Yeowart Agricultural Limited - Accounts to registrar (filleted) - small 18.2
Yeowart Agricultural Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 30 April 2021 |
| for |
| Yeowart Agricultural Limited |
| Yeowart Agricultural Limited (Registered number: 06487755) |
| Contents of the Financial Statements |
| for the Year Ended 30 April 2021 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| Yeowart Agricultural Limited |
| Company Information |
| for the Year Ended 30 April 2021 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| Thatcher House |
| 12 Mount Ephraim |
| Tunbridge Wells |
| Kent |
| TN4 8AS |
| Yeowart Agricultural Limited (Registered number: 06487755) |
| Balance Sheet |
| 30 April 2021 |
| 2021 | 2020 |
| Notes | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Stocks | 5 |
| Debtors | 6 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 7 | ( |
) | ( |
) |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year | 8 | ( |
) | ( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 9 |
| Retained earnings | 10 |
| SHAREHOLDERS' FUNDS |
| 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. |
| Yeowart Agricultural Limited (Registered number: 06487755) |
| Balance Sheet - continued |
| 30 April 2021 |
| In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered. |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| Yeowart Agricultural Limited (Registered number: 06487755) |
| Notes to the Financial Statements |
| for the Year Ended 30 April 2021 |
| 1. | STATUTORY INFORMATION |
| Yeowart Agricultural Limited is a |
| 2. | ACCOUNTING POLICIES |
| BASIS OF PREPARATION |
| 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 ASSETS |
| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. |
| Plant and machinery - 10% on reducing balance |
| Fixtures and fittings - 10%/20%/33% on reducing balance |
| Motor vehicles - 25% on reducing balance |
| GOVERNMENT GRANTS |
| Government grants are recognised at fair value when there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received. Grants receivable during the year under the Coronavirus Job Retention Scheme are included in the accounts under Other Income. |
| STOCKS |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
| 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. |
| DEFERRED TAX |
| Deferred tax is not recognised in respect of all timing differences that have originated but not reversed at the balance sheet date which are immaterial. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| Yeowart Agricultural Limited (Registered number: 06487755) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 April 2021 |
| 4. | TANGIBLE FIXED ASSETS |
| Fixtures |
| Short | Plant and | and | Motor |
| leasehold | machinery | fittings | vehicles | Totals |
| £ | £ | £ | £ | £ |
| COST |
| At 1 May 2020 |
| Additions |
| Disposals | ( |
) | ( |
) | ( |
) |
| At 30 April 2021 |
| DEPRECIATION |
| At 1 May 2020 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) | ( |
) |
| At 30 April 2021 |
| NET BOOK VALUE |
| At 30 April 2021 |
| At 30 April 2020 |
| 5. | STOCKS |
| 2021 | 2020 |
| £ | £ |
| Finished goods |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2021 | 2020 |
| £ | £ |
| Trade debtors |
| Tax |
| Prepayments |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2021 | 2020 |
| £ | £ |
| Bank loans and overdrafts |
| Hire purchase contracts |
| Trade creditors |
| Social security and other tax |
| VAT | 88,142 | 47,415 |
| Accrued expenses |
| Yeowart Agricultural Limited (Registered number: 06487755) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 April 2021 |
| 8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2021 | 2020 |
| £ | £ |
| Bank loans - 1-2 years |
| Bank loans - 2-5 years |
| Other loans - 1-2 years |
| Hire purchase contracts |
| 9. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2021 | 2020 |
| value: | £ | £ |
| Ordinary | £1 | 1,000 | 1,000 |
| 10. | RESERVES |
| Retained |
| earnings |
| £ |
| At 1 May 2020 |
| Deficit for the year | ( |
) |
| At 30 April 2021 |
| 11. | ULTIMATE CONTROLLING PARTY |
| The controlling party is L D Yeowart. |
| 12. | EVENT DURING THE YEAR |
| The Coronavirus (COVID-19) have emerged globally resulting in a significant impact on businesses worldwide and the UK government continued to impose restrictions in 2021. As a result some business operations have been restricted, however the company continues to operate using alternative methods and remote working. Hence financial statements do not include any adjustments that might result from the outcome of this uncertainty. The directors are continuing to monitor, assess and act to the current changing environment in order to position the company to ensure its future success. |