Company registration number 04128163 (England and Wales)
WOODWARDS POTATO MERCHANTS (WIDNES)
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
WOODWARDS POTATO MERCHANTS (WIDNES)
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
WOODWARDS POTATO MERCHANTS (WIDNES)
BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Intangible assets
3
-
0
-
0
Tangible assets
4
193,242
192,050
Current assets
Stocks
58,496
84,701
Debtors
5
149,054
195,714
Cash at bank and in hand
15,240
6,663
222,790
287,078
Creditors: amounts falling due within one year
6
(212,366)
(335,216)
Net current assets/(liabilities)
10,424
(48,138)
Total assets less current liabilities
203,666
143,912
Creditors: amounts falling due after more than one year
7
(55,557)
(68,851)
Provisions for liabilities
(47,990)
(47,692)
Net assets
100,119
27,369
Capital and reserves
Called up share capital
5
5
Profit and loss reserves
100,114
27,364
Total equity
100,119
27,369
WOODWARDS POTATO MERCHANTS (WIDNES)
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2025
31 March 2025
- 2 -

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

T he 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 director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 3 February 2026 and are signed on its behalf by:
Mr R J Woodward
Director
Company registration number 04128163 (England and Wales)
WOODWARDS POTATO MERCHANTS (WIDNES)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 3 -
1
Accounting policies
Company information

Woodwards Potato Merchants (Widnes) is a private company limited by shares incorporated in England and Wales. The registered office is Barnside, Mill Green Lane, Widnes, England, WA8 3UP.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, The principal accounting policies adopted are set out below.

1.2
Turnover

Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and equipment
20% reducing balance
Motor vehicles
25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

1.5
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

WOODWARDS POTATO MERCHANTS (WIDNES)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 4 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

1.6
Defined contribution pension obligation

The company operates a defined contribution pension scheme. The pension costs charges in the financial statements represents the contributions payable by the company during the year.

1.7
Leases
Assets held under finance leases and hire purchase contracts 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.
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
9
9
3
Intangible fixed assets
Goodwill
£
Cost
At 1 April 2024 and 31 March 2025
59,000
Amortisation and impairment
At 1 April 2024 and 31 March 2025
59,000
Carrying amount
At 31 March 2025
-
0
At 31 March 2024
-
0
WOODWARDS POTATO MERCHANTS (WIDNES)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 5 -
4
Tangible fixed assets
Fixtures and equipment
Motor vehicles
Total
£
£
£
Cost
At 1 April 2024
40,299
449,135
489,434
Additions
-
0
69,923
69,923
Disposals
-
0
(24,844)
(24,844)
At 31 March 2025
40,299
494,214
534,513
Depreciation and impairment
At 1 April 2024
22,939
274,445
297,384
Depreciation charged in the year
3,474
59,361
62,835
Eliminated in respect of disposals
-
0
(18,948)
(18,948)
At 31 March 2025
26,413
314,858
341,271
Carrying amount
At 31 March 2025
13,886
179,356
193,242
At 31 March 2024
17,360
174,690
192,050
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
133,310
185,798
Other debtors
15,744
9,916
149,054
195,714
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
10,285
10,285
Trade creditors
124,253
243,929
Other creditors
77,828
81,002
212,366
335,216

Creditors include hire purchase contracts which are secured of £38,593 (2024 - £29,171)

WOODWARDS POTATO MERCHANTS (WIDNES)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 6 -
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
8,960
18,964
Other creditors
46,597
49,887
55,557
68,851

Creditors include hire purchase contracts which are secured of £46,597 (2024 - 49,887)

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