Wilson of Woodside Limited - Period Ending 2026-03-31

Company Registration number: 05209818

Wilson of Woodside Limited

Annual Report and Unaudited
Financial Statements

for the Year Ended 31 March 2026

Wilson of Woodside Limited

Contents

Pages

Balance sheet	1 to 2
Notes to the financial statements	3 to 9

Wilson of Woodside Limited

Balance Sheet as at 31 March 2026

	Note	2026 £	2025 £
Fixed assets
Tangible assets	4	3,653,020	3,332,971
Other financial assets		2,969	2,969
		3,655,989	3,335,940
Current assets
Stocks	5	356,704	238,065
Debtors	6	397,522	424,027
Cash at bank and in hand		14,367	82,945
		768,593	745,037
Creditors: Amounts falling due within one year	8	(748,256)	(619,418)
Net current assets		20,337	125,619
Total assets less current liabilities		3,676,326	3,461,559
Creditors: Amounts falling due after more than one year	8	(235,675)	-
Provisions for liabilities		(138,959)	(104,917)
Net assets		3,301,692	3,356,642
Capital and reserves
Called up share capital	9	100	100
Retained earnings		3,301,592	3,356,542
Shareholders' funds		3,301,692	3,356,642

Wilson of Woodside Limited

Balance Sheet as at 31 March 2026 (continued)

For the financial year ending 31 March 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 Profit and Loss Account.

Company registration number: 05209818

Approved and authorised by the Board on 14 July 2026 and signed on its behalf by:

.........................................
Mr M A Wilson
Director

Wilson of Woodside Limited

Notes to the financial statements for the Year Ended 31 March 2026

1	GENERAL INFORMATION

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

The address of its registered office is:
Woodside Farm
Wreay
Carlisle
CA4 0RJ

These financial statements were authorised for issue by the Board on 14 July 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 were prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

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.

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

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Actual results may differ from these estimates.

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.

Wilson of Woodside Limited

Notes to the financial statements for the Year Ended 31 March 2026 (continued)

2	ACCOUNTING POLICIES (continued)

Taxation

The tax expense for the period comprises 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 corporation 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.

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.

Herd - The animals comprised in the production herd are valued at cost with replacements valued at the original cost of the animals they replace. Additional animals are valued at cost when transferred to the herd. No depreciation is applied to the herd.

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.

No depreciation has been provided for on the freehold property as this is kept in a sound state of repair and in the opinion of the directors the residual value is so high and the useful economic life so long that the depreciation charge would be immaterial. This is not in accordance with FRS 102 however this is required in order to give a true and fair view.

No depreciation is applied to the herd.

Asset class	Depreciation method and rate
Property improvements	2% reducing balance
Tractors and machinery	20% reducing balance
Milking equipment	20% reducing balance
Motor vehicles	25% reducing balance
Computer equipment	25% straight line

Wilson of Woodside Limited

Notes to the financial statements for the Year Ended 31 March 2026 (continued)

2	ACCOUNTING POLICIES (continued)

Stocks

Stocks are valued at lower of cost and net realisable value. Where the cost of home bred animals cannot be ascertained they are valued at 60% of market value.

The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

Classification
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Recognition and measurement
Basic financial instruments are initially recognised at the transaction price.
Impairment
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.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

3	STAFF NUMBERS

The average number of persons employed by the company (including directors) during the year, was 8 (2025 - 9).

Wilson of Woodside Limited

Notes to the financial statements for the Year Ended 31 March 2026 (continued)

4	TANGIBLE ASSETS

Property and improvements
£

Tractors and machinery
£

Milking equipment
£

Motor vehicles
£

Computer equipment
£

Herd
£

Total
£

Cost or valuation

At 1 April 2025

2,466,392

799,570

1,077,834

59,433

12,111

144,795

4,560,135

Additions

-

9,895

545,855

-

1,993

-

557,743

At 31 March 2026

2,466,392

809,465

1,623,689

59,433

14,104

144,795

5,117,878

Depreciation

At 1 April 2025

237,780

613,303

343,604

25,457

7,020

-

1,227,164

Charge for the year

4,756

47,563

174,139

8,494

2,742

-

237,694

At 31 March 2026

242,536

660,866

517,743

33,951

9,762

-

1,464,858

Carrying amount

At 31 March 2026

2,223,856

148,599

1,105,946

25,482

4,342

144,795

3,653,020

At 31 March 2025

2,228,613

186,266

734,230

33,976

5,091

144,795

3,332,971

- 6 -

Wilson of Woodside Limited

Notes to the financial statements for the Year Ended 31 March 2026 (continued)

STOCKS

	2026 £	2025 £
Trading stock	356,704	238,065

DEBTORS

Current	2026 £	2025 £
Trade debtors	105,181	110,121
Prepayments and accrued income	27,551	24,819
Other debtors	264,790	289,087
	397,522	424,027

Wilson of Woodside Limited

Notes to the financial statements for the Year Ended 31 March 2026 (continued)

7	RELATED PARTY TRANSACTIONS

Transactions with directors

2026	At 1 April 2025 £	Advances to director £	Repayments by director £	At 31 March 2026 £
Mr R J Wilson
Director's loan account	-	126,964	-	126,964


Mr M A Wilson
Director's loan account	-	60,240	-	60,240


Mrs S I Wilson
Director's loan account	-	60,240	-	60,240

8

CREDITORS

Creditors: amounts falling due within one year

	2026 £	2025 £
Due within one year
Loans and borrowings	113,995	-
Trade creditors	102,791	56,816
Taxation and social security	11,616	22,372
Accruals and deferred income	379,854	540,230
Other creditors	140,000	-
	748,256	619,418

Creditors: amounts falling due after more than one year

	2026 £	2025 £
Due after one year
Loans and borrowings	235,675	-

Wilson of Woodside Limited

Notes to the financial statements for the Year Ended 31 March 2026 (continued)

9	SHARE CAPITAL

Allotted, called up and fully paid shares

	2026		2025
	No.	£	No.	£
Ordinary of £1 each	5	5	5	5
Ordinary A of £1 each	45	45	45	45
Ordinary B of £1 each	45	45	45	45
Ordinary C of £1 each	5	5	5	5
	100	100	100	100

	Property and improvements £	Tractors and machinery £	Milking equipment £	Motor vehicles £	Computer equipment £	Herd £	Total £
Cost or valuation
At 1 April 2025	2,466,392	799,570	1,077,834	59,433	12,111	144,795	4,560,135
Additions	-	9,895	545,855	-	1,993	-	557,743
At 31 March 2026	2,466,392	809,465	1,623,689	59,433	14,104	144,795	5,117,878
Depreciation
At 1 April 2025	237,780	613,303	343,604	25,457	7,020	-	1,227,164
Charge for the year	4,756	47,563	174,139	8,494	2,742	-	237,694
At 31 March 2026	242,536	660,866	517,743	33,951	9,762	-	1,464,858
Carrying amount
At 31 March 2026	2,223,856	148,599	1,105,946	25,482	4,342	144,795	3,653,020
At 31 March 2025	2,228,613	186,266	734,230	33,976	5,091	144,795	3,332,971