Acorah Software Products - Accounts Production 16.0.110 false true 30 April 2023 1 May 2022 false 1 May 2023 30 April 2024 30 April 2024 6195146 Mrs Patricia Whitaker Mr Luke Whitaker Mr David Whitaker iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 6195146 2023-04-30 6195146 2024-04-30 6195146 2023-05-01 2024-04-30 6195146 frs-core:CurrentFinancialInstruments 2024-04-30 6195146 frs-core:NetGoodwill 2024-04-30 6195146 frs-core:NetGoodwill 2023-05-01 2024-04-30 6195146 frs-core:NetGoodwill 2023-04-30 6195146 frs-core:MotorVehicles 2024-04-30 6195146 frs-core:MotorVehicles 2023-05-01 2024-04-30 6195146 frs-core:MotorVehicles 2023-04-30 6195146 frs-core:PlantMachinery 2024-04-30 6195146 frs-core:PlantMachinery 2023-05-01 2024-04-30 6195146 frs-core:PlantMachinery 2023-04-30 6195146 frs-core:ShareCapital 2024-04-30 6195146 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 6195146 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 6195146 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 6195146 frs-bus:SmallEntities 2023-05-01 2024-04-30 6195146 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 6195146 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 6195146 frs-bus:OrdinaryShareClass1 2023-05-01 2024-04-30 6195146 frs-bus:OrdinaryShareClass1 2024-04-30 6195146 frs-bus:Director1 2023-05-01 2024-04-30 6195146 frs-bus:Director2 2023-05-01 2024-04-30 6195146 frs-bus:Director3 2023-05-01 2024-04-30 6195146 frs-countries:EnglandWales 2023-05-01 2024-04-30 6195146 2022-04-30 6195146 2023-04-30 6195146 2022-05-01 2023-04-30 6195146 frs-core:CurrentFinancialInstruments 2023-04-30 6195146 frs-core:ShareCapital 2023-04-30 6195146 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30 6195146 frs-bus:OrdinaryShareClass1 2022-05-01 2023-04-30
Registered number: 6195146
Dave Whitaker & Son Tractors Limited
Unaudited Financial Statements
For The Year Ended 30 April 2024
Meadow Brook Accountancy
1, Duke Street
South Molton
Devon
EX36 3AL
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 6195146
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 10,431 13,870
10,431 13,870
CURRENT ASSETS
Stocks 6 244,376 433,746
Debtors 7 17,218 102,182
Cash at bank and in hand 371,321 135,320
632,915 671,248
Creditors: Amounts Falling Due Within One Year 8 (133,620 ) (203,512 )
NET CURRENT ASSETS (LIABILITIES) 499,295 467,736
TOTAL ASSETS LESS CURRENT LIABILITIES 509,726 481,606
PROVISIONS FOR LIABILITIES
Deferred Taxation (1,092 ) (635 )
NET ASSETS 508,634 480,971
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 508,534 480,871
SHAREHOLDERS' FUNDS 508,634 480,971
Page 1
Page 2
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 David Whitaker
Director
28th November 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
Dave Whitaker & Son Tractors Limited is a private company, limited by shares, incorporated in England & Wales, registered number 6195146 . The registered office is Killatree Farm, Pyworthy, Holsworthy, Devon, EX22 6LP.
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. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.
2.4. 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:
Plant & Machinery 20% reducing balance
Motor Vehicles 25% reducing balance
2.5. 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.
2.6. 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: 5 (2023: 5)
5 5
Page 3
Page 4
4. Intangible Assets
Goodwill
£
Cost
As at 1 May 2023 45,000
As at 30 April 2024 45,000
Amortisation
As at 1 May 2023 45,000
As at 30 April 2024 45,000
Net Book Value
As at 30 April 2024 -
As at 1 May 2023 -
5. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 May 2023 3,628 31,860 35,488
As at 30 April 2024 3,628 31,860 35,488
Depreciation
As at 1 May 2023 3,065 18,553 21,618
Provided during the period 112 3,327 3,439
As at 30 April 2024 3,177 21,880 25,057
Net Book Value
As at 30 April 2024 451 9,980 10,431
As at 1 May 2023 563 13,307 13,870
6. Stocks
2024 2023
£ £
Finished goods 244,376 433,746
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 11,937 81,831
Prepayments and accrued income 5,281 4,024
Other debtors - 2,400
VAT - 13,927
17,218 102,182
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8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 4,448 66,049
Corporation tax 23,210 24,865
Other taxes and social security 400 544
VAT 1,141 -
Other creditors 3,353 2,670
Accruals and deferred income 1,000 1,000
Directors' loan accounts 100,068 108,384
133,620 203,512
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
2024 2023
Allotted, called up and fully paid £ £
100 Ordinary Shares of £ 1.00 each 100 100
10. Dividends
2024 2023
£ £
On equity shares:
Interim dividend paid 30,000 21,500
Final dividend paid 18,000 24,000
48,000 45,500
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