William Procter Limited - Filleted accounts

Registered number

01611968

William Procter Limited

Filleted Accounts

31 March 2025

William Procter Limited
Registered number:		01611968
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		3,536,925			3,098,448
Investments	4		248,600			248,600
			3,785,525			3,347,048

Current assets
Stocks		436,753			327,035
Debtors	5	89,998			35,302
Cash at bank and in hand		2,145,780			2,394,423
		2,672,531			2,756,760

Creditors: amounts falling due within one year	6	(343,928)			(561,002)

Net current assets			2,328,603			2,195,758

Total assets less current liabilities			6,114,128			5,542,806


Provisions for liabilities			(186,135)			(109,579)


Net assets			5,927,993			5,433,227

Capital and reserves
Called up share capital			250,500			250,500
Fair value reserve	7		28,601			28,601
Profit and loss account			5,648,892			5,154,126

Shareholders' funds			5,927,993			5,433,227

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.



W R Procter
Director
Approved by the board on 10 July 2025

William Procter Limited
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	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 from 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.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Freehold buildings			Comprises farmland and is not depreciated
	Plant and machinery			15% on cost
	Fixtures, fittings, tools and equipment			25% on cost

	Investments
	Fixed asset investments comprising shares falling within Sections 11 and 12 of FRS 102 are valued at an estimate of the fair value of the investment based on the evidence that is available at the time of the valuation.

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. 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.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. 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.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					7		7


3	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 April 2024	2,504,460		2,831,053		45,550		5,381,063
	Additions	87,637		580,661		-		668,298
	Disposals	-		(88,300)		-		(88,300)
	At 31 March 2025	2,592,097		3,323,414		45,550		5,961,061

	Depreciation
	At 1 April 2024	-		2,252,853		29,762		2,282,615
	Charge for the year	-		224,559		5,262		229,821
	On disposals	-		(88,300)		-		(88,300)
	At 31 March 2025	-		2,389,112		35,024		2,424,136

	Net book value
	At 31 March 2025	2,592,097		934,302		10,526		3,536,925
	At 31 March 2024	2,504,460		578,200		15,788		3,098,448


4	Investments

Other
investments
£
	Cost
	At 1 April 2024							248,600

	At 31 March 2025							248,600

	Cost or valuation at 31 March 2023 is represented by:

	Valuation 2018							58,751
	Valuation 2017							159,679
	Valuation 2000							28,601
	Cost							1,569
								248,600

	Dengie Crops Limited 30,170 5p Convertible redeemable shares.

	Registered office: Hall Road, Asheldham, Southminster, Essex. CM0 7JF

	Nature of trade: Agricultural services.

5	Debtors					2025		2024
£							£

	Trade debtors					39,683		21,772
	Other debtors					50,315		13,530
						89,998		35,302


6	Creditors: amounts falling due within one year					2025		2024
£							£

	Trade creditors					173,484		189,529
	Taxation and social security costs					118,637		157,144
	S W Procter loan					94		12,094
	Directors' current accounts					26,976		49,511
	Other creditors					24,737		152,724
						343,928		561,002


7	Reserves					2025		2024
£							£

	At 1 April 2024					28,601		28,601

	At 31 March 2025					28,601		28,601


8	Related party transactions

	At 31 March 2025 the company owed S W Procter £94 (2023 £12,094). This loan is on an interest free basis. S W Procter is the son of W R and J H Procter


9	Controlling party

	The ultimate controlling party is W R Procter


10	Other information

	William Procter Limited is a private company limited by shares and incorporated in England. Its registered office is:
	Stows Farm
	Tillingham
	Southminster
	Essex
	CM0 7TW