WFS Country Shop Limited - Filleted accounts


WFS COUNTRY SHOP LIMITED

UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30 APRIL 2026



































Company Registration Number: 04827918

WFS COUNTRY SHOP LIMITED

UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2026


CONTENTS									PAGES



Company information									1

Balance sheet									2 to 3

Notes to the financial statements									4 to 10

WFS COUNTRY SHOP LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2026


DIRECTORS

Mr D W Arthur
Mrs S M Arthur
Mrs H D Sutton
Mr R Sutton


SECRETARY

Mrs S M Arthur


REGISTERED OFFICE

4 Witan Way
Witney
Oxon
OX28 6FF


COMPANY REGISTRATION NUMBER

04827918 England and Wales

WFS COUNTRY SHOP LIMITED

BALANCE SHEET
AS AT 30 APRIL 2026


	Notes	2026		2025
		£		£

FIXED ASSETS
Tangible assets	5		121,604		133,068

CURRENT ASSETS
Stock		354,144		351,756
Debtors	6	66,911		40,858
Cash at bank and in hand		76,357		95,167


		497,412		487,781

CREDITORS: Amounts falling due within one year	7	284,522		294,364
CREDITORS: Amounts falling due within one year


NET CURRENT ASSETS			212,890		193,417


TOTAL ASSETS LESS CURRENT LIABILITIES			334,494		326,485

CREDITORS: Amounts falling due after more than one year	8		1,856		8,866
CREDITORS: Amounts falling due after more than one year

Provisions for liabilities and charges			17,425		19,867


NET ASSETS			315,213		297,752


CAPITAL AND RESERVES
Called up share capital			100		100
Distributable profit and loss account			315,113		297,652


SHAREHOLDER'S FUNDS			315,213		297,752

WFS COUNTRY SHOP LIMITED

BALANCE SHEET
AS AT 30 APRIL 2026


These accounts have been prepared and delivered in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006 and in accordance with the provisions of FRS 102 Section 1A - small entities.

For the financial year ended 30 April 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.

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.

As permitted by S444 (5A) of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company’s Profit and Loss Account or Directors Report.


Signed on behalf of the board of directors




S M Arthur						D W Arthur
Director						Director

Date approved by the board: 26 August 2026

WFS COUNTRY SHOP LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2026


1	GENERAL INFORMATION

	WFS Country Shop Limited is a private company limited by shares and incorporated in England and Wales. Its registered office and principal place of business are:

	Registered office	Principal place of business
	4 Witan Way	WFS Country Shop Limited
	Witney	Aero Garage
	Oxon	Burford Road
	OX28 6FF	Witney
		Oxon
		OX29 0RB

	The financial statements are presented in Sterling, which is the functional currency of the company.

2	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

	Basis of preparation of financial statements

	These financial statements have been prepared in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 Section 1A smaller entities 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' ('FRS 102') and the Companies Act 2006.

	Revenue recognition

	Turnover is measured at the fair value of consideration received or receivable and represents the sale of animal health products, feeds and outdoor wear and clothing, stated net of trade discounts and value added tax.

	The company recognises revenue when the amount of revenue can be measured reliably and when it is probable that future economic benefits will flow to the entity.


	Tangible fixed assets

	Fixed assets are carried at cost less accumulated depreciation and accumulated impairment losses.

	Depreciation has been provided at the following rates so as to write off the cost or valuation of assets less residual value of the assets over their estimated useful lives.

	Improvements to property		Straight line at 10% per annum
	Plant and machinery, office and computer equipment		Straight line at 33% and reducing balance basis at 20% per annum
	Motor vehicles		Reducing balance basis at 25% per annum

	On disposal, the difference between the net disposal proceeds and the carrying amount of the item sold is recognised in the profit and loss account, and included within administrative expenses.

WFS COUNTRY SHOP LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2026


2	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued…)

	Financial Instruments

	A financial asset or financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

	The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

	Where investments in non-derivative financial instruments are publicly traded, or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value through the profit and loss account.

	Basic financial assets and financial liabilities are initially recognised at transaction price and measured at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction. They are subsequently carried at their amortised cost using the effective interest rate method, less any provision for impairment. If the effect of the time value of money is immaterial, they are measured at cost less impairment.

	Basic financial assets and liabilities which are measured at cost or amortised cost are reviewed for objective impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the profit and loss account immediately.

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


	Financing transactions are measured at the present value of the future receipts discounted at a market rate of interest. They are subsequently measured at amortised costs using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

WFS COUNTRY SHOP LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2026


2	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued…)

	Impairment of non-financial assets

	At each reporting date non-financial assets not carried at fair value, like goodwill and plant, property and equipment, are reviewed to determine whether there is an indication that an asset may be impaired. If there is an indication of possible impairment, the recoverable amount of any asset or group of related assets (which is the higher of value in use and the fair value less cost to sell) is estimated and compared with its carrying amount. If the recoverable amount is lower, the carrying amount of the asset is reduced to its recoverable amount and an impairment loss is recognised immediately in the profit and loss account.

