Robert Lindley Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 03517138 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2014

FOR

ROBERT LINDLEY LIMITED

Page

Company Information

1

Chartered Certified Accountants' Report

2

Abbreviated Balance Sheet

3

Notes to the Abbreviated Accounts

5

DIRECTORS:

R Lindley

Mrs S O Lindley

E R Lindley

SECRETARY:

R Lindley

REGISTERED OFFICE:

Hall Farm

Hunmanby Road

Burton Fleming

Driffield

East Yorkshire

YO25 3PT

REGISTERED NUMBER:

03517138 (England and Wales)

ACCOUNTANTS:

Bradbury & Co (Accountants) Limited

Chartered Tax Advisers and Accountants

Driffield

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

annual unaudited financial statements, from which the unaudited abbreviated accounts (set out on

pages three to seven) have been prepared.

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

financial statements of Robert Lindley Limited for the year ended 30 June 2014 which comprise the Profit and

Loss Account, the Balance Sheet, 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 Association of Chartered Certified Accountants, we are subject to its ethical

and other professional requirements which are detailed at http://rulebook.accaglobal.com.

This report is made solely to the Board of Directors of Robert Lindley Limited, 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 Robert Lindley Limited and state those matters that we have agreed to state to the Board of

Directors of Robert Lindley Limited, as a body, in this report in accordance with the requirements of the

Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the

fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and

its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Robert Lindley Limited 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 loss of

Robert Lindley Limited. You consider that Robert Lindley Limited 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 Robert Lindley

Limited. 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.

Bradbury & Co (Accountants) Limited

Chartered Tax Advisers and Accountants

Driffield

Date: .............................................

FIXED ASSETS

Tangible assets

2

5,940,155

2,829,159

Investments

3

-

4,900

5,940,155

2,834,059

CURRENT ASSETS

Stocks

841,940

832,939

Debtors

528,824

408,467

Cash at bank and in hand

2,813

26,800

1,373,577

1,268,206

CREDITORS

Amounts falling due within one year

4

(2,313,591

)

(1,700,449

)

NET CURRENT LIABILITIES

(940,014

)

(432,243

)

TOTAL ASSETS LESS CURRENT LIABILITIES

5,000,141

2,401,816

CREDITORS

Amounts falling due after more than one year

4

(970,300

)

(1,045,873

)

NET ASSETS

4,029,841

1,355,943

CAPITAL AND RESERVES

Called up share capital

5

431,848

431,848

Revaluation reserve

2,823,901

-

Profit and loss account

774,092

924,095

SHAREHOLDERS' FUNDS

4,029,841

1,355,943

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2014 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 24 March 2015 and were signed on its behalf by:

R Lindley - Director

Mrs S O Lindley - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention as modified by the

revaluation of certain assets and in accordance with the Financial Reporting Standard for Smaller Entities

(effective April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is calculated so as to write down the cost of tangible fixed assets to their estimated residual

value over the period of their useful lives. The rates of depreciation are as follows:

Freehold Buildings

2-4% per annum

Improvements to freehold property

2-25% per annum

Plant & Machinery

5-25% per annum

Motor Vehicles

25% per annum

Office equipment

25% per annum

Land has not been depreciated

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete

and slow moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet.

Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held

under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the

shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant

period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis

over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's

pension scheme are charged to the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST OR VALUATION

At 1 July 2013

4,173,380

Additions

619,276

Disposals

(151,295

)

Revaluations

2,319,890

At 30 June 2014

6,961,251

DEPRECIATION

At 1 July 2013

1,344,221

Charge for year

276,220

Eliminated on disposal

(95,334

)

Revaluation adjustments

(504,011

)

At 30 June 2014

1,021,096

NET BOOK VALUE

At 30 June 2014

5,940,155

At 30 June 2013

2,829,159

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 July 2013

4,900

Disposals

(4,900

)

At 30 June 2014

-

NET BOOK VALUE

At 30 June 2014

-

At 30 June 2013

4,900

4.

CREDITORS

Creditors include an amount of £ 2,271,840 (2013 - £ 1,841,877 ) for which security has been given.

They also include the following debts falling due in more than five years:

2014

2013

£

£

Repayable by instalments

363,288

415,100

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

324,098

Ordinary A

£1

324,098

324,098

64,650

Ordinary B

£1

64,650

64,650

43,100

Ordinary C

£1

43,100

43,100

431,848

431,848