2024-01-012024-12-312024-12-31false01246411WEEDFREE 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WEEDFREE LIMITED

Registered Number
01246411
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2024

WEEDFREE LIMITED
Company Information
for the year from 1 January 2024 to 31 December 2024

Directors

MCARDLE, David John
MIDDLETON, Andrew John
STOW, Richard Adam

Company Secretary

STOW, Richard Adam

Registered Address

Park Lane Depot Park Lane
Balne
Goole
DN14 0EP

Registered Number

01246411 (England and Wales)
WEEDFREE LIMITED
Statement of Financial Position
31 December 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets3294,660346,061
294,660346,061
Current assets
Stocks57,34974,333
Debtors42,461,7732,808,310
Cash at bank and on hand194,19712,221
2,713,3192,894,864
Creditors amounts falling due within one year5(2,031,596)(2,008,588)
Net current assets (liabilities)681,723886,276
Total assets less current liabilities976,3831,232,337
Creditors amounts falling due after one year6(99,869)(199,915)
Provisions for liabilities8(60,800)(77,000)
Net assets815,714955,422
Capital and reserves
Called up share capital400400
Profit and loss account815,314955,022
Shareholders' funds815,714955,422
The financial statements were approved and authorised for issue by the Board of Directors on 9 April 2025, and are signed on its behalf by:
MCARDLE, David John
Director
STOW, Richard Adam
Director

Registered Company No. 01246411
WEEDFREE LIMITED
Notes to the Financial Statements
for the year ended 31 December 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Basis of preparation
The financial statements have been prepared under the historical cost convention on a going concern basis unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and/or the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Operating leases
Where, substantially, all the risks and rewards of ownership of the asset do not transfer from the lessor to the company, the lease is treated as an operating lease. Rentals payable under operating leases are charged to the Income Statement on a straight-line basis over the period of the lease.
Defined contribution pension plan
The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further obligation. Contributions to defined contribution plans are expensed in the period to which they relate. Amounts not paid are shown in other creditors in the Statement of Financial Position. The assets of the plan are held separately from the company in independently administered funds.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)Straight line (years)
Land and buildings-5
Plant and machinery103
Fixtures and fittings103
Vehicles25-
Finance leases and hire purchase contracts
Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the Statement of Financial Position. They are depreciated over the shorter of their useful lives or the term of the lease.
Stocks and work in progress
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete). At each date of Statement of Financial Position, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete the sale. The impairment loss is recognised immediately in the Income Statement.
Trade and other debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Trade and other creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Financial instruments
The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
2.Average number of employees

20242023
Average number of employees during the year7171
3.Tangible fixed assets

Land & buildings

Plant & machinery

Vehicles

Fixtures & fittings

Total

£££££
Cost or valuation
At 01 January 24110,749435,928387,167118,5881,052,432
Additions7,8983,21567,402-78,515
Disposals-(5,095)(74,550)-(79,645)
At 31 December 24118,647434,048380,019118,5881,051,302
Depreciation and impairment
At 01 January 2471,791317,956203,901112,723706,371
Charge for year22,28126,02955,8553,281107,446
On disposals-(4,089)(53,086)-(57,175)
At 31 December 2494,072339,896206,670116,004756,642
Net book value
At 31 December 2424,57594,152173,3492,584294,660
At 31 December 2338,958117,972183,2665,865346,061
4.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables1,749,2981,904,844
Other debtors212,381347,355
Prepayments and accrued income500,094556,111
Total2,461,7732,808,310
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables253,376222,281
Bank borrowings and overdrafts50,00053,542
Taxation and social security677,634660,273
Finance lease and HP contracts38,17653,117
Other creditors928,147930,003
Accrued liabilities and deferred income84,26389,372
Total2,031,5962,008,588
Bank loans are secured by a debenture. Other creditors include an invoice discounting creditor which is secured by the trade debtors to which it relates. The hire purchase creditors are secured on the fixed assets to which they relate.
6.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts62,500112,500
Other creditors37,36987,415
Total99,869199,915
Bank loans are secured by a debenture over the company's assets and undertaking. Other creditors are finance lease and HP liabilities.
7.Obligations under finance leases

2024

2023

££
Finance lease and HP contracts37,36987,415
The finance leases and hire purchase contracts are secured on the fixed assets to which they relate.
8.Provisions for liabilities
Provisions are made where an event has taken place that gives the company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate of the settlement can be made. The provision for deferred tax relates to accelerated capital allowances.

2024

2023

££
Net deferred tax liability (asset)60,80077,000
Total60,80077,000
9.Pension commitments
Two of the company’s employees are members of the RPMI Railways Pension Fund. The scheme is a multi employer defined benefit scheme and the company is unable to identify its share of the underlying assets and liabilities. Advantage has been taken of the exemptions in FRS 102 and it has accounted for its contributions of 18.6% of the employees' section pay per annum to the scheme as if it was a defined contribution scheme. An actuarial valuation resulted in a deficit on the scheme of £85,324. The company has made payments totalling £72,995 (2023: £72,995) towards the deficit and made a partial provision of £8,270 (2023: £8,270). An employee in the scheme has agreed to contribute £2,750 (2023: £2,750) towards the deficit.
10.Operating lease commitments
At 31 December 2024 the company had total commitments under non-cancellable operating leases over the remaining life of those leases of £86,844 (2023: £112,942).
11.Related party transactions
The company has taken advantage of small group exemptions not to disclose arms length transactions between parent and subsidiary companies and companies under common control. Included within other debtors, due within one year, is an amount of £209,555 (2023: £340,555) due from one (2023: two) companies under common control. The loans are unsecured, interest-free and repayable on demand. Included within other creditors, due within one year, is an amount of £4,500 (2023: £Nil) due to a company under common control. The loan is unsecured, interest-free and repayable on demand.
12.Controlling party
This company's parent undertaking and ultimate holding company is Weedfree Holdings Limited, a company registered in England and Wales, company number 12329324. Its registered office is the same as that for Weedfree Limited.
13.Parent-subsidiary relationships
As part of a small group, this company is exempt from producing group accounts. These accounts are for this company alone.