White Row Country Foods Limited 05932813 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is other retail sale of food in specialised stores. Digita Accounts Production Advanced 6.30.9574.0 true 05932813 2023-04-01 2024-03-31 05932813 2024-03-31 05932813 bus:Director1 1 2024-03-31 05932813 bus:Director2 1 2024-03-31 05932813 bus:OrdinaryShareClass1 2024-03-31 05932813 core:RetainedEarningsAccumulatedLosses 2024-03-31 05932813 core:ShareCapital 2024-03-31 05932813 core:CurrentFinancialInstruments 2024-03-31 05932813 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 05932813 core:Non-currentFinancialInstruments 2024-03-31 05932813 core:Non-currentFinancialInstruments core:AfterOneYear 2024-03-31 05932813 core:Goodwill 2024-03-31 05932813 core:PatentsTrademarksLicencesConcessionsSimilar 2024-03-31 05932813 core:LandBuildings core:LongLeaseholdAssets 2024-03-31 05932813 core:LandBuildings core:OwnedOrFreeholdAssets 2024-03-31 05932813 core:MotorVehicles 2024-03-31 05932813 core:OtherPropertyPlantEquipment 2024-03-31 05932813 bus:SmallEntities 2023-04-01 2024-03-31 05932813 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 05932813 bus:FilletedAccounts 2023-04-01 2024-03-31 05932813 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 05932813 bus:RegisteredOffice 2023-04-01 2024-03-31 05932813 bus:Director1 2023-04-01 2024-03-31 05932813 bus:Director1 1 2023-04-01 2024-03-31 05932813 bus:Director2 2023-04-01 2024-03-31 05932813 bus:Director2 1 2023-04-01 2024-03-31 05932813 bus:OrdinaryShareClass1 2023-04-01 2024-03-31 05932813 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 05932813 core:BrandNames 2023-04-01 2024-03-31 05932813 core:Goodwill 2023-04-01 2024-03-31 05932813 core:PatentsTrademarksLicencesConcessionsSimilar 2023-04-01 2024-03-31 05932813 core:LandBuildings 2023-04-01 2024-03-31 05932813 core:LandBuildings core:LongLeaseholdAssets 2023-04-01 2024-03-31 05932813 core:LandBuildings core:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 05932813 core:LeaseholdImprovements 2023-04-01 2024-03-31 05932813 core:MotorCars 2023-04-01 2024-03-31 05932813 core:MotorVehicles 2023-04-01 2024-03-31 05932813 core:OtherPropertyPlantEquipment 2023-04-01 2024-03-31 05932813 core:PlantMachinery 2023-04-01 2024-03-31 05932813 core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntity 2023-04-01 2024-03-31 05932813 countries:England 2023-04-01 2024-03-31 05932813 2023-03-31 05932813 bus:Director1 1 2023-03-31 05932813 bus:Director2 1 2023-03-31 05932813 core:Goodwill 2023-03-31 05932813 core:PatentsTrademarksLicencesConcessionsSimilar 2023-03-31 05932813 core:LandBuildings core:LongLeaseholdAssets 2023-03-31 05932813 core:LandBuildings core:OwnedOrFreeholdAssets 2023-03-31 05932813 core:MotorVehicles 2023-03-31 05932813 core:OtherPropertyPlantEquipment 2023-03-31 05932813 2022-04-01 2023-03-31 05932813 2023-03-31 05932813 bus:Director1 1 2023-03-31 05932813 bus:Director2 1 2023-03-31 05932813 bus:OrdinaryShareClass1 2023-03-31 05932813 core:RetainedEarningsAccumulatedLosses 2023-03-31 05932813 core:ShareCapital 2023-03-31 05932813 core:CurrentFinancialInstruments 2023-03-31 05932813 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 05932813 core:Non-currentFinancialInstruments 2023-03-31 05932813 core:Non-currentFinancialInstruments core:AfterOneYear 2023-03-31 05932813 core:Goodwill 2023-03-31 05932813 core:PatentsTrademarksLicencesConcessionsSimilar 2023-03-31 05932813 core:LandBuildings core:LongLeaseholdAssets 2023-03-31 05932813 core:LandBuildings core:OwnedOrFreeholdAssets 2023-03-31 05932813 core:MotorVehicles 2023-03-31 05932813 core:OtherPropertyPlantEquipment 2023-03-31 05932813 bus:Director1 1 2022-04-01 2023-03-31 05932813 bus:Director2 1 2022-04-01 2023-03-31 05932813 bus:Director1 1 2022-03-31 05932813 bus:Director2 1 2022-03-31 iso4217:GBP xbrli:pure xbrli:shares

White Row Country Foods Limited

Annual Report and Unaudited Financial Statements
Year Ended 31 March 2024

Registration number: 05932813

 

White Row Country Foods Limited

Contents

Balance Sheet

1 to 2

Notes to the Financial Statements

3 to 10

 

White Row Country Foods Limited

Balance Sheet

31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

4

28,500

36,000

Tangible assets

5

1,373,871

1,375,890

 

1,402,371

1,411,890

Current assets

 

Stocks

6

78,751

101,409

Debtors

7

264,669

125,424

Cash at bank and in hand

 

1,493

14,006

 

344,913

240,839

Creditors: Amounts falling due within one year

8

(564,552)

(520,090)

Net current liabilities

 

(219,639)

(279,251)

Total assets less current liabilities

 

1,182,732

1,132,639

Creditors: Amounts falling due after more than one year

8

(615,999)

(593,231)

Provisions for liabilities

(11,451)

(13,155)

Net assets

 

555,282

526,253

Capital and reserves

 

Called up share capital

10

2

2

Profit and loss account

555,280

526,251

Shareholders' funds

 

555,282

526,253

 

White Row Country Foods Limited

Balance Sheet

31 March 2024

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

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

The directors acknowledge their 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 and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 4 November 2024 and signed on its behalf by:
 

.........................................
Mr S J Tucker
Director

.........................................
Mrs H M Tucker
Director

Company Registration Number: 05932813

 

White Row Country Foods Limited

Notes to the Financial Statements

Year Ended 31 March 2024

1

General information

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

The address of its registered office is:
White Row Farm
Beckington
Frome
Somerset
BA11 6TN

These financial statements were authorised for issue by the Board on 4 November 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 - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', including Section 1A, and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

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

The company recognises revenue from the sale of goods when the significant risks and rewards of ownership of the goods have passed to the buyer, the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

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 corporation 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.

