Company Registration No. 07579581 (England and Wales)
W FIELD AGRICULTURAL ENGINEERING & SERVICES LTD
Unaudited accounts
for the year ended 31 December 2024
W FIELD AGRICULTURAL ENGINEERING & SERVICES LTD
Unaudited accounts
Contents
W FIELD AGRICULTURAL ENGINEERING & SERVICES LTD
Company Information
for the year ended 31 December 2024
Company Number
07579581 (England and Wales)
Registered Office
203 West Street
Fareham
PO16 0EN
England
Accountants
Taxsense
203 West Street
Fareham
Hants
PO16 0EN
W FIELD AGRICULTURAL ENGINEERING & SERVICES LTD
Accountants' report
Accountants' report to the director of W FIELD AGRICULTURAL ENGINEERING & SERVICES LTD on the preparation of the unaudited statutory accounts for the year ended 31 December 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
W FIELD AGRICULTURAL ENGINEERING & SERVICES LTD for the year ended
31 December 2024 as set out on pages
5 -
8 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of W FIELD AGRICULTURAL ENGINEERING & SERVICES LTD, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of W FIELD AGRICULTURAL ENGINEERING & SERVICES LTD and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than W FIELD AGRICULTURAL ENGINEERING & SERVICES LTD and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that W FIELD AGRICULTURAL ENGINEERING & SERVICES LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of W FIELD AGRICULTURAL ENGINEERING & SERVICES LTD. You consider that W FIELD AGRICULTURAL ENGINEERING & SERVICES LTD is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of W FIELD AGRICULTURAL ENGINEERING & SERVICES LTD. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Taxsense
203 West Street
Fareham
Hants
PO16 0EN
22 April 2025
W FIELD AGRICULTURAL ENGINEERING & SERVICES LTD
Statement of financial position
as at 31 December 2024
Intangible assets
21,291
24,291
Tangible assets
39,406
32,600
Inventories
96,300
251,150
Cash at bank and in hand
4,905
5,062
Creditors: amounts falling due within one year
(178,120)
(151,191)
Net current (liabilities)/assets
(21,640)
138,635
Total assets less current liabilities
39,057
195,526
Creditors: amounts falling due after more than one year
(39,055)
(195,524)
Called up share capital
2
2
For the year ending 31 December 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 22 April 2025 and were signed on its behalf by
W D Field
Director
Company Registration No. 07579581
W FIELD AGRICULTURAL ENGINEERING & SERVICES LTD
Notes to the Accounts
for the year ended 31 December 2024
W FIELD AGRICULTURAL ENGINEERING & SERVICES LTD is a private company, limited by shares, registered in England and Wales, registration number 07579581. The registered office is 203 West Street, Fareham, PO16 0EN, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% reducing balance method
Motor vehicles
25% reducing balance method
Fixtures & fittings
20% reducing balance method
Computer equipment
20% reducing balance method
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other
At 31 December 2024
30,000
At 31 December 2024
21,291
At 31 December 2023
24,291
W FIELD AGRICULTURAL ENGINEERING & SERVICES LTD
Notes to the Accounts
for the year ended 31 December 2024
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 January 2024
41,797
90,220
3,839
3,261
139,117
Additions
7,200
-
7,950
457
15,607
At 31 December 2024
48,997
90,220
11,789
3,718
154,724
At 1 January 2024
38,739
64,185
2,059
1,534
106,517
Charge for the year
976
6,509
938
378
8,801
At 31 December 2024
39,715
70,694
2,997
1,912
115,318
At 31 December 2024
9,282
19,526
8,792
1,806
39,406
At 31 December 2023
3,058
26,035
1,780
1,727
32,600
Amounts falling due within one year
Trade debtors
17,564
14,517
Accrued income and prepayments
510
239
Other debtors
37,201
18,858
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
49,624
13,641
Obligations under finance leases and hire purchase contracts
11,327
20,993
Trade creditors
44,167
61,946
Taxes and social security
4,593
539
Other creditors
57,144
51,534
8
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
2,952
146,721
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
W FIELD AGRICULTURAL ENGINEERING & SERVICES LTD
Notes to the Accounts
for the year ended 31 December 2024
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Direcctor Loan Account
14,419
(32,072)
(45,465)
27,812
14,419
(32,072)
(45,465)
27,812
11
Average number of employees
During the year the average number of employees was 4 (2023: 4).