Registered number
01611968
William Procter Limited
Filleted Accounts
31 March 2026

William Procter Limited
Registered number: | 01611968
Balance Sheet
as at 31 March 2026
Notes |  |  | 2026 |  |  | 2025
£ | £
Fixed assets
Tangible assets | 3 |  |  | 3,599,776 |  |  | 3,536,925
Investments | 4 |  |  | 248,600 |  |  | 248,600
|  |  |  | 3,848,376 |  |  | 3,785,525
Current assets
Stocks |  |  | 534,618 |  |  | 436,753
Debtors | 5 |  | 70,735 |  |  | 89,998
Cash at bank and in hand |  |  | 2,927,900 |  |  | 2,145,780
|  |  | 3,533,253 |  |  | 2,672,531
Creditors: amounts falling due within one year | 6 |  | (681,089) |  |  | (343,928)
Net current assets |  |  |  | 2,852,164 |  |  | 2,328,603
Total assets less current liabilities |  |  |  | 6,700,540 |  |  | 6,114,128
Provisions for liabilities |  |  |  | (163,736) |  |  | (186,135)
Net assets |  |  |  | 6,536,804 |  |  | 5,927,993
Capital and reserves
Called up share capital |  |  |  | 250,500 |  |  | 250,500
Fair value reserve | 7 |  |  | 28,601 |  |  | 28,601
Profit and loss account |  |  |  | 6,257,703 |  |  | 5,648,892
Shareholders' funds |  |  |  | 6,536,804 |  |  | 5,927,993
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 24 June 2026

William Procter Limited
Notes to the Accounts
for the year ended 31 March 2026
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 | 2026 |  | 2025
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 2025 | 2,592,097 |  | 3,323,414 |  | 45,550 |  | 5,961,061
| Additions | - |  | 335,048 |  | - |  | 335,048
| Disposals | - |  | (59,155) |  | (5,450) |  | (64,605)
| At 31 March 2026 | 2,592,097 |  | 3,599,307 |  | 40,100 |  | 6,231,504
| Depreciation
| At 1 April 2025 | - |  | 2,389,112 |  | 35,024 |  | 2,424,136
| Charge for the year | - |  | 266,935 |  | 5,262 |  | 272,197
| On disposals | - |  | (59,155) |  | (5,450) |  | (64,605)
| At 31 March 2026 | - |  | 2,596,892 |  | 34,836 |  | 2,631,728
| Net book value
| At 31 March 2026 | 2,592,097 |  | 1,002,415 |  | 5,264 |  | 3,599,776
| At 31 March 2025 | 2,592,097 |  | 934,302 |  | 10,526 |  | 3,536,925
4 | Investments
Other
investments
£
| Cost
| At 1 April 2025 | 248,600
| At 31 March 2026 | 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 | 2026 |  | 2025
£ | £
| Trade debtors | 46,581 |  | 39,683
| Other debtors | 24,154 |  | 50,315
|  |  |  |  |  | 70,735 |  | 89,998
6 | Creditors: amounts falling due within one year | 2026 |  | 2025
£ | £
| Trade creditors | 368,797 |  | 173,484
| Taxation and social security costs | 226,498 |  | 118,637
| S W Procter loan | 15,094 |  | 94
| Directors' current accounts | 33,689 |  | 26,976
| Other creditors | 37,011 |  | 24,737
|  |  |  |  |  | 681,089 |  | 343,928
7 | Reserves | 2026 |  | 2025
£ | £
| At 1 April 2025 | 28,601 |  | 28,601
| At 31 March 2026 | 28,601 |  | 28,601
8 | Related party transactions
| At 31 March 2026 the company owed S W Procter £15,094 (2025 £94). 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

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