D. H. Willis & Sons Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 04567876 (England and Wales)

D. H. Willis & Sons Limited

Unaudited Financial Statements for the Year Ended 31 January 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

T D Willis

M W Willis

REGISTERED OFFICE:

Carrbeck Farm

Gilling West

Richmond

North Yorkshire

DL10 5LN

REGISTERED NUMBER:

04567876 (England and Wales)

ACCOUNTANTS:

Addison & Co

Ebor House

91 Galgate

Barnard Castle

Co Durham

DL12 8ES

FIXED ASSETS

Tangible assets

4

1,224,161

1,184,892

CURRENT ASSETS

Stocks

60,450

43,447

Debtors

5

56,668

91,551

Cash at bank

501,975

574,777

619,093

709,775

CREDITORS

Amounts falling due within one year

6

170,098

159,801

NET CURRENT ASSETS

448,995

549,974

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,673,156

1,734,866

CREDITORS

Amounts falling due after more than one
year

7

(315,630

)

(396,147

)

PROVISIONS FOR LIABILITIES

(119,985

)

(110,168

)

NET ASSETS

1,237,541

1,228,551

CAPITAL AND RESERVES

Called up share capital

50,010

Retained earnings

1,187,531

1,178,541

SHAREHOLDERS' FUNDS

1,237,541

1,228,551

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

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

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 13 October 2025 and were signed on its behalf by:

T D Willis - Director

1.	STATUTORY INFORMATION

D. H. Willis & Sons 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.

Tenant Improvements

-

10% on cost

Sandykes Improvements

-

10% on cost

Gallowfields Improvements

-

10% on cost

Vehicles & tractors

-

20% on reducing balance

Machinery & Implements

-

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.

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.

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.

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 5 (2024 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Tenant

Sandykes

property

Improvements

£

COST

At 1 February 2024

744,220

26,422

9,130

Additions

-

Disposals

-

At 31 January 2025

744,220

26,422

9,130

DEPRECIATION

At 1 February 2024

-

26,422

9,130

Charge for year

-

Eliminated on disposal

-

At 31 January 2025

-

26,422

9,130

NET BOOK VALUE

At 31 January 2025

744,220

-

At 31 January 2024

744,220

-

Gallowfields

Vehicles

Machinery

Improvements

& tractors

& Implements

Totals

£

COST

At 1 February 2024

6,575

862,653

439,720

2,088,720

Additions

-

72,995

77,375

150,370

Disposals

-

(47,850

)

(66,472

)

(114,322

)

At 31 January 2025

6,575

887,798

450,623

2,124,768

DEPRECIATION

At 1 February 2024

6,575

627,062

234,639

903,828

Charge for year

-

57,988

26,219

84,207

Eliminated on disposal

-

(41,428

)

(46,000

)

(87,428

)

At 31 January 2025

6,575

643,622

214,858

900,607

NET BOOK VALUE

At 31 January 2025

-

244,176

235,765

1,224,161

At 31 January 2024

-

235,591

205,081

1,184,892

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

Trade debtors

56,668

79,139

Prepayments

-

12,412

56,668

91,551

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

Bank loans and overdrafts

39,216

36,566

Trade creditors

52,661

21,203

Corporation tax

12,395

45,385

Social security and other taxes

380

269

VAT

155

4,844

Other creditors

40,000

Directors' current accounts

10,923

7,325

Deferred income

10,512

-

Accrued expenses

3,856

4,209

170,098

159,801

On 25 January 2019 there was a workplace incident involving the death of an employee of the company. The company and the directors, Mr Tim Willis and Mr Mark Willis, have faced criminal charges relating to this incident. Included in other creditors is the court fine of £255,000 (2024 £295,000), which will be paid in instalments of £40,000 per year, commencing September 2023.

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR

31.1.25

31.1.24

£

Bank loans - 2-5 years

100,630

141,147

Other creditors

215,000

255,000

315,630

396,147

8.	LEASING AGREEMENTS

The company occupies land under various Farm Business Tenancies, commencing on 14 December 2007. The company must give 12 months notice to end the agreements and is committed to paying £15,270 in the year to the 31 January 2026.

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Rent was paid to the directors relating to property owned individually by the directors, as follows:

Mr T D Willis £7,635 (2024: £7,635)

Mr M W Willis £7,635 (2024: £7,635)