WATTS FARMS CATERING LIMITED

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

• Turnover

  +2.6%

  £27,151,546 → £27,848,251

  highest in 3 filed years

• Cash

  -76.9%

  £28,998 → £6,690

  lowest in 3 filed years

• Net assets

  +78.5%

  -£412,229 → -£88,717

• Employees

  +0.7%

  143 → 144

  highest in 3 filed years

• Operating profit

  +241.8%

  -£280,305 → £397,606

  highest in 3 filed years

• Profit before tax

  +192.6%

  -£349,543 → £323,512

  highest in 3 filed years

• Wages

  +3.3%

  £4,256,525 → £4,397,875

  highest in 3 filed years

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

DJH Audit Limited

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The directors are of the view that the budgets and forecasts for the next twelve months are realistic and achievable, and that the company is currently continuing along a trend of continuous improvement year on year. The financial statements have been prepared on a going concern basis which assumes that the company will continue in operational existence for the foreseeable future. This assumption is based on the company's ability to manage cash flows and settle short term liabilities as they fall due using the various financial resources at its disposal, including cash generated from the sale of Sondix House post year end, which has facilitated the re-payment of existing loan finance to free up cash flow. It is considered in addition that the shrinkage of the Portuguese growing activity at Quinta Fresca to a smaller size will help the directors evaluate changing weather conditions on business performance and this will alleviate financial pressure that has been borne within the group in recent years so the business may evaluate the future viability of this part of the group.”

Significant events

• “Bank borrowings are comprised of an HSBC loan facility under the Coronavirus Business Interruption Loan (CBIL) scheme whereby the Secretary of State for Business, Energy and Industrial Strategy has provided a guarantee to the bank under the terms of the CBIL scheme. This is supported by personal guarantees provided by the directors.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

2

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.