W.C.Green & Son Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 00685435

W.C.GREEN & SON LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

31 March 2025

W.C.GREEN & SON LIMITED

STATEMENT OF FINANCIAL POSITION

31 March 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	5		2,051,806	1,559,014

Current assets

Stocks		1,008,155	1,148,487
Debtors	6	540,232	602,613
Cash at bank and in hand		592,784	620,763
		------------	------------
		2,141,171	2,371,863

Creditors: amounts falling due within one year	7	569,198		655,597
		------------		------------
Net current assets			1,571,973	1,716,266
			------------	------------
Total assets less current liabilities			3,623,779	3,275,280

Creditors: amounts falling due after more than one year	8		91,256	54,429

Provisions

Taxation including deferred tax	467,921	347,226
	------------	------------
Net assets	3,064,602	2,873,625
	------------	------------

Capital and reserves

Called up share capital	9	241,800	241,800
Share premium account		500	500
Profit and loss account		2,822,302	2,631,325
		------------	------------
Shareholders funds		3,064,602	2,873,625
		------------	------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

W.C.GREEN & SON LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 22 December 2025 , and are signed on behalf of the board by:

M G Green	P M Green
Director	Director

Company registration number: 00685435

W.C.GREEN & SON LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Akeman Street Farm, Combe, Oxfordshire.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Significant judgements and estimates

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Revenue recognition

The turnover shown in the profit and loss account represents amounts receivable for produce sales and work undertaken during the year, exclusive of Value Added Tax.

Taxation

Tax on income represents the sum of tax currently payable and deferred tax. The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the note to the accounts because of items of that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using the tax rates that have been enacted or subsequently enacted by the end of the accounting period. Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when timing differences reverse, based on current tax rates and laws. Current and deferred tax for the year is recognised in the statement of income and retained earnings.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Agricultural buildings	-	10% straight line
Implements and equipment	-	15% reducing balance
Motor vehicles and tractors	-	20% reducing balance

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition. When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs. Stocks are valued at the lower of cost and net realisable value.

Trade and other debtors

Trade and other debtors are stated at cost less impairment losses for bad and doubtful debts.

Finance leases and hire purchase contracts

Assets held under finance leases are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability. Operating leases Operating lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

Related parties

For the purposes of these financial statements, a party is considered to be related to the Company if:

(i) the party has the ability, directly or indirectly, through one or more intermediaries, to control the Company or exercise significant influence over the Company in making financial and operating policy decisions, or has joint control over the Company;

(ii) the Company and the party are subject to common control;

(iii) the party is an associate of the Company or a joint venture in which the Company is a venturer;

(iv) the party is a member of key management personnel of the Company or the Company's parent, or a close family member of such an individual, or is an entity under the control, joint control or significant influence of such individuals;

(v) the party is a close family member of a party referred to in (i) or is an entity under the control,joint control or significant influence of such individuals; or close family members of an individual are those family members who it may be expected to influence, or be influenced by, that individual in their dealings with the entity.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 9 (2024: 9 ).

5. Tangible assets

	Agricultural buildings	Implements and equipment	Motor vehicles and tractors	Agricultural land	Total
	£	£	£	£	£
Cost
At 1 April 2024	207,400	2,130,603	1,717,779	311,420	4,367,202
Additions	–	397,390	369,635	–	767,025
Disposals	–	( 38,300)	–	–	( 38,300)
	---------	------------	------------	---------	------------
At 31 March 2025	207,400	2,489,693	2,087,414	311,420	5,095,927
	---------	------------	------------	---------	------------
Depreciation
At 1 April 2024	207,372	1,578,122	1,022,694	–	2,808,188
Charge for the year	–	125,701	140,021	–	265,722
Disposals	–	( 29,789)	–	–	( 29,789)
	---------	------------	------------	---------	------------
At 31 March 2025	207,372	1,674,034	1,162,715	–	3,044,121
	---------	------------	------------	---------	------------
Carrying amount
At 31 March 2025	28	815,659	924,699	311,420	2,051,806
	---------	------------	------------	---------	------------
At 31 March 2024	28	552,481	695,085	311,420	1,559,014
	---------	------------	------------	---------	------------

Finance leases and hire purchase contracts

Included within the carrying value of tangible assets are the following amounts relating to assets held under finance leases or hire purchase agreements:

	Motor vehicles and tractors
	£
At 31 March 2025	547,199
	---------
At 31 March 2024	513,030
	---------

6. Debtors

	2025	2024
	£	£
Trade debtors	330,360	499,881
Other debtors	209,872	102,732
	---------	---------
	540,232	602,613
	---------	---------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	300,307	297,207
Corporation tax	21,830	118,616
Social security and other taxes	3,182	16,104
Other creditors	243,879	223,670
	---------	---------
	569,198	655,597
	---------	---------

8. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Other creditors	91,256	54,429
	--------	--------

9. Called up share capital

Authorised share capital

	2025		2024
	No.	£	No.	£
Ordinary shares of £ 1 each	300,000	300,000	300,000	300,000
	---------	---------	---------	---------

Issued, called up and fully paid

	2025		2024
	No.	£	No.	£
Ordinary shares of £ 1 each	241,800	241,800	241,800	241,800
	---------	---------	---------	---------

10. Capital commitments

Capital expenditure contracted for but not provided for in the financial statements is as follows:

	2025	2024
	£	£
Tangible assets	–	39,750
	----	--------

11. Operating leases

The total future minimum lease payments under non-cancellable operating leases are as follows:

	2025	2024
	£	£
Not later than 1 year	311,024	311,024
Later than 1 year and not later than 5 years	834,040	834,040
Later than 5 years	461,400	645,960
	------------	------------
	1,606,464	1,791,024
	------------	------------

12. Related party transactions

The company farms certain land subject to an Agricultural Holdings Act Tenancy. The tenancy is held in the names of M G Green and P M Green (directors). The company is not entitled to the tenancy nor to the rights of succession. The company farms certain land subject to Farm Business Tenancy's owned by the directors for which the rent payable was £17,914 (2024 - £17,914). The directors who received rent were M G Green and two SIPP's for the benefit of M G Green and P M Green respectively.