Registration number: 00801005

W and P Caley Limited

Contents

Company Information	1
Statement of financial position	2
Notes to the Unaudited Financial Statements	3 to 9

W and P Caley Limited

Company Information

Directors

Mr DJ Caley Mr S Caley Mrs MJ Caley

Company secretary

Mrs MJ Caley

Registered office

Thorpland Lodge Runcton Holme King's Lynn Norfolk England PE33 0AD

Accountants

Hayhow & Co Chartered Certified Accountants & Business Advisers19 King Street King's Lynn Norfolk PE30 1HB

W and P Caley Limited

(Registration number: 00801005)
Statement of financial position as at 31 January 2026

	Note	2026 £	2025 £
Fixed assets
Tangible assets	5	613,194	629,541
Current assets
Stocks	6	100,178	69,970
Debtors	7	83,405	19,738
Cash at bank and in hand		25,961	266,907
		209,544	356,615
Creditors: Amounts falling due within one year	8	(72,094)	(95,510)
Net current assets		137,450	261,105
Total assets less current liabilities		750,644	890,646
Creditors: Amounts falling due after more than one year	8	(200,410)	(214,166)
Provisions for liabilities		(18,703)	(20,682)
Net assets		531,531	655,798
Capital and reserves
Called up share capital	9	100	100
Retained earnings		531,431	655,698
Shareholders' funds		531,531	655,798

For the financial year ending 31 January 2026 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 accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Statement of comprehensive income.

Approved and authorised by the Board on 28 May 2026 and signed on its behalf by:
 

......................................... Mr DJ Caley Director

W and P Caley Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

1	General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Thorpland Lodge
Runcton Holme
King's Lynn
Norfolk
PE33 0AD
England

These financial statements were authorised for issue by the Board on 28 May 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

W and P Caley Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Farm buildings	10% straight line
Plant and machinery	15% reducing balance
Motor vehicles	25% reducing balance

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Combined other intangible assets	10% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

W and P Caley Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the statement of comprehensive income over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2025 - 3).

W and P Caley Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

4	Intangible assets

	Other intangible assets  £	Total £
Cost or valuation
At 1 February 2025	14,544	14,544
At 31 January 2026	14,544	14,544
Amortisation
At 1 February 2025	14,544	14,544
At 31 January 2026	14,544	14,544
Carrying amount
At 31 January 2026	-	-

5	Tangible assets

	Land and buildings £	Furniture, fittings and equipment  £	Motor vehicles  £	Total £
Cost or valuation
At 1 February 2025	504,529	543,156	21,848	1,069,533
Additions	-	5,200	-	5,200
At 31 January 2026	504,529	548,356	21,848	1,074,733
Depreciation
At 1 February 2025	-	418,836	21,156	439,992
Charge for the year	-	21,374	173	21,547
At 31 January 2026	-	440,210	21,329	461,539
Carrying amount
At 31 January 2026	504,529	108,146	519	613,194
At 31 January 2025	504,529	124,320	692	629,541

Included within the net book value of land and buildings above is £504,529 (2025 - £504,529) in respect of freehold land and buildings.
 

W and P Caley Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

6

Stocks

	2026 £	2025 £
Finished goods and goods for resale	100,178	69,970

7

Debtors

Current	2026 £	2025 £
Trade debtors	52,338	16,198
Prepayments	1,828	1,356
Other debtors	29,239	2,184
	83,405	19,738

W and P Caley Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

8

Creditors

Creditors: amounts falling due within one year

	Note	2026 £	2025 £
Due within one year
Loans and borrowings		33,649	10,000
Trade creditors		17,809	3,087
Amounts due to related parties	10	164	729
Accruals		20,472	18,457
Tax liability		-	63,237
		72,094	95,510
Due after one year
Loans and borrowings		200,410	214,166

Creditors: amounts falling due after more than one year

	Note	2026 £	2025 £
Due after one year
Loans and borrowings		200,410	214,166

9	Share capital

Allotted, called up and fully paid shares

	2026		2025
	No.	£	No.	£
Ordinary of £1 each	100	100	100	100

Each share is entitled to one vote in any circumstances and each share is also entitled pari passu to dividend payments or any other distribution, including a distribution arising from a winding up of the company.

10	Related party transactions

Transactions with directors

2026	At 1 February 2025 £	At 31 January 2026 £
Mr DJ Caley
Rent paid for land and buildings	7,380	7,380

W and P Caley Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

2025	At 1 February 2024 £	At 31 January 2025 £
Mr DJ Caley
Rent paid for land and buildings	7,380	7,380

Loans to related parties

2025	Key management £	Total £
At start of period	14,514	14,514
Repaid	(14,514)	(14,514)
At end of period	-	-

Terms of loans to related parties

This loan was repaid on 4th April 2024.