Clive Soanes (Broilers) Ltd. - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 02071756 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31st March 2019

for

Clive Soanes (Broilers) Ltd.

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

7

DIRECTORS:

A M Soanes

Mrs M E Soanes

SECRETARY:

Mrs M E Soanes

REGISTERED OFFICE:

Church Hill Farm

Middleton On The Wolds

Driffield

East Yorkshire

YO25 9UG

REGISTERED NUMBER:

02071756 (England and Wales)

ACCOUNTANTS:

cbaSadofskys

Chartered Accountants

Princes House

Wright Street

Hull

East Yorkshire

HU2 8HX

BANKERS:

Barclays Bank PLC

Leicester

Leicestershire

LE87 2BB

FIXED ASSETS

Tangible assets

4

1,537,167

1,651,631

Investments

5

170,000

170,000

1,707,167

1,821,631

CURRENT ASSETS

Stocks

527,679

423,317

Debtors

714,186

716,289

Cash at bank

598,722

195,443

1,840,587

1,335,049

CREDITORS

Amounts falling due within one year

1,165,859

993,492

NET CURRENT ASSETS

674,728

341,557

TOTAL ASSETS LESS CURRENT LIABILITIES

2,381,895

2,163,188

CREDITORS

Amounts falling due after more than one year

(600,000

)

(600,000

)

PROVISIONS FOR LIABILITIES

(144,149

)

(139,457

)

NET ASSETS

1,637,746

1,423,731

CAPITAL AND RESERVES

Called up share capital

6

1,100

1,100

Retained earnings

1,636,646

1,422,631

SHAREHOLDERS' FUNDS

1,637,746

1,423,731

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2019 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31st March 2019 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 on 29th November 2019 and were signed on its behalf by:

A M Soanes - Director

1.	STATUTORY INFORMATION

Clive Soanes (Broilers) Ltd. 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.

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 each asset over its estimated useful life.

Buildings

-

4% on cost

Plant and machinery

-

10% on cost and 4% on cost

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

The estimated useful life of buildings has been amended from 10 years to 25 years.

Investments in associates

Investments in associate undertakings are recognised at cost.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2018 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1st April 2018

3,850,762

Additions

116,572

Disposals

(170,347

)

At 31st March 2019

3,796,987

DEPRECIATION

At 1st April 2018

2,199,131

Charge for year

128,031

Eliminated on disposal

(67,342

)

At 31st March 2019

2,259,820

NET BOOK VALUE

At 31st March 2019

1,537,167

At 31st March 2018

1,651,631

5.	FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:

Totals

£

COST

At 1st April 2018

and 31st March 2019

25

NET BOOK VALUE

At 31st March 2019

25

At 31st March 2018

25

Information on loans is as follows:

Totals

£

At 1st April 2018

and 31st March 2019

169,975

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2019

2018

value:

£

£

1,100

Ordinary

£1

1,100

1,100

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited

financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet.

Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are

not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial

statements of Clive Soanes (Broilers) Ltd. for the year ended 31st March 2019 which comprise the Income Statement, Other

Comprehensive Income, Abridged Balance Sheet, Statement of Changes in Equity and the related notes from the company's

accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Clive Soanes (Broilers) Ltd., as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Clive Soanes (Broilers) Ltd. and state those matters that we have agreed to state to the Board of Directors of Clive Soanes (Broilers) Ltd., as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Clive Soanes (Broilers) Ltd. and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Clive Soanes (Broilers) Ltd. has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Clive Soanes (Broilers) Ltd.. You consider that Clive Soanes (Broilers) Ltd. is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Clive Soanes (Broilers) Ltd.. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

cbaSadofskys

Chartered Accountants

Princes House

Wright Street

Hull

East Yorkshire

HU2 8HX

29th November 2019