R Cook & son farmers Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08098785 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2020

for

R Cook & son farmers Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R Cook

M Cook

SECRETARY:

R Cook

REGISTERED OFFICE:

Drybrook farm

Whitwick

Coalville

Leics

REGISTERED NUMBER:

08098785 (England and Wales)

ACCOUNTANTS:

Elverstone Large Ltd

Chartered Certified Accountants

Temple Chambers

16a Belvoir Road

Coalville

Leics

LE67 3QE

FIXED ASSETS

Tangible assets

4

87,915

89,525

CURRENT ASSETS

Stocks

101,420

110,913

Debtors

5

11,162

3,414

Cash at bank

12,534

12,841

125,116

127,168

CREDITORS

Amounts falling due within one year

6

115,892

105,354

NET CURRENT ASSETS

9,224

21,814

TOTAL ASSETS LESS CURRENT LIABILITIES

97,139

111,339

CAPITAL AND RESERVES

Called up share capital

100

100

Other reserves

100,000

100,000

Retained earnings

(2,961

)

11,239

SHAREHOLDERS' FUNDS

97,139

111,339

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2020 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 and authorised for issue on 25 September 2020 and were signed on its behalf by:

R Cook - Director

1.	STATUTORY INFORMATION

R Cook & son farmers 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.

Plant & machinery 15% reducing balance.

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value,

after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport,

and handling costs in bringing stocks to their present location and condition.

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 2 (2019 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 April 2019

65,470

34,339

99,809

Additions

-

380

380

At 31 March 2020

65,470

34,719

100,189

DEPRECIATION

At 1 April 2019

-

10,284

10,284

Charge for year

-

1,990

1,990

At 31 March 2020

-

12,274

12,274

NET BOOK VALUE

At 31 March 2020

65,470

22,445

87,915

At 31 March 2019

65,470

24,055

89,525

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Trade debtors

5,000

-

Other debtors

6,162

3,414

11,162

3,414

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Trade creditors

12,082

4,450

Other creditors

103,810

100,904

115,892

105,354