Sudlow Fruit Farm Limited - Accounts to registrar (filleted) - small 18.2
Sudlow Fruit Farm Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 29 November 2019 |
| for |
| Sudlow Fruit Farm Limited |
| Sudlow Fruit Farm Limited (Registered number: 09320834) |
| Contents of the Financial Statements |
| for the Year Ended 29 November 2019 |
| Page |
| Balance Sheet | 1 |
| Notes to the Financial Statements | 3 |
| Sudlow Fruit Farm Limited (Registered number: 09320834) |
| Balance Sheet |
| 29 November 2019 |
| 2019 | 2018 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT (LIABILITIES)/ASSETS | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
7 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET (LIABILITIES)/ASSETS | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital |
| 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. |
| Sudlow Fruit Farm Limited (Registered number: 09320834) |
| Balance Sheet - continued |
| 29 November 2019 |
| In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered. |
| The financial statements were approved by the Board of Directors and authorised for issue on were signed on its behalf by: |
| Sudlow Fruit Farm Limited (Registered number: 09320834) |
| Notes to the Financial Statements |
| for the Year Ended 29 November 2019 |
| 1. | STATUTORY INFORMATION |
| Sudlow Fruit Farm Limited is a |
| company's registered number and registered office address are as below: |
| Registered number: | 09320834 |
| Registered office: | The Grange |
| Moss Lane |
| Ollerton |
| Knutsford |
| Cheshire |
| WA16 8SH |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| After making enquiries, the directors have a reasonable expectation that the company has adequate resources |
| to continue in operational existence for the foreseeable future, being the 12 month period from the date of |
| these accounts being approved, given the impact of the Coronavirus upon the economy and therefore the |
| financial statements have been prepared on a going concern basis. |
| Turnover |
| Revenue is recognised as the company becomes entitled to consideration for the goods supplied. |
| Tangible fixed assets |
| Plant and machinery | - |
| Motor vehicles | - |
| 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 Profit and Loss Account, |
| 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. |
| Sudlow Fruit Farm Limited (Registered number: 09320834) |
| Notes to the Financial Statements - continued |
| for the Year Ended 29 November 2019 |
| 2. | ACCOUNTING POLICIES - continued |
| 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. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | TANGIBLE FIXED ASSETS |
| Plant and | Motor |
| machinery | vehicles | Totals |
| £ | £ | £ |
| COST |
| At 30 November 2018 |
| and 29 November 2019 |
| DEPRECIATION |
| At 30 November 2018 |
| Charge for year |
| At 29 November 2019 |
| NET BOOK VALUE |
| At 29 November 2019 |
| At 29 November 2018 |
| Sudlow Fruit Farm Limited (Registered number: 09320834) |
| Notes to the Financial Statements - continued |
| for the Year Ended 29 November 2019 |
| 4. | TANGIBLE FIXED ASSETS - continued |
| Fixed assets, included in the above, which are held under hire purchase contracts are as follows: |
| Motor |
| vehicles |
| £ |
| COST |
| At 30 November 2018 |
| and 29 November 2019 |
| DEPRECIATION |
| At 30 November 2018 |
| Charge for year |
| At 29 November 2019 |
| NET BOOK VALUE |
| At 29 November 2019 |
| At 29 November 2018 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2019 | 2018 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2019 | 2018 |
| £ | £ |
| Hire purchase contracts |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2019 | 2018 |
| £ | £ |
| Hire purchase contracts |
| Sudlow Fruit Farm Limited (Registered number: 09320834) |
| Notes to the Financial Statements - continued |
| for the Year Ended 29 November 2019 |
| 8. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 2019 | 2018 |
| £ | £ |
| Hire purchase contracts | 63,611 | 105,817 |
| The obligations under hire purchase contracts are secured against the asset to which they relate. |