Procters Farm Limited - Period Ending 2014-06-30
Procters Farm Limited - Period Ending 2014-06-30
Company registration number
Unaudited Abbreviated Accounts
for the Year Ended
Procters Farm Limited
Contents
FOR THE YEAR ENDED 30 June 2014
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Procters Farm Limited
Abbreviated Balance Sheet
as at 30 June 2014
Note |
2014
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2013
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Fixed assets |
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Tangible fixed assets |
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Investments |
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Current assets |
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Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current liabilities |
( |
( |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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Shareholders' funds |
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Company registration number: 01193404
Approved by the Board on...... March 2015 and signed on its behalf by:
Mr A Moores
Director
Procters Farm Limited
Notes to the Abbreviated Accounts
for the Year Ended 30 June 2014
Accounting policies |
Basis of preparation
Going concern
The financial statements have been prepared on a going concern basis, despite there being net current liabilities at the balance sheet date, as the director, Mr A Moores has confirmed that he is willing to continue to support the company for the next 12 months.
Turnover
Depreciation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Asset class |
Depreciation method and rate |
Leasehold property |
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Motor vehicles |
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Plant and machinery |
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Drainage |
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Tractors |
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Research and development
Fixed asset investments
Stock
Deferred tax
Procters Farm Limited
Notes to the Abbreviated Accounts
for the Year Ended 30 June 2014
Fixed assets |
Tangible assets
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Investments
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Total
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Cost |
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At 1 July 2013 |
7,724,777 |
1,250 |
7,726,027 |
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Additions |
829,008 |
- |
829,008 |
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Disposals |
(30,745) |
- |
(30,745) |
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At 30 June 2014 |
8,523,040 |
1,250 |
8,524,290 |
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Depreciation |
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At 1 July 2013 |
1,673,295 |
- |
1,673,295 |
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Charge for the year |
264,883 |
- |
264,883 |
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Eliminated on disposals |
(18,356) |
- |
(18,356) |
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At 30 June 2014 |
1,919,822 |
- |
1,919,822 |
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Net book value |
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At 30 June 2014 |
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At 30 June 2013 |
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Share capital |
Allotted, called up and fully paid shares
2014 |
2013 |
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No. |
£ |
No. |
£ |
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Control |
The company is controlled by