Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-312023-04-01false55truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 00794480 2022-04-01 2023-03-31 00794480 2023-04-01 2024-03-31 00794480 2024-03-31 00794480 2023-03-31 00794480 c:Director1 2023-04-01 2024-03-31 00794480 c:Director2 2023-04-01 2024-03-31 00794480 c:Director3 2023-04-01 2024-03-31 00794480 c:Director4 2023-04-01 2024-03-31 00794480 d:PlantMachinery 2023-04-01 2024-03-31 00794480 d:PlantMachinery 2024-03-31 00794480 d:PlantMachinery 2023-03-31 00794480 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 00794480 d:MotorVehicles 2023-04-01 2024-03-31 00794480 d:MotorVehicles 2024-03-31 00794480 d:MotorVehicles 2023-03-31 00794480 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 00794480 d:FurnitureFittings 2023-04-01 2024-03-31 00794480 d:FurnitureFittings 2024-03-31 00794480 d:FurnitureFittings 2023-03-31 00794480 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 00794480 d:OtherPropertyPlantEquipment 2023-04-01 2024-03-31 00794480 d:OtherPropertyPlantEquipment 2024-03-31 00794480 d:OtherPropertyPlantEquipment 2023-03-31 00794480 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 00794480 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 00794480 d:CurrentFinancialInstruments 2024-03-31 00794480 d:CurrentFinancialInstruments 2023-03-31 00794480 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 00794480 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 00794480 d:ShareCapital 2024-03-31 00794480 d:ShareCapital 2023-03-31 00794480 d:RetainedEarningsAccumulatedLosses 2024-03-31 00794480 d:RetainedEarningsAccumulatedLosses 2023-03-31 00794480 c:OrdinaryShareClass1 2023-04-01 2024-03-31 00794480 c:OrdinaryShareClass1 2024-03-31 00794480 c:OrdinaryShareClass1 2023-03-31 00794480 c:OrdinaryShareClass2 2023-04-01 2024-03-31 00794480 c:OrdinaryShareClass2 2024-03-31 00794480 c:OrdinaryShareClass2 2023-03-31 00794480 c:FRS102 2023-04-01 2024-03-31 00794480 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 00794480 c:FullAccounts 2023-04-01 2024-03-31 00794480 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 00794480 d:AcceleratedTaxDepreciationDeferredTax 2024-03-31 00794480 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 00794480 d:RetirementBenefitObligationsDeferredTax 2024-03-31 00794480 d:RetirementBenefitObligationsDeferredTax 2023-03-31 00794480 d:OtherDeferredTax 2024-03-31 00794480 d:OtherDeferredTax 2023-03-31 00794480 e:PoundSterling 2023-04-01 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 00794480









C.F.VIGUS LIMITED







UNAUDITED

DIRECTORS' REPORT AND FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
C.F.VIGUS LIMITED
 
 
 
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 MARCH 2024

The directors present their report and the financial statements for the year ended 31 March 2024.

Directors' responsibilities statement

The directors are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations.
 
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period.

 In preparing these financial statements, the directors are required to:


select suitable accounting policies for the company's financial statements and then apply them consistently;

make judgments and accounting estimates that are reasonable and prudent;

state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;

prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and to enable them to ensure that the financial statements comply with the Companies Act 2006They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Principal activity

The principal activity of the company for the year under review was farming.

Directors

The directors who served during the year were:

Mr C Vigus 
Mr B Vigus 
Mrs S Tustin 
Mrs J Moore 

Small companies note

In preparing this report, the directors have taken advantage of the small companies exemptions provided by section 415A of the Companies Act 2006.

Page 1

 
C.F.VIGUS LIMITED
 
 
 
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024

This report was approved by the board and signed on its behalf.
 





