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REGISTERED NUMBER: 00795553 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31 March 2025

for

William A. Wardman Limited

William A. Wardman Limited (Registered number: 00795553)






Contents of the Financial Statements
for the Year Ended 31 March 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


William A. Wardman Limited

Company Information
for the Year Ended 31 March 2025







DIRECTORS: W N Wardman
L M Wardman





REGISTERED OFFICE: Thrushwood Farm
Yearby
Redcar
Cleveland
TS11 8HD





REGISTERED NUMBER: 00795553 (England and Wales)





ACCOUNTANTS: Wasley Chapman LLP
Chartered Accountants
5 Bobbies Bank
Whitby
North Yorkshire
YO21 1EF

William A. Wardman Limited (Registered number: 00795553)

Balance Sheet
31 March 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,664,068 2,693,236

CURRENT ASSETS
Stocks 5 2,069,603 1,556,378
Debtors 6 374,289 372,762
Investments 7 892 892
2,444,784 1,930,032
CREDITORS
Amounts falling due within one year 8 1,051,595 959,059
NET CURRENT ASSETS 1,393,189 970,973
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,057,257

3,664,209

CREDITORS
Amounts falling due after more than one
year

9

1,095,343

1,000,075
NET ASSETS 2,961,914 2,664,134

CAPITAL AND RESERVES
Called up share capital 2,000 2,000
Share premium 2,999,000 2,999,000
Retained earnings (39,086 ) (336,866 )
SHAREHOLDERS' FUNDS 2,961,914 2,664,134

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

William A. Wardman Limited (Registered number: 00795553)

Balance Sheet - continued
31 March 2025


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 8 July 2025 and were signed on its behalf by:





W N Wardman - Director


William A. Wardman Limited (Registered number: 00795553)

Notes to the Financial Statements
for the Year Ended 31 March 2025

1. STATUTORY INFORMATION

William A. Wardman 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.

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.

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.
Freehold Land - not provided
Leasehold Property - 4% on cost
Improvements to property - 4% on cost
Plant & Machinery - 10% on reducing balance
Tractors & Combines - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Entitlements - not provided

Taxation
Taxation for the year 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2024 - 10 ) .

William A. Wardman Limited (Registered number: 00795553)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

4. TANGIBLE FIXED ASSETS
Improvements
Freehold Leasehold to Plant &
Land Property property Machinery
£    £    £    £   
COST
At 1 April 2024 256,467 467,690 1,338,472 1,572,613
Additions - - 32,327 4,250
Disposals - - - -
At 31 March 2025 256,467 467,690 1,370,799 1,576,863
DEPRECIATION
At 1 April 2024 - 184,982 958,463 1,071,046
Charge for year 40,751 18,707 - 44,810
Eliminated on disposal - - - -
At 31 March 2025 40,751 203,689 958,463 1,115,856
NET BOOK VALUE
At 31 March 2025 215,716 264,001 412,336 461,007
At 31 March 2024 256,467 282,708 380,009 501,567

Tractors Motor
& Combines vehicles Entitlements Totals
£    £    £    £   
COST
At 1 April 2024 1,374,037 91,066 34,978 5,135,323
Additions 213,000 2,000 - 251,577
Disposals (183,865 ) - - (183,865 )
At 31 March 2025 1,403,172 93,066 34,978 5,203,035
DEPRECIATION
At 1 April 2024 178,928 48,668 - 2,442,087
Charge for year 36,768 10,599 - 151,635
Eliminated on disposal (54,755 ) - - (54,755 )
At 31 March 2025 160,941 59,267 - 2,538,967
NET BOOK VALUE
At 31 March 2025 1,242,231 33,799 34,978 2,664,068
At 31 March 2024 1,195,109 42,398 34,978 2,693,236

5. STOCKS

Stocks are measured at the lower of cost and estimated selling price less costs to complete the sale. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

William A. Wardman Limited (Registered number: 00795553)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 359,068 354,646
Other debtors 15,221 18,116
374,289 372,762

7. CURRENT ASSET INVESTMENTS
2025 2024
£    £   
Investment - BATA 892 892

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts 617,049 551,776
Hire purchase contracts 198,285 211,017
Trade creditors 234,017 169,500
Other creditors 2,244 26,766
1,051,595 959,059

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2025 2024
£    £   
Bank loans 714,490 540,235
Hire purchase contracts 380,853 459,840
1,095,343 1,000,075

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year the Directors' agreed to convert £3,000,000 of loan into further equity shares in the business, as reflected in the Share Premium account. At the balance sheet date the director was owed £107,960 (2022: £3,227,850).

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is W N Wardman.