Gonalston Farm Shop Limited - Limited company - abbreviated - 11.6

Gonalston Farm Shop Limited - Limited company - abbreviated - 11.6

GONALSTON FARM SHOP LIMITED - Company Information

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REGISTERED NUMBER: 05556470











ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 JANUARY 2015

FOR

GONALSTON FARM SHOP LIMITED

GONALSTON FARM SHOP LIMITED (REGISTERED NUMBER: 05556470)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 JANUARY 2015




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

GONALSTON FARM SHOP LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2015







DIRECTORS: Mrs G S E Mason
R Mason





SECRETARY: Mrs L Lee





REGISTERED OFFICE: Southwell Road
Gonalston
Nottingham
Nottinghamshire
NG14 7DR





REGISTERED NUMBER: 05556470





ACCOUNTANTS: Lemans
29 Arboretum Street
Nottingham
Nottinghamshire
NG1 4JA
Page 1
GONALSTON FARM SHOP LIMITED (REGISTERED NUMBER: 05556470)

ABBREVIATED BALANCE SHEET
31 JANUARY 2015

31.1.15 31.1.14
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 15,000 30,000
Tangible assets 3 453,346 467,526
468,346 497,526

CURRENT ASSETS
Stocks 78,623 107,493
Debtors 15,033 11,138
Cash at bank and in hand 33,073 17,351
126,729 135,982
CREDITORS
Amounts falling due within one year 4 302,358 361,431
NET CURRENT LIABILITIES (175,629 ) (225,449 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
292,717
272,077

CREDITORS
Amounts falling due after more than one
year
4
(27,869		 )
(66,033		 )

PROVISIONS FOR LIABILITIES (19,981 ) (20,430 )
NET ASSETS 244,867 185,614

CAPITAL AND RESERVES
Called up share capital 5 100 100
Profit and loss account 244,767 185,514
SHAREHOLDERS' FUNDS 244,867 185,614

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2015 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 notes form part of these abbreviated accounts

Page 2 continued...
GONALSTON FARM SHOP LIMITED (REGISTERED NUMBER: 05556470)

ABBREVIATED BALANCE SHEET - continued
31 JANUARY 2015


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 20 May 2015 and were signed on its behalf by:





Mrs G S E Mason - Director


The notes form part of these abbreviated accounts

Page 3
GONALSTON FARM SHOP LIMITED (REGISTERED NUMBER: 05556470)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 JANUARY 2015

1. ACCOUNTING POLICIES

Accounting convention
The financial statements have been prepared under the historical cost convention 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property - 2% on cost
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the
period of the lease.

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 February 2014
and 31 January 2015 150,000
AMORTISATION
At 1 February 2014 120,000
Amortisation for year 15,000
At 31 January 2015 135,000
NET BOOK VALUE

At 31 January 2015 15,000
At 31 January 2014 30,000

Page 4 continued...
GONALSTON FARM SHOP LIMITED (REGISTERED NUMBER: 05556470)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31 JANUARY 2015

3. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 February 2014 385,044 328,445 66,284
Additions 2,970 3,633 6,648
At 31 January 2015 388,014 332,078 72,932
DEPRECIATION
At 1 February 2014 59,704 221,842 40,230
Charge for year 7,701 16,022 3,995
At 31 January 2015 67,405 237,864 44,225
NET BOOK VALUE
At 31 January 2015 320,609 94,214 28,707
At 31 January 2014 325,340 106,603 26,054

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 February 2014 16,050 16,686 812,509
Additions - 2,669 15,920
At 31 January 2015 16,050 19,355 828,429
DEPRECIATION
At 1 February 2014 10,313 12,894 344,983
Charge for year 1,434 948 30,100
At 31 January 2015 11,747 13,842 375,083
NET BOOK VALUE
At 31 January 2015 4,303 5,513 453,346
At 31 January 2014 5,737 3,792 467,526

4. CREDITORS

Creditors include an amount of £ 64,889 (31.1.14 - £ 114,698 ) for which security has been given.

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.15 31.1.14
value: £    £   
100 Ordinary £1 100 100

Page 5