Graham Ward Farms Limited - Accounts to registrar (filleted) - small 22.3

Graham Ward Farms Limited - Accounts to registrar (filleted) - small 22.3

GRAHAM WARD FARMS LIMITED - Company Information

Print Friendly Version

IRIS Accounts Production v22.3.3.48 02317292 Board of Directors Board of Directors Board of Directors Board of Directors 1.4.21 31.3.22 31.3.22 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure023172922021-03-31023172922022-03-31023172922021-04-012022-03-31023172922020-03-31023172922020-04-012021-03-31023172922021-03-3102317292ns16:EnglandWales2021-04-012022-03-3102317292ns15:PoundSterling2021-04-012022-03-3102317292ns11:Director12021-04-012022-03-3102317292ns11:Director22021-04-012022-03-3102317292ns11:Director32021-04-012022-03-3102317292ns11:Director42021-04-012022-03-3102317292ns11:PrivateLimitedCompanyLtd2021-04-012022-03-3102317292ns11:SmallEntities2021-04-012022-03-3102317292ns11:AuditExempt-NoAccountantsReport2021-04-012022-03-3102317292ns11:SmallCompaniesRegimeForDirectorsReport2021-04-012022-03-3102317292ns11:SmallCompaniesRegimeForAccounts2021-04-012022-03-3102317292ns11:AbridgedAccounts2021-04-012022-03-3102317292ns11:CompanySecretary12021-04-012022-03-3102317292ns11:RegisteredOffice2021-04-012022-03-3102317292ns6:CurrentFinancialInstruments2022-03-3102317292ns6:CurrentFinancialInstruments2021-03-3102317292ns6:ShareCapital2022-03-3102317292ns6:ShareCapital2021-03-3102317292ns6:FurtherSpecificReserve3ComponentTotalEquity2022-03-3102317292ns6:FurtherSpecificReserve3ComponentTotalEquity2021-03-3102317292ns6:RetainedEarningsAccumulatedLosses2022-03-3102317292ns6:RetainedEarningsAccumulatedLosses2021-03-3102317292ns6:LongLeaseholdAssetsns6:LandBuildings2021-04-012022-03-3102317292ns6:PlantMachinery2021-04-012022-03-3102317292ns6:MotorVehicles2021-04-012022-03-3102317292ns6:ComputerEquipment2021-04-012022-03-31
REGISTERED NUMBER: 02317292 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31st March 2022

for

Graham Ward Farms Limited
Graham Ward Farms Limited (Registered number: 02317292)






Contents of the Financial Statements
for the Year Ended 31st March 2022




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Graham Ward Farms Limited

Company Information
for the Year Ended 31st March 2022







DIRECTORS: Mrs J M Ward
Mrs C M Crow
B McNulty FCCA
R A Ward





SECRETARY: Mrs J M Ward





REGISTERED OFFICE: Netherset Hey Farm
Netherset Lane
Madeley
Crewe
Cheshire
CW3 9PE





REGISTERED NUMBER: 02317292 (England and Wales)
Page 1
Graham Ward Farms Limited (Registered number: 02317292)

Abridged Balance Sheet
31st March 2022

31/3/22 31/3/21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,773,928 4,746,514
Investments 5 529,980 718,626
5,303,908 5,465,140

CURRENT ASSETS
Stocks 627,742 507,936
Debtors 834,635 773,577
Cash at bank 906,017 332,798
2,368,394 1,614,311
CREDITORS
Amounts falling due within one year 785,929 413,888
NET CURRENT ASSETS 1,582,465 1,200,423
TOTAL ASSETS LESS CURRENT
LIABILITIES
6,886,373
6,665,563

PROVISIONS FOR LIABILITIES 91,205 92,240
NET ASSETS 6,795,168 6,573,323

CAPITAL AND RESERVES
Called up share capital 3,200,100 3,200,100
Fair value reserve 211,674 301,333
Retained earnings 3,383,394 3,071,890
SHAREHOLDERS' FUNDS 6,795,168 6,573,323

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2022 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 notes form part of these financial statements

Page 2 continued...
Graham Ward Farms Limited (Registered number: 02317292)

Abridged Balance Sheet - continued
31st March 2022


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31st March 2022 in accordance with Section 444(2A) of the Companies Act 2006.

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 19th December 2022 and were signed on its behalf by:




Mrs J M Ward - Director B McNulty FCCA - Director




R A Ward - Director Mrs C M Crow - Director


The notes form part of these financial statements

Page 3
Graham Ward Farms Limited (Registered number: 02317292)

Notes to the Financial Statements
for the Year Ended 31st March 2022

1. STATUTORY INFORMATION

Graham Ward Farms 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.

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.

Going Concern
The directors have considered the potential impact of COVID-19 on the principal activities of the business and they believe that they have sufficient resources in place to operate for the foreseeable future. Thus, they continue to adopt the going concern basis of accounting in preparing the financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Income is recognized when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.

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.
Dig Lane Farm - 2% on reducing balance
Plant and machinery - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Office equipment - 10% on reducing balance

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

Stocks
Stocks are valued consistently from year to year on the following basis:-
Livestock - at cost of rearing
Deadstock - at the lower of cost or market value

Stock is made up as follows:

31/03/22 31/03/21
£ £
Stock 196,871 103,856
Herd Account 430,871 404,081
627,742 507,937

Page 4 continued...
Graham Ward Farms Limited (Registered number: 02317292)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2022

2. ACCOUNTING POLICIES - continued

Financial instruments
The following assets and liabilities are classified as financial instruments - trade debtors, trade creditors, and directors' loans.

Directors' loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised costs are assessed at the end of each reporting period for objective evidence of impairment, If objective evidence of impairment is found, an impairment loss is recognised in the Statement of changes in Equity.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2021 - 4 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st April 2021 5,205,215
Additions 138,527
At 31st March 2022 5,343,742
DEPRECIATION
At 1st April 2021 458,701
Charge for year 111,113
At 31st March 2022 569,814
NET BOOK VALUE
At 31st March 2022 4,773,928
At 31st March 2021 4,746,514

Page 5 continued...
Graham Ward Farms Limited (Registered number: 02317292)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2022

5. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST OR VALUATION
At 1st April 2021 718,626
Additions 47,238
Disposals (202,960 )
Revaluations (32,924 )
At 31st March 2022 529,980
NET BOOK VALUE
At 31st March 2022 529,980
At 31st March 2021 718,626

The fixed asset investments cost as at the 31st March 2022 was £193,654 (2021: £342,293)

Page 6