Clutton Hill Agricultural Services Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 01756784 (England and Wales)

Clutton Hill Agricultural Services Ltd

Unaudited Financial Statements for the Year Ended 31st July 2019

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Report of the Accountants

7

DIRECTORS:

I W Appleyard

S Pocklington

SECRETARIES:

S A Wilkinson

Clutton Hill Agricultural Services Ltd

REGISTERED OFFICE:

Clutton Hill Estate

Clutton

Bristol

BS39 5QQ

REGISTERED NUMBER:

01756784 (England and Wales)

ACCOUNTANTS:

Draycott & Kirk

Chartered Accountants

Cleveland House

92 Westgate

Guisborough

Cleveland

TS14 6AP

FIXED ASSETS

Tangible assets

3

1,659,830

1,665,724

CURRENT ASSETS

Debtors

4

35,296

39,200

Cash at bank

15,452

40,250

50,748

79,450

CREDITORS

Amounts falling due within one year

5

493,885

689,420

NET CURRENT LIABILITIES

(443,137

)

(609,970

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,216,693

1,055,754

CREDITORS

Amounts falling due after more than one year

6

264,365

311,773

NET ASSETS

952,328

743,981

CAPITAL AND RESERVES

Called up share capital

250,000

250,000

Revaluation reserve

7

103,993

103,993

Retained earnings

598,335

389,988

952,328

743,981

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

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

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 5th March 2020 and were signed on its behalf by:

S Pocklington - Director

1.	STATUTORY INFORMATION

Clutton Hill Agricultural Services 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.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

in accordance with the property

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

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 profit or loss over the relevant period. The capital element

of the future payments is treated as a liability.

3.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1st August 2018

and 31st July 2019

1,583,213

117,875

1,701,088

DEPRECIATION

At 1st August 2018

-

35,364

35,364

Charge for year

-

5,894

5,894

At 31st July 2019

-

41,258

41,258

NET BOOK VALUE

At 31st July 2019

1,583,213

76,617

1,659,830

At 31st July 2018

1,583,213

82,511

1,665,724

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:

Plant and

machinery

etc

£

COST

At 1st August 2018

and 31st July 2019

117,875

DEPRECIATION

At 1st August 2018

35,364

Charge for year

5,894

At 31st July 2019

41,258

NET BOOK VALUE

At 31st July 2019

76,617

At 31st July 2018

82,511

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade debtors

28,558

18,162

Other debtors

6,738

21,038

35,296

39,200

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Bank loans and overdrafts

49,295

65,410

Trade creditors

2,554

14,672

Taxation and social security

56,634

30,424

Other creditors

385,402

578,914

493,885

689,420

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2019

2018

£

£

Bank loans

264,365

311,773

Amounts falling due in more than five years:

Repayable by instalments

Loan over 5 years

46,694

102,463

7.

RESERVES

Revaluation

reserve

£

At 1st August 2018

and 31st July 2019

103,993

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.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31st July 2019 set out on pages three to eight and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Draycott & Kirk

Chartered Accountants

Cleveland House

92 Westgate

Guisborough

Cleveland

TS14 6AP

5th March 2020