H.WISEMAN & SON(WIMBISH)LIMITED

Company Registration Number:
00804203 (England and Wales)

Unaudited abridged accounts for the year ended 30 September 2024

Period of accounts

Start date: 01 October 2023

End date: 30 September 2024

H.WISEMAN & SON(WIMBISH)LIMITED

Contents of the Financial Statements

for the Period Ended 30 September 2024

Balance sheet
Notes

H.WISEMAN & SON(WIMBISH)LIMITED

Balance sheet

As at 30 September 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 283,669 312,246
Total fixed assets: 283,669 312,246
Current assets
Stocks: 346,190 338,769
Debtors:   117,849 60,535
Cash at bank and in hand: 195,030 285,318
Total current assets: 659,069 684,622
Creditors: amounts falling due within one year:   (324,288) (371,744)
Net current assets (liabilities): 334,781 312,878
Total assets less current liabilities: 618,450 625,124
Provision for liabilities: (4,200) (6,000)
Total net assets (liabilities): 614,250 619,124
Capital and reserves
Called up share capital: 19,000 19,000
Other reserves: 6,000 6,000
Profit and loss account: 589,250 594,124
Shareholders funds: 614,250 619,124

The notes form part of these financial statements

H.WISEMAN & SON(WIMBISH)LIMITED

Balance sheet statements

For the year ending 30 September 2024 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 17 January 2025
and signed on behalf of the board by:

Name: R P A Wiseman
Status: Director

The notes form part of these financial statements

H.WISEMAN & SON(WIMBISH)LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover represents sales of crops, together with support income and agricultural contracting work done in the year, excluding value added tax.

Tangible fixed assets and depreciation policy

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Land and buildings - 10% on cost Plant and machinery etc - 25% on reducing balance and 15% on reducing balance

Other accounting policies

Stocks Stocks of crops and cultivation work are valued at the lower of cost and net realisable value. Taxation Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. Current or deferred taxation assets and liabilities are not discounted. Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. Deferred tax Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Pension costs and other post-retirement benefits The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

H.WISEMAN & SON(WIMBISH)LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2024

2. Employees

2024 2023
Average number of employees during the period 4 4

H.WISEMAN & SON(WIMBISH)LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2024

3. Tangible Assets

Total
Cost £
At 01 October 2023 767,784
Additions 12,163
At 30 September 2024 779,947
Depreciation
At 01 October 2023 455,538
Charge for year 40,740
At 30 September 2024 496,278
Net book value
At 30 September 2024 283,669
At 30 September 2023 312,246

H.WISEMAN & SON(WIMBISH)LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2024

4. Related party transactions

During the year the company had the following related party transactions: - - £28,994 rent, in total, was paid to the directors (2023: £28,840). - £49,760 (2023: £53,379) was loaned to the company by the directors.