Acorah Software Products - Accounts Production 16.0.110 false true 31 March 2023 14 March 2022 false 1 April 2023 31 March 2024 31 March 2024 13974779 Mr Richard Veitch Mrs Lynne Veitch iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13974779 2023-03-31 13974779 2024-03-31 13974779 2023-04-01 2024-03-31 13974779 frs-core:CurrentFinancialInstruments 2024-03-31 13974779 frs-core:PlantMachinery 2024-03-31 13974779 frs-core:PlantMachinery 2023-04-01 2024-03-31 13974779 frs-core:PlantMachinery 2023-03-31 13974779 frs-core:ShareCapital 2024-03-31 13974779 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 13974779 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 13974779 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 13974779 frs-bus:SmallEntities 2023-04-01 2024-03-31 13974779 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 13974779 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 13974779 frs-bus:Director1 2023-04-01 2024-03-31 13974779 frs-bus:Director2 2023-04-01 2024-03-31 13974779 frs-countries:EnglandWales 2023-04-01 2024-03-31 13974779 2022-03-13 13974779 2023-03-31 13974779 2022-03-14 2023-03-31 13974779 frs-core:CurrentFinancialInstruments 2023-03-31 13974779 frs-core:ShareCapital 2023-03-31 13974779 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 13974779
Willowbank Farm 2022 Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2024
Edmonds Accountancy
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 13974779
31 March 2024 31 March 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 14,857 10,033
14,857 10,033
CURRENT ASSETS
Debtors 5 14,307 4,688
Cash at bank and in hand 21,571 11,355
35,878 16,043
Creditors: Amounts Falling Due Within One Year 6 (37,076 ) (31,580 )
NET CURRENT ASSETS (LIABILITIES) (1,198 ) (15,537 )
TOTAL ASSETS LESS CURRENT LIABILITIES 13,659 (5,504 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (2,823 ) (1,906 )
NET ASSETS/(LIABILITIES) 10,836 (7,410 )
CAPITAL AND RESERVES
Called up share capital 7 2 -
Profit and Loss Account 10,834 (7,410 )
SHAREHOLDERS' FUNDS 10,836 (7,410)
Page 1
Page 2
For the 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.
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
Mrs Lynne Veitch
Director
27/12/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Willowbank Farm 2022 Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13974779 . The registered office is Willowbank Farm Chandlers Green, Mattingley, Hook, RG27 8LH.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. 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
2.3. 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 years 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 assets reflect 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 and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are 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: 2 (2023: 2)
2 2
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 April 2023 13,377
Additions 7,300
As at 31 March 2024 20,677
Depreciation
As at 1 April 2023 3,344
Provided during the period 2,476
As at 31 March 2024 5,820
...CONTINUED
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Page 4
Net Book Value
As at 31 March 2024 14,857
As at 1 April 2023 10,033
5. Debtors
31 March 2024 31 March 2023
£ £
Due within one year
Trade debtors 14,307 4,688
6. Creditors: Amounts Falling Due Within One Year
31 March 2024 31 March 2023
£ £
Trade creditors 2,496 -
Other creditors 29,929 31,312
Taxation and social security 4,651 268
37,076 31,580
7. Share Capital
31 March 2024 31 March 2023
£ £
Allotted, Called up and fully paid 2 -
Page 4