 

White Row Country Foods Limited

Notes to the Financial Statements

Year Ended 31 March 2024

Deferred tax is recognised on all timing differences at the balance sheet date unless indicated below. Timing differences are differences between taxable profits and the results as stated in the profit and loss account and other comprehensive income. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Intangible assets

Separately acquired trademarks and licences are shown at historical cost.

Trademarks, licences (including software) and customer-related intangible assets acquired in a business combination are recognised at fair value at the acquisition date.

Trademarks, licences and customer-related intangible assets have a finite useful life and are carried at cost less accumulated amortisation and any accumulated impairment losses.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Freehold land and buildings

Nil

Property improvements

Nil

Plant and machinery

15% reducing balance

Motor vehicles

25% reducing balance

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Branding

Nil

Goodwill

5% straight line

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are 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.

 

White Row Country Foods Limited

Notes to the Financial Statements

Year Ended 31 March 2024

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

Classification
The company holds the following financial instruments:

• Short term trade and other debtors and creditors;
• Bank loans; and
• Cash and bank balances.

All financial instruments are classified as basic.

 Recognition and measurement
The company has chosen to apply the recognition and measurement principles in FRS102.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.

Except for bank loans, such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.

Bank loans are initially measured at transaction price, including transaction costs, and are subsequently carried at amortised cost using the effective interest method.


 

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 80 (2023 - 80).

 

White Row Country Foods Limited

Notes to the Financial Statements

Year Ended 31 March 2024

4

Intangible assets

Goodwill
 £

Branding
 £

Total
£

Cost or valuation

At 1 April 2023

150,000

2,250

152,250

At 31 March 2024

150,000

2,250

152,250

Amortisation

At 1 April 2023

116,250

-

116,250

Amortisation charge

7,500

-

7,500

At 31 March 2024

123,750

-

123,750

Carrying amount

At 31 March 2024

26,250

2,250

28,500

At 31 March 2023

33,750

2,250

36,000

 

White Row Country Foods Limited

Notes to the Financial Statements

Year Ended 31 March 2024

5

Tangible assets

Included within the net book value of land and buildings above is £451,873 (2023 - £451,873) in respect of freehold land and buildings and £857,417 (2023 - £857,417) in respect of long leasehold land and buildings.
 

Land and buildings
£

Leasehold land and buildings
£

Motor vehicles
 £

Plant and machinery
 £

Total
£

Cost or valuation

At 1 April 2023

451,873

857,417

8,319

406,285

1,723,894

Additions

-

-

-

9,161

9,161

At 31 March 2024

451,873

857,417

8,319

415,446

1,733,055

Depreciation

At 1 April 2023

-

-

6,940

341,064

348,004

Charge for the year

-

-

383

10,797

11,180

At 31 March 2024

-

-

7,323

351,861

359,184

Carrying amount

At 31 March 2024

451,873

857,417

996

63,585

1,373,871

At 31 March 2023

451,873

857,417

1,379

65,221

1,375,890

 

White Row Country Foods Limited

Notes to the Financial Statements

Year Ended 31 March 2024

6

Stocks

2024
£

2023
£

Inventories

78,751

101,409

7

Debtors

Note

2024
£

2023
£

Trade debtors

 

59,248

36,195

Amounts owed by group undertakings and undertakings in which the company has a participating interest

11

27,072

36,054

Other debtors

 

178,349

53,175

 

264,669

125,424

 

White Row Country Foods Limited

Notes to the Financial Statements

Year Ended 31 March 2024

8

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

9

143,121

210,745

Trade creditors

 

247,133

192,172

Corporation tax

 

60,323

10,945

Social security and other taxes

 

105,775

87,591

Accruals and deferred income

 

8,200

18,637

 

564,552

520,090

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

9

615,999

593,231

9

Loans and borrowings

Current loans and borrowings

2024
£

2023
£

Bank borrowings

54,862

132,489

Bank overdrafts

88,259

78,256

143,121

210,745

2024
£

2023
£

Loans and borrowings due after one year

Bank borrowings

615,999

593,231

 

White Row Country Foods Limited

Notes to the Financial Statements

Year Ended 31 March 2024

10

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary Shares of £1 each

2

2

2

2

       

11

Related party transactions

Transactions with directors

2024

At 1 April 2023
£

Advances to director
£

Repayments by director
£

At 31 March 2024
£

Mr S J Tucker

Loan advances

(14,087)

(86,697)

43,458

(57,326)

Mrs H M Tucker

Loan advances

(14,087)

(90,284)

47,045

(57,326)

2023

At 1 April 2022
£

Advances to director
£

Repayments by director
£

At 31 March 2023
£

Mr S J Tucker

Loan advances

(39,709)

(53,137)

78,759

(14,087)

Mrs H M Tucker

Loan advances

(39,709)

(52,902)

78,524

(14,087)

Directors' remuneration

Summary of transactions with entities with joint control or significant interest

S J & H Tucker Partnership
 During the period the S J & H Tucker partnership and the company traded goods and services resulting in a closing balance owed to the company of £57,072.