2023-04-01 NI641803 2024-03-31 NI641803 2023-04-01 2024-03-31 NI641803 2023-03-31 NI641803 2022-04-01 2023-03-31 NI641803 uk-core:WithinOneYear 2023-03-31 NI641803 uk-core:WithinOneYear 2024-03-31 NI641803 uk-core:ShareCapital 2024-03-31 NI641803 uk-core:ShareCapital 2023-03-31 NI641803 uk-core:RetainedEarningsAccumulatedLosses 2024-03-31 NI641803 uk-core:RetainedEarningsAccumulatedLosses 2023-03-31 NI641803 uk-bus:Director1 2023-04-01 2024-03-31 NI641803 uk-core:PlantMachinery 2023-04-01 2024-03-31 NI641803 uk-core:ComputerEquipment 2023-04-01 2024-03-31 NI641803 uk-core:Goodwill 2023-03-31 NI641803 uk-core:Goodwill 2024-03-31 NI641803 uk-core:Goodwill 2023-04-01 2024-03-31 NI641803 uk-core:ComputerEquipment 2023-03-31 NI641803 uk-core:PlantMachinery 2023-03-31 NI641803 uk-core:Buildings 2023-03-31 NI641803 uk-core:Buildings 2024-03-31 NI641803 uk-core:PlantMachinery 2024-03-31 NI641803 uk-core:ComputerEquipment 2024-03-31 NI641803 uk-core:Buildings 2023-04-01 2024-03-31 NI641803 uk-core:WithinOneYear 2024-03-31 NI641803 uk-core:WithinOneYear 2023-03-31 iso4217:GBP xbrli:pure NI641803 uk-bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 NI641803 uk-bus:FRS102 2023-04-01 2024-03-31 NI641803 uk-bus:FilletedAccounts 2023-04-01 2024-03-31 NI641803 uk-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31
WRM Farm Produce Limited
Registered Number:NI641803
For the year ended 31 March 2024
Northern Ireland
Unaudited Financial Statements
2
For the year ended 31 March 2024
WRM Farm Produce Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
NI641803
As at 31 March 2024
WRM Farm Produce Limited
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Intangible assets
-
2,000
2
Property, plant and equipment
118,794
124,493
3
118,794
126,493
Current assets
Inventories
8,428
11,197
4
Trade and other receivables
16,758
14,762
5
25,959
25,186
Trade and other payables: amounts falling due within one
year
(54,490)
(49,433)
6
(29,304)
(23,474)
Net current liabilities
Total assets less current liabilities
95,320
97,189
(4,319)
(5,397)
Provisions for liabilities
91,001
Net assets
91,792
Capital and reserves
Called up share capital
1
1
Retained earnings
91,000
91,791
91,001
91,792
Shareholders' funds
For the year ended 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 of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr William Morton Director
These financial statements were approved and authorised for issue by the Board on 28 January 2025 and were signed by:
The notes form part of these financial statements
1 of 4
4
For the year ended 31 March 2024
WRM Farm Produce Limited
Notes to the Financial Statements
Statutory Information
WRM Farm Produce Limited is a private limited company, limited by shares, domiciled in Northern Ireland, registration
number NI641803.
Registered address:
135 Navanfort Road
Armagh
Armagh
BT60 4PX
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery
20% Reducing balance
15% Reducing balance
Computer Equipment
Inventories
Inventories are value at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
2 of 4
5
For the year ended 31 March 2024
WRM Farm Produce Limited
Notes to the Financial Statements Continued
2. Intangible fixed assets
Goodwill
Cost or valuation
£
At 01 April 2023
4,000
At 31 March 2024
4,000
Amortisation
At 01 April 2023
2,000
2,000
Charge for year
At 31 March 2024
4,000
Net book value
At 31 March 2024
-
At 31 March 2023
2,000
3. Property, plant and equipment
Total
Computer
Equipment
Plant and
Machinery
Land and
Buildings
£
£
£
£
Cost or
valuation
At 01 April 2023
154,704
394
58,353
95,957
At 31 March 2024
95,957
58,353
394
154,704
Provision for depreciation and impairment
At 01 April 2023
30,211
245
29,966
-
Charge for year
5,699
22
5,677
-
At 31 March 2024
35,910
267
35,643
-
At 31 March 2024
Net book value
95,957
22,710
127
118,794
At 31 March 2023
95,957
28,387
149
124,493
4. Inventories
2023
2024
£
£
Stocks
11,197
8,428
3 of 4
6
For the year ended 31 March 2024
WRM Farm Produce Limited
Notes to the Financial Statements Continued
5. Trade and other receivables
2023
2024
£
£
Trade debtors
8,607
13,379
Other debtors
6,155
3,379
16,758
14,762
6. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Bank loans and overdraft
23,426
18,245
Trade creditors
18,011
23,259
Taxation and social security
5,245
3,874
Other creditors
2,751
9,112
49,433
54,490
7. Average number of persons employed
During the year the average number of employees was 0
4 of 4