West Yorkshire Fellmongers Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 01693249 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025

FOR

WEST YORKSHIRE FELLMONGERS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R A Brady

Mrs J L Dean

SECRETARY:

Mrs J L Dean

REGISTERED OFFICE:

Valley Road

Bradford

West Yorkshire

BD1 4RU

REGISTERED NUMBER:

01693249 (England and Wales)

ACCOUNTANTS:

bk plus Brighouse

Chartered Certified Accountants

Birkby House

Bailiff Bridge

Brighouse

West Yorkshire

HD6 4JJ

FIXED ASSETS

Tangible assets

4

2,769,876

2,800,417

Investment property

5

1,106,000

3,875,876

3,906,417

CURRENT ASSETS

Stocks

123,400

164,450

Debtors

6

730,194

400,409

Cash at bank and in hand

3,438,962

3,388,135

4,292,556

3,952,994

CREDITORS

Amounts falling due within one year

7

(4,164,788

)

(3,919,591

)

NET CURRENT ASSETS

127,768

33,403

TOTAL ASSETS LESS CURRENT
LIABILITIES

4,003,644

3,939,820

PROVISIONS FOR LIABILITIES

(173,801

)

(130,652

)

NET ASSETS

3,829,843

3,809,168

CAPITAL AND RESERVES

Called up share capital

9

1,000

Retained earnings

10

3,828,843

3,808,168

SHAREHOLDERS' FUNDS

3,829,843

3,809,168

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 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 25 November 2025 and were signed on its behalf by:

Mrs J L Dean - Director

1.	STATUTORY INFORMATION

West Yorkshire Fellmongers 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 as modified by the revaluation of certain assets.

TURNOVER

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

TANGIBLE FIXED ASSETS

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

Freehold property

-

2% on cost

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on cost

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

INVESTMENT PROPERTY

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

The methods and significant assumptions used to ascertain the fair value of £1,106,000 and fair value movement of £nil included in the profit for the year were valued by the directors on an annul basis.

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.

Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

FOREIGN CURRENCIES

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

FINANCIAL INSTRUMENTS

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2024 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Plant and

Motor

Computer

property

machinery

vehicles

equipment

Totals

£

COST

At 1 March 2024

3,003,875

30,225

34,295

9,244

3,077,639

Additions

329,300

3,000

-

332,300

Disposals

(328,000

)

-

(328,000

)

Grants

-

4,500

-

4,500

At 28 February 2025

3,005,175

33,225

38,795

9,244

3,086,439

DEPRECIATION

At 1 March 2024

232,199

24,501

13,630

6,892

277,222

Charge for year

30,779

1,682

6,292

588

39,341

At 28 February 2025

262,978

26,183

19,922

7,480

316,563

NET BOOK VALUE

At 28 February 2025

2,742,197

7,042

18,873

1,764

2,769,876

At 29 February 2024

2,771,676

5,724

20,665

2,352

2,800,417

Included in cost of land and buildings is freehold land of £ 638,750 (2024 - £ 638,750 ) which is not depreciated.

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 March 2024

and 28 February 2025

1,106,000

NET BOOK VALUE

At 28 February 2025

1,106,000

At 29 February 2024

1,106,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

443,103

359,846

Other debtors

287,091

40,563

730,194

400,409

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade creditors

3,929,915

3,685,446

Taxation and social security

34,392

49,749

Other creditors

200,481

184,396

4,164,788

3,919,591

8.	SECURED DEBTS

The Company's bank overdraft and loan facility is secured by way of a debenture and a fixed charge on the assets of the Company.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

1,000

Ordinary

£1

1,000

10.

RESERVES

Retained

earnings

£

At 1 March 2024

3,808,168

Profit for the year

20,675

At 28 February 2025

3,828,843