REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period 1 July 2023 to 29 June 2024 |
for |
J. R. & J. Webster |
(Halsall Farms) Limited |
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period 1 July 2023 to 29 June 2024 |
for |
J. R. & J. Webster |
(Halsall Farms) Limited |
J. R. & J. Webster |
(Halsall Farms) Limited (Registered number: 01364611) |
Contents of the Financial Statements |
for the Period 1 July 2023 to 29 June 2024 |
Page |
Balance Sheet | 1 |
Notes to the Financial Statements | 3 |
J. R. & J. Webster |
(Halsall Farms) Limited (Registered number: 01364611) |
Balance Sheet |
29 June 2024 |
2024 | 2023 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Stocks | 5 |
Debtors | 6 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
CREDITORS |
Amounts falling due after more than one year |
8 |
( |
) |
( |
) |
PROVISIONS FOR LIABILITIES | 11 | ( |
) | ( |
) |
NET LIABILITIES | ( |
) | ( |
) |
CAPITAL AND RESERVES |
Called up share capital | 12 |
Retained earnings | 13 | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
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. |
J. R. & J. Webster |
(Halsall Farms) Limited (Registered number: 01364611) |
Balance Sheet - continued |
29 June 2024 |
The financial statements were approved by the Board of Directors and authorised for issue on |
J. R. & J. Webster |
(Halsall Farms) Limited (Registered number: 01364611) |
Notes to the Financial Statements |
for the Period 1 July 2023 to 29 June 2024 |
1. | STATUTORY INFORMATION |
J. R. & J. Webster (Halsall Farms) Limited is a |
Registered number: |
Registered office: |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The financial statements have been prepared on a going concern basis, which the directors feel to be appropriate. The going concern assumption is based on the continuing support of the directors. The directors believe that the company's trading position has improved in the next period. |
Accordingly, no adjustments have been made to the valuation basis of assets and liabilities. An alternative basis of valuation may have been required had the going concern assumption been found to be inappropriate, or the directors support withdrawn. |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Tangible fixed assets |
Freehold property | - |
Tractors and trailers | - |
Plant and machinery | - |
Motor vehicles | - |
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
J. R. & J. Webster |
(Halsall Farms) Limited (Registered number: 01364611) |
Notes to the Financial Statements - continued |
for the Period 1 July 2023 to 29 June 2024 |
2. | ACCOUNTING POLICIES - continued |
Taxation |
Taxation for the period 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 period 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. |
Hire purchase and leasing commitments |
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter. |
The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was |
J. R. & J. Webster |
(Halsall Farms) Limited (Registered number: 01364611) |
Notes to the Financial Statements - continued |
for the Period 1 July 2023 to 29 June 2024 |
4. | TANGIBLE FIXED ASSETS |
Tractors |
Freehold | and | Plant and | Motor |
property | trailers | machinery | vehicles | Totals |
£ | £ | £ | £ | £ |
COST |
At 1 July 2023 |
Additions |
Disposals | ( |
) | ( |
) |
At 29 June 2024 |
DEPRECIATION |
At 1 July 2023 |
Charge for period |
Eliminated on disposal | ( |
) | ( |
) |
At 29 June 2024 |
NET BOOK VALUE |
At 29 June 2024 |
At 30 June 2023 |
Fixed assets, included in the above, which are held under hire purchase contracts are as follows: |
Tractors |
and | Plant and |
trailers | machinery | Totals |
£ | £ | £ |
COST |
At 1 July 2023 |
and 29 June 2024 |
DEPRECIATION |
At 1 July 2023 |
Charge for period |
At 29 June 2024 |
NET BOOK VALUE |
At 29 June 2024 |
At 30 June 2023 |
5. | STOCKS |
2024 | 2023 |
£ | £ |
Stocks |
J. R. & J. Webster |
(Halsall Farms) Limited (Registered number: 01364611) |
Notes to the Financial Statements - continued |
for the Period 1 July 2023 to 29 June 2024 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Trade debtors |
Other debtors |
Prepayments |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Bank loans and overdrafts (see note 9) |
Hire purchase contracts |
Trade creditors |
Directors' current accounts | 1,355,483 | 1,712,915 |
Accrued expenses |
8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2024 | 2023 |
£ | £ |
Bank loans (see note 9) |
Hire purchase contracts |
9. | LOANS |
An analysis of the maturity of loans is given below: |
2024 | 2023 |
£ | £ |
Amounts falling due within one year or on demand: |
Bank loans |
Amounts falling due between one and two years: |
Bank loans - 1-2 years |
Amounts falling due between two and five years: |
Bank loans - 2-5 years |
J. R. & J. Webster |
(Halsall Farms) Limited (Registered number: 01364611) |
Notes to the Financial Statements - continued |
for the Period 1 July 2023 to 29 June 2024 |
10. | SECURED DEBTS |
The following secured debts are included within creditors: |
2024 | 2023 |
£ | £ |
Hire purchase contracts | 298,967 | 184,667 |
Hire purchase creditors are secured against the assets concerned. |
A bank facility with a balance of £19,981 (2023: £31,582) is subject to a UK Government guarantee. The facility is provided through the Bounce Back Loan Scheme (BBLS), managed by the British Business Bank on behalf of and with the backing of the Secretary of State for Business, Energy and Industrial Strategy. The BBLS guarantee is provided to the lender. |
11. | PROVISIONS FOR LIABILITIES |
2024 | 2023 |
£ | £ |
Deferred tax | 106,577 | 110,118 |
Deferred |
tax |
£ |
Balance at 1 July 2023 |
Credit to Income Statement during period | ( |
) |
Balance at 29 June 2024 |
12. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2024 | 2023 |
value: | £ | £ |
Ordinary | £1 | 2 | 2 |
13. | RESERVES |
Retained |
earnings |
£ |
At 1 July 2023 | ( |
) |
Profit for the period |
At 29 June 2024 | ( |
) |
J. R. & J. Webster |
(Halsall Farms) Limited (Registered number: 01364611) |
Notes to the Financial Statements - continued |
for the Period 1 July 2023 to 29 June 2024 |
14. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
Rent totalling £56,000 (2023: £56,000) was paid in equal shares to Mr & Mrs Webster in respect of land farmed by the company. |
The balance owing to Mr & Mrs Webster at the year end relates to capital introduced, unpaid rent and dividends. |
15. | ULTIMATE CONTROLLING PARTY |
The company is controlled by the Board of Directors, being Mr & Mrs Webster, who collectively own 100% of the issued ordinary share capital of the company. |