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REGISTERED NUMBER: 00999678 (England and Wales)





















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

W S FURNIVAL (BROOKLAND) LIMITED

W S FURNIVAL (BROOKLAND) LIMITED (REGISTERED NUMBER: 00999678)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


W S FURNIVAL (BROOKLAND) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: C S Furnival Esq





SECRETARY: Mrs P A Furnival





REGISTERED OFFICE: Invicta Business Centre
Monument Way
Orbital Park
Ashford
Kent
TN24 0HB





BUSINESS ADDRESS: Dean Court
Brookland
Romney Marsh
Kent
TN29 9TD





REGISTERED NUMBER: 00999678 (England and Wales)





ACCOUNTANTS: McCabe Ford Williams
Chartered Accountants
Invicta Business Centre
Monument Way
Orbital Park
Ashford
Kent
TN24 0HB

W S FURNIVAL (BROOKLAND) LIMITED (REGISTERED NUMBER: 00999678)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 1,454 2,909
Tangible assets 6 5,857,957 5,462,830
5,859,411 5,465,739

CURRENT ASSETS
Stocks 2,237,626 2,593,978
Debtors 7 988,741 764,848
Investments 8 101 2,185
Cash at bank 341,787 36,091
3,568,255 3,397,102
CREDITORS
Amounts falling due within one year 9 1,162,940 936,069
NET CURRENT ASSETS 2,405,315 2,461,033
TOTAL ASSETS LESS CURRENT
LIABILITIES

8,264,726

7,926,772

CREDITORS
Amounts falling due after more than one
year

10

(2,509,247

)

(2,566,908

)

PROVISIONS FOR LIABILITIES (493,551 ) (468,355 )
NET ASSETS 5,261,928 4,891,509

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Retained earnings 5,251,928 4,881,509
5,261,928 4,891,509

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

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 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.

W S FURNIVAL (BROOKLAND) LIMITED (REGISTERED NUMBER: 00999678)

BALANCE SHEET - continued
31 MARCH 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 31 January 2025 and were signed by:





C S Furnival Esq - Director


W S FURNIVAL (BROOKLAND) LIMITED (REGISTERED NUMBER: 00999678)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

W S Furnival (Brookland) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Quota are being amortised evenly over their estimated useful life of nil years.

Single farm payment entitlements are being amortised evenly over their estimated useful life of three years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 3 years on cost less residual value and over the term of the lease
Plant and machinery etc - 25% on reducing balance, 15% on reducing balance and 10% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Produce in store is valued at cost of production. Consumable stores are valued at cost. Growing crops and cultivations are calculated as the value of work done in land preparation planting fertilising and spraying plus the variable cost of input. Livestock is valued at deemed cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

W S FURNIVAL (BROOKLAND) LIMITED (REGISTERED NUMBER: 00999678)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

3. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2023 - 13 ) .

5. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 April 2023
and 31 March 2024 64,491
AMORTISATION
At 1 April 2023 61,582
Charge for year 1,455
At 31 March 2024 63,037
NET BOOK VALUE
At 31 March 2024 1,454
At 31 March 2023 2,909

6. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2023 3,803,935 4,652,001 8,455,936
Additions - 1,035,453 1,035,453
Disposals - (435,680 ) (435,680 )
At 31 March 2024 3,803,935 5,251,774 9,055,709
DEPRECIATION
At 1 April 2023 132,174 2,860,932 2,993,106
Charge for year 21,177 370,756 391,933
Eliminated on disposal - (187,287 ) (187,287 )
At 31 March 2024 153,351 3,044,401 3,197,752
NET BOOK VALUE
At 31 March 2024 3,650,584 2,207,373 5,857,957
At 31 March 2023 3,671,761 1,791,069 5,462,830

Included in Plant and machinery etc above are assets which are held under hire purchase contracts, the cost of these assets is £1,390,774 and the depreciation charge for the year was £143,387.

W S FURNIVAL (BROOKLAND) LIMITED (REGISTERED NUMBER: 00999678)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 609,137 366,940
Other debtors 379,604 397,908
988,741 764,848

8. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
Trade investments (unlisted) 101 2,185

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 156,155 156,155
Hire purchase contracts 241,321 156,287
Trade creditors 517,069 303,714
Taxation and social security 151,797 191,275
Other creditors 96,598 128,638
1,162,940 936,069

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 2,293,958 2,359,664
Hire purchase contracts 215,289 207,244
2,509,247 2,566,908

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 1,625,331 1,673,242

11. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 2,450,113 2,515,819
Hire purchase contracts 456,610 363,531
2,906,723 2,879,350

The bank borrowing is secured by way of legal mortgages over freehold property and a personal guarantee given by the director.

The liabilities in respect of hire purchase contracts and finance leases are secured against the particular assets concerned.

W S FURNIVAL (BROOKLAND) LIMITED (REGISTERED NUMBER: 00999678)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

12. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
C S Furnival Esq
Balance outstanding at start of year 30,902 48,003
Amounts advanced 18,199 13,178
Amounts repaid (88 ) (30,279 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 49,013 30,902

The amount noted above is in respect of cash withdrawn in excess of expenses borne on behalf of the company. This amount is unsecured, interest free and repayable on demand.