L Wheeler & Sons (Yalding) Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 00505362 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2026

for

L Wheeler & Sons (Yalding) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M J Wheeler

D J Wheeler

REGISTERED OFFICE:

Bockingfold

Collier Street

Marden

Kent

TN12 9PH

REGISTERED NUMBER:

00505362 (England and Wales)

ACCOUNTANTS:

McCabe Ford Williams

Bank Chambers

61 High Street

Cranbrook

Kent

TN17 3EG

FIXED ASSETS

Intangible assets

4

-

Tangible assets

5

1,858,032

1,882,256

Investments

6

1,840

1,859,872

1,884,096

CURRENT ASSETS

Stocks

75,104

95,121

Debtors

7

66,200

54,547

Cash at bank

223,355

249,425

364,659

399,093

CREDITORS

Amounts falling due within one year

8

440,374

430,556

NET CURRENT LIABILITIES

(75,715

)

(31,463

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,784,157

1,852,633

CREDITORS

Amounts falling due after more than one
year

9

-

(160,121

)

PROVISIONS FOR LIABILITIES

(73,138

)

(79,197

)

NET ASSETS

1,711,019

1,613,315

CAPITAL AND RESERVES

Called up share capital

10

15,000

Retained earnings

1,696,019

1,598,315

SHAREHOLDERS' FUNDS

1,711,019

1,613,315

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 July 2026 and were signed on its behalf by:

M J Wheeler - Director

1.	STATUTORY INFORMATION

L Wheeler & Sons (Yalding) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Sfp entitlements

SFP (Single farm payments) Entitlements were purchased in the year to 31 March 2008. They were amortised over 10 years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

straight line over 5 years

Improvements to property

-

50% on reducing balance

Plant and machinery

-

straight line over 3 years

Motor vehicles

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2025 - 6 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 April 2025

and 31 March 2026

7,308

AMORTISATION

At 1 April 2025

and 31 March 2026

7,308

NET BOOK VALUE

At 31 March 2026

-

At 31 March 2025

-

5.	TANGIBLE FIXED ASSETS

Improvements

Freehold

to

Plant and

Motor

property

machinery

vehicles

Totals

£

COST

At 1 April 2025

1,565,479

61,241

737,782

20,911

2,385,413

Additions

-

29,959

-

29,959

Disposals

-

(2,634

)

-

(2,634

)

At 31 March 2026

1,565,479

61,241

765,107

20,911

2,412,738

DEPRECIATION

At 1 April 2025

-

61,241

431,215

10,701

503,157

Charge for year

-

51,533

2,553

54,086

Eliminated on disposal

-

(2,537

)

-

(2,537

)

At 31 March 2026

-

61,241

480,211

13,254

554,706

NET BOOK VALUE

At 31 March 2026

1,565,479

-

284,896

7,657

1,858,032

At 31 March 2025

1,565,479

-

306,567

10,210

1,882,256

6.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 April 2025

and 31 March 2026

1,840

NET BOOK VALUE

At 31 March 2026

1,840

At 31 March 2025

1,840

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

Trade debtors

17,903

17,455

Other debtors

48,297

37,092

66,200

54,547

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

Trade creditors

9,713

6,670

Taxation and social security

39,159

32,585

Other creditors

391,502

391,301

440,374

430,556

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.3.26

31.3.25

£

Other creditors

-

160,121

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.26

31.3.25

value:

£

15,000

Ordinary

£1

15,000

11.	PENSION COMMITMENTS

The company operates an auto-enrolment pension scheme for staff. Contributions by the company to this were £1,391 (2025 £1,895). At the year end employer contributions of £89 (2025 £81) had not been paid across to the scheme.