is a private company, limited by shares, incorporated in England & Wales, registered number 6815194 . The registered office is Mistral, Clackhams Lane, Crowborough, East Sussex, TN6 3RN.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold NIl
Plant & Machinery 20% Reducing Balance
Motor Vehicles 20% Reducing Balance
Fixtures & Fittings 20% Reducing Balance
Computer Equipment 33.3% Straight Line
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 1 -
Sales, marketing and distribution - 1
1 1
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4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 February 2023 20,200 444,415 202,916 13,835
Additions - 93,346 12,604 -
As at 31 January 2024 20,200 537,761 215,520 13,835
Depreciation
As at 1 February 2023 - 318,070 133,032 10,750
Provided during the period - 43,938 16,497 617
As at 31 January 2024 - 362,008 149,529 11,367
Net Book Value
As at 31 January 2024 20,200 175,753 65,991 2,468
As at 1 February 2023 20,200 126,345 69,884 3,085
Computer Equipment Total
£ £
Cost
As at 1 February 2023 9,649 691,015
Additions - 105,950
As at 31 January 2024 9,649 796,965
Depreciation
As at 1 February 2023 9,649 471,501
Provided during the period - 61,052
As at 31 January 2024 9,649 532,553
Net Book Value
As at 31 January 2024 - 264,412
As at 1 February 2023 - 219,514
5. Stocks
2024 2023
£ £
Stock (20,000 ) 20,000
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6. Debtors
2024 2023
£ £
Due within one year
VAT 3,111 -
Due after more than one year
Deferred tax current asset (11,220 ) (11,220 )
(8,109 ) (11,220 )
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 57 (1 )
Bank loans and overdrafts 2,903 2,903
VAT - 7,060
Other creditors 8,246 8,246
Other creditors -accountant 35 1,652
Director's loan account 5,165 15,149
Amounts owed to related parties 25,721 25,721
42,127 60,730
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Directors loan account 99,187 99,187
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
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