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REGISTERED NUMBER: 01883859 (England and Wales)
















Unaudited Financial Statements for the Year Ended 31 March 2024

for

GWT Farms Limited

GWT Farms Limited (Registered number: 01883859)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


GWT Farms Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mr W G Topham
Mr G W Topham II





SECRETARY: Mr W G Topham





REGISTERED OFFICE: Lake House
Market Hill
Royston
Hertfordshire
SG8 9JN





REGISTERED NUMBER: 01883859 (England and Wales)





ACCOUNTANTS: Hardcastle Burton LLP
Lake House
Market Hill
Royston
Hertfordshire
SG8 9JN

GWT Farms Limited (Registered number: 01883859)

Abridged Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 235,098 199,744

CURRENT ASSETS
Stocks 4,505 253
Debtors 124,543 112,328
129,048 112,581
CREDITORS
Amounts falling due within one year 1,274,570 1,273,446
NET CURRENT LIABILITIES (1,145,522 ) (1,160,865 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(910,424

)

(961,121

)

CREDITORS
Amounts falling due after more than one
year

361,343

344,865
NET LIABILITIES (1,271,767 ) (1,305,986 )

CAPITAL AND RESERVES
Called up share capital 5 100 100
Retained earnings (1,271,867 ) (1,306,086 )
SHAREHOLDERS' FUNDS (1,271,767 ) (1,305,986 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

GWT Farms Limited (Registered number: 01883859)

Abridged Balance Sheet - continued
31 March 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 September 2024 and were signed on its behalf by:





Mr G W Topham II - Director


GWT Farms Limited (Registered number: 01883859)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

GWT Farms Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared on a going concern basis. The Directors consider the basis to be appropriate despite the fact that the balance sheet shows net current liabilities at 31st March 2024. The company is generating sufficient cash flows on a weekly basis together with support of its directors to meet it current liabilities.

Should the company be unable to continue trading, adjustments would have been made to adjust the value of the assets to their recoverable amount, to provide for any further liabilities which might arise.

Turnover
Turnover represents net invoiced provisions of services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures & fittings - 20% on reducing balance
Vehicles - 20% on reducing balance
Computer equipment - 20% on reducing balance
Improvements to property - 5% on straight line

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 9 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023 393,623
Additions 90,000
At 31 March 2024 483,623
DEPRECIATION
At 1 April 2023 193,879
Charge for year 54,646
At 31 March 2024 248,525
NET BOOK VALUE
At 31 March 2024 235,098
At 31 March 2023 199,744

The net value of assets held under hire purchase contracts at 31 March 2024 is £170,865 (2023: £119,831).

GWT Farms Limited (Registered number: 01883859)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
100 Ordinary 1 100 100