	Stocks are assessed for impairment at each reporting date. The carrying amount of each item of stock, or group of similar items, is compared with its selling price less cost to complete and sell. If an item of stock, or group of similar items, is impaired its carrying amount is reduced to selling price less costs to complete and sell, and an impairment loss is recognised immediately in the profit and loss account.

	If an impairment loss is subsequently reversed, the carrying amount of the asset, or group of related assets, is increased to the revised estimate of its recoverable amount, but not to exceed the amount that would have been determined had no impairment loss been recognised for the asset, or group of related assets, in prior periods. A reversal of an impairment loss is recognised immediately in the profit and loss account.


	Stock

	Stock has been valued at the lower of cost and estimated selling price less cost to complete and sell, after making due allowance for obsolete and slow-moving items. Cost comprises the cost of goods purchased valued on a first in first out basis.

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


	Debtors

	Short term debtors are measured at transaction price, less any impairment.

	Creditors

	Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and subsequently at amortised cost.

WFS COUNTRY SHOP LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2026


2	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued…)

	Leases

	Leases are classified as finance leases when they transfer substantially all the risks and rewards of ownership of the leased assets to the company. Other leases that do not transfer substantially all the risks and rewards of ownership of the leased assets to the company are classified as operating leases.

	Assets held under finance leases are recognised in accordance with the company's policy for tangible fixed assets. The corresponding obligations to lessors under finance leases are treated in the balance sheet as a liability. The assets and liabilities under finance leases are recognised at amounts equal to the fair value of the assets, or if lower, the present value of minimum lease payments, determined at the inception of the lease.

	Minimum lease payments are apportioned between finance charges and the reduction in the outstanding liabilities using the effective interest method. The finance charge is allocated to each period during the lease so as to produce a constant rate of interest on the remaining balance of the liabilities. Finance charges are recognised in the profit and loss account.


	Taxation

	Taxation expense represents the aggregate amount of current tax and deferred tax recognised in the reporting period.

	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods based on current tax rates and laws. 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 taxable profits.

	Deferred tax is measured using 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.

	Current and deferred tax assets and liabilities are not discounted.

	Pensions

	The company operates a defined contribution pension scheme. The amount charged to the profit and loss account in respect of pension costs and other post-retirement benefits is the amount payable in the year. Differences between contributions payable and contributions actually paid in the year are shown as either accruals or prepayments in the balance sheet.

3	CRITICAL ACCOUNTING ESTIMATES AND JUDGEMENTS

	No significant accounting estimates and judgements have had to be made by the directors in preparing these financial statements.

WFS COUNTRY SHOP LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2026

4	EMPLOYEES

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

						2026	2025
	Average number of employees					14	14


5	TANGIBLE ASSETS
		Improvements to property		Plant and machinery, office and computer equipment		Motor vehicles	Total
			£		£	£	£
	Cost
	At 1 May 2025		89,959		130,166	38,346	258,471

	Additions		-		8,822	-	8,822

	Disposals		-		(114)	-	(114)


	At 30 April 2026		89,959		138,874	38,346	267,179


	Accumulated depreciation
	At 1 May 2025		-		101,684	23,719	125,403

	Charge for year		8,995		7,634	3,657	20,286

	Disposals		-		(114)	-	(114)


	At 30 April 2026		8,995		109,204	27,376	145,575


	Net book value
	At 1 May 2025		89,959		28,482	14,627	133,068


	At 30 April 2026		80,964		29,670	10,970	121,604


	Included in the above are assets held under finance leases and hire purchase contracts as follows:

						Motor vehicles	Total
						£	£
	Depreciation and impairments charge for year					3,413	3,413


	Net book value
	At 1 May 2025					13,652	13,652


	At 30 April 2026					10,239	10,239

WFS COUNTRY SHOP LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2026


6	DEBTORS
				2026		2025
				£		£
	Prepayments and accrued income			22,845		20,817
	Other debtors			44,066		20,041


				66,911		40,858


7	CREDITORS: Amounts falling due within one year
				2026		2025
				£		£
	Bank loans and overdrafts			-		2
	Trade creditors			85,256		102,647
	Taxation and social security			49,425		38,659
	Amounts owed to group undertakings			127,949		125,109
	Hire purchase contracts and finance leases			7,008		6,380
	Accruals and deferred income			6,959		7,346
	Other creditors			7,925		14,221


				284,522		294,364

8	CREDITORS: Amounts falling due after more than one year
				2026		2025
				£		£
	Hire purchase contracts and finance leases			1,856		8,866


9	SECURED DEBTS

	The hire purchase contracts and finance leases are secured on the assets concerned.

10	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

	The following directors' advances, credits and guarantees took place during the year:

		Balance at 1 May 2025	Amounts advanced	Amounts repaid	Balance at 30 April 2026
		£	£	£		£
	Mr D W Arthur	-	9,538	-		9,538
	Mrs S M Arthur	-	9,538	-		9,538


		-	19,076	-		19,076

	These advances are interest free and repayable on demand.

WFS COUNTRY SHOP LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2026

11	RELATED PARTY TRANSACTIONS

	The company has claimed exemptions from reporting disclosure of related party transactions with the following wholly owned group members:

	WFS Country Shop 2 Limited	Parent company