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REGISTERED NUMBER: 01364611 (England and Wales)








































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 4 800,537 820,744

CURRENT ASSETS
Stocks 5 270,979 438,971
Debtors 6 77,090 95,940
Cash at bank and in hand 92,263 21,587
440,332 556,498
CREDITORS
Amounts falling due within one year 7 1,729,930 2,119,687
NET CURRENT LIABILITIES (1,289,598 ) (1,563,189 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(489,061

)

(742,445

)

CREDITORS
Amounts falling due after more than one
year

8

(388,621

)

(154,582

)

PROVISIONS FOR LIABILITIES 11 (106,577 ) (110,118 )
NET LIABILITIES (984,259 ) (1,007,145 )

CAPITAL AND RESERVES
Called up share capital 12 2 2
Retained earnings 13 (984,261 ) (1,007,147 )
SHAREHOLDERS' FUNDS (984,259 ) (1,007,145 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 29 June 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 29 June 2024 in accordance with Section 476 of the Companies Act 2006.

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 have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 January 2025 and were signed on its behalf by:





Mr J R Webster - Director


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 private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 01364611

Registered office: Lower House Farm
Shirdley Hill
Halsall
Near Ormskirk
Lancashire
L39 8SF

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Freehold property - 5% on cost and 2.6% on cost
Tractors and trailers - 17.5% on cost
Plant and machinery - 17.5% on cost, 15% on cost and 10% on cost
Motor vehicles - 17.5% on cost

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 4 (2023 - 4 ) .

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 285,506 600,277 1,141,738 46,452 2,073,973
Additions - - 55,332 12,200 67,532
Disposals - - (1,250 ) - (1,250 )
At 29 June 2024 285,506 600,277 1,195,820 58,652 2,140,255
DEPRECIATION
At 1 July 2023 44,331 347,199 822,875 38,824 1,253,229
Charge for period 1,570 44,288 37,529 3,471 86,858
Eliminated on disposal - - (369 ) - (369 )
At 29 June 2024 45,901 391,487 860,035 42,295 1,339,718
NET BOOK VALUE
At 29 June 2024 239,605 208,790 335,785 16,357 800,537
At 30 June 2023 241,175 253,078 318,863 7,628 820,744

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 288,500 84,000 372,500
DEPRECIATION
At 1 July 2023 50,488 8,400 58,888
Charge for period 41,652 7,560 49,212
At 29 June 2024 92,140 15,960 108,100
NET BOOK VALUE
At 29 June 2024 196,360 68,040 264,400
At 30 June 2023 238,012 75,600 313,612

5. STOCKS
2024 2023
£    £   
Stocks 270,979 438,971

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 58,095 59,662
Other debtors 8,353 25,636
Prepayments 10,642 10,642
77,090 95,940

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 9) 19,981 10,000
Hire purchase contracts 57,833 51,667
Trade creditors 292,633 341,355
Directors' current accounts 1,355,483 1,712,915
Accrued expenses 4,000 3,750
1,729,930 2,119,687

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans (see note 9) 147,487 21,582
Hire purchase contracts 241,134 133,000
388,621 154,582

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 19,981 10,000

Amounts falling due between one and two years:
Bank loans - 1-2 years - 10,000

Amounts falling due between two and five years:
Bank loans - 2-5 years 147,487 11,582

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 110,118
Credit to Income Statement during period (3,541 )
Balance at 29 June 2024 106,577

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary £1 2 2

13. RESERVES
Retained
earnings
£   

At 1 July 2023 (1,007,147 )
Profit for the period 22,886
At 29 June 2024 (984,261 )

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.