................................................
Mrs S Tustin
Director
Date: 28 October 2024

Page 2

 
C.F.VIGUS LIMITED
REGISTERED NUMBER: 00794480

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
231,253
209,758

  
231,253
209,758

Current assets
  

Stocks
 5 
156,891
139,223

Debtors: amounts falling due within one year
 6 
11,424
9,645

Cash at bank and in hand
  
95,817
166,736

  
264,132
315,604

Creditors: amounts falling due within one year
 7 
(8,852)
(6,470)

Net current assets
  
 
 
255,280
 
 
309,134

Total assets less current liabilities
  
486,533
518,892

Provisions for liabilities
  

Deferred tax
 8 
(24,847)
(31,962)

  
 
 
(24,847)
 
 
(31,962)

Net assets
  
461,686
486,930


Capital and reserves
  

Called up share capital 
 9 
107,000
107,000

Profit and loss account
  
354,686
379,930

  
461,686
486,930


Page 3

 
C.F.VIGUS LIMITED
REGISTERED NUMBER: 00794480
    
STATEMENT OF FINANCIAL POSITION (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 by: 




................................................
Mr C Vigus
Director
Date: 28 October 2024

The notes on pages 5 to 12 form part of these financial statements.

Page 4

 
C.F.VIGUS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

The principal activity of the Company is farming.
The Company is a private company limited by shares and is incorporated in England and Wales.
The registered office of the Company is Chelsing Farm, Tonwell, Ware, Hertfordshire, SG12 0LA.

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 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.

Page 5

 
C.F.VIGUS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.3

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 charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Implements
-
15% reducing balance
Motor vehicles, tractors and combine
-
15-30% reducing balance
Fixtures and fittings
-
15% reducing balance
Property improvements
-
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 profit or loss.

 
2.4

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 reporting 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 profit or loss.

Page 6

 
C.F.VIGUS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

  
2.5

Financial instruments

The Company only enters into basic financial instruments and transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors and loans to and from related parties.
(i) Financial assets
Basic financial assets, including trade and other debtors, and amounts due from related companies, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.
Such assets are subsequently carried at amortised cost using the effective interest method.
At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in the Statement of Income and Retained Earnings.
Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.
(ii) Financial liabilities
Basic financial liabilities, including trade and other creditors and accruals, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Page 7

 
C.F.VIGUS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.6

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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 income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting 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.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.


3.


Employees

The average monthly number of employees, including directors, during the year was 5 (2023 - 5).

Page 8

 
C.F.VIGUS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Tangible fixed assets





Implements
Motor vehicles, tractors and combine
Fixtures and fittings
Property improve-ments
Total

£
£
£
£
£



Cost or valuation


At 1 April 2023
190,643
428,926
12,847
39,000
671,416


Additions
8,505
65,750
-
-
74,255


Disposals
-
(53,500)
-
-
(53,500)



At 31 March 2024

199,148
441,176
12,847
39,000
692,171



Depreciation


At 1 April 2023
119,010
326,338
4,447
11,863
461,658


Charge for the year on owned assets
10,745
22,277
1,260
3,900
38,182


Disposals
-
(38,922)
-
-
(38,922)



At 31 March 2024

129,755
309,693
5,707
15,763
460,918



Net book value



At 31 March 2024
69,393
131,483
7,140
23,237
231,253



At 31 March 2023
71,633
102,588
8,400
27,137
209,758

Page 9

 
C.F.VIGUS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Stocks

2024
2023
£
£

Growing crops
77,717
93,230

Harvested crops
79,174
45,993

156,891
139,223



6.


Debtors

2024
2023
£
£

Other debtors
1,928
399

Prepayments and accrued income
9,496
9,246

11,424
9,645



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other taxation and social security
737
967

Accruals and deferred income
8,115
5,503

8,852
6,470


Page 10

 
C.F.VIGUS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

8.


Deferred taxation




2024


£






At beginning of year
(31,962)


Charged to profit or loss
7,115



At end of year
(24,847)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(50,286)
(43,644)

Short term timing differences
(1,880)
(1,880)

Losses and other deductions
27,319
13,562

(24,847)
(31,962)





9.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



27,000 (2023 - 27,000) Ordinary shares of £1.00 each
27,000
27,000
80,000 (2023 - 80,000) Redeemable Preference shares of £1.00 each
80,000
80,000

107,000

107,000


The Company may elect to redeem the Redeemable Preference shares at any time, upon giving the shareholders whose shares are to be redeemed not less than three months notice in writing. 
The redemption price paid on each share, including any premium, shall be determined by the directors. 


10.


Related party transactions

During the year, the company paid rent of £5,500 (2023: £5,500), to the directors.

Page 11

 
C.F.VIGUS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

11.


Ultimate controlling party

In the opinion of the directors there is no ultimate controlling party.

Page 12