Associated Growers (Hull) Limited - Accounts to registrar (filleted) - small 18.2
Associated Growers (Hull) Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Associated Growers (Hull) Limited |
| Unaudited Financial Statements for the Year Ended 28th February 2019 |
| Associated Growers (Hull) Limited (Registered number: 00497206) |
| Contents of the Financial Statements |
| for the year ended 28th February 2019 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| Associated Growers (Hull) Limited |
| Company Information |
| for the year ended 28th February 2019 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| Regent's Court |
| Princess Street |
| Hull |
| East Yorkshire |
| HU2 8BA |
| Associated Growers (Hull) Limited (Registered number: 00497206) |
| Balance Sheet |
| 28th February 2019 |
| 2019 | 2018 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| Investment property | 5 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 6 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 8 |
| Revaluation reserve |
| Fair value reserve |
| Retained earnings |
| 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. |
| Associated Growers (Hull) Limited (Registered number: 00497206) |
| Balance Sheet - continued |
| 28th February 2019 |
| In accordance with Section 444 of the Companies Act 2006, the Profit and Loss has not been delivered. |
| The financial statements were approved by the Board of Directors on its behalf by: |
| Associated Growers (Hull) Limited (Registered number: 00497206) |
| Notes to the Financial Statements |
| for the year ended 28th February 2019 |
| 1. | STATUTORY INFORMATION |
| Associated Growers (Hull) Limited is a |
| 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 |
| The significant accounting policies applied in the preparation of these financial statements are set out |
| below. These policies have been consistently applied to all years presented unless otherwise stated. |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade |
| discounts. The policies adopted for the recognition of turnover are as follows: |
| Sale of goods |
| Turnover from the sale of goods is recognised when significant risks and rewards of ownership of the |
| goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable |
| that the economic benefits associated with the transaction will flow to the company and the costs |
| incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on |
| dispatch of the goods. |
| Leases |
| Rentals payable and receivable under operating leases are charged to the profit and loss account on a |
| straight line basis over the period of the lease. |
| Depreciation |
| 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. |
| Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less |
| estimated residual value, of each asset on a systematic basis over its expected useful life as follows: |
| Land and buildings | - 2% on cost |
| Plant and machinery etc | - 10% and 25% on cost |
| Investment property |
| Investment properties for which fair value can be measured reliably without undue cost of effort are |
| measured at fair value at each reporting date with changes in fair value recognised in profit or loss. |
| Stocks |
| Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost |
| includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its |
| present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made |
| for damaged, obsolete and slow- moving stock where appropriate. |
| Associated Growers (Hull) Limited (Registered number: 00497206) |
| Notes to the Financial Statements - continued |
| for the year ended 28th February 2019 |
| 2. | ACCOUNTING POLICIES - continued |
| Taxation |
| Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) |
| for the current or past reporting periods. It is measured at the amount expected to be paid or recovered |
| using the tax rates and laws that have been enacted or substantively enacted by the balance sheet |
| date. |
| Deferred tax represents the future tax consequences of transactions and events recognised in the |
| financial statements of current and previous periods. It is recognised in respect of all timing |
| differences, with certain exceptions. Timing differences are differences between taxable profits and |
| total comprehensive income as stated in the financial statements that arise from the inclusion of |
| income and expense in tax assessments in periods different from those in which they are recognised |
| in the financial statements. 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 is measured using the tax rates and laws that have been enacted or substantively |
| enacted by the balance sheet date that are expected to apply to the reversal of timing differences. |
| Impairment |
| Assets not measured at fair value are reviewed for any indication that the asset may be impaired at |
| each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's |
| cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount |
| exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is |
| carried at a revalued amount where the impairment loss is a revaluation decrease. |
| Debtors and creditors receivable / payable within one year |
| Debtors and creditors with no stated interest rate and are receivable or payable within one year are |
| recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss |
| account in other administrative expenses. |
| Provisions |
| Provisions are recognised when the company has an obligation at the balance sheet date as a result of |
| a past event, it is probable that an outflow of economic benefits will be required in settlement and the |
| amount can be reliably estimated. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| Associated Growers (Hull) Limited (Registered number: 00497206) |
| Notes to the Financial Statements - continued |
| for the year ended 28th February 2019 |
| 4. | TANGIBLE FIXED ASSETS |
| Plant and |
| Land and | machinery |
| buildings | etc | Totals |
| £ | £ | £ |
| COST |
| At 1st March 2018 |
| Additions |
| Disposals | ( |
) | ( |
) |
| At 28th February 2019 |
| DEPRECIATION |
| At 1st March 2018 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) |
| At 28th February 2019 |
| NET BOOK VALUE |
| At 28th February 2019 |
| At 28th February 2018 |
| 5. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| At 1st March 2018 |
| and 28th February 2019 |
| NET BOOK VALUE |
| At 28th February 2019 |
| At 28th February 2018 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2019 | 2018 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2019 | 2018 |
| £ | £ |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| Associated Growers (Hull) Limited (Registered number: 00497206) |
| Notes to the Financial Statements - continued |
| for the year ended 28th February 2019 |
| 8. | CALLED UP SHARE CAPITAL |
| The share capital of £1,560 (2018: £1,560) is allotted, called up and fully paid. |
| 9. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to a director subsisted during the years ended 28th February 2019 |
| and 28th February 2018: |
| 2019 | 2018 |
| £ | £ |
| Balance outstanding at start of year |
| Amounts advanced |
| Amounts repaid | ( |
) | ( |
) |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of year |