H J Alston & Sons Limited - Limited company - abbreviated - 11.6

H J Alston & Sons Limited - Limited company - abbreviated - 11.6

H J ALSTON & SONS LIMITED - Company Information

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REGISTERED NUMBER: 02843194 (England and Wales)















Abbreviated Unaudited Accounts for the Year Ended 30 September 2014

for

H J Alston & Sons Limited

H J Alston & Sons Limited (Registered number: 02843194)






Contents of the Abbreviated Accounts
for the year ended 30 September 2014




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

H J Alston & Sons Limited

Company Information
for the year ended 30 September 2014







DIRECTOR: H J Alston





SECRETARY: C Morgan





REGISTERED OFFICE: Billockby Hall
Billockby
GREAT YARMOUTH
Norfolk
NR29 3BE





REGISTERED NUMBER: 02843194 (England and Wales)





ACCOUNTANTS: Argents Chartered Accountants
15 Palace Street
NORWICH
Norfolk
NR3 1RT
Page 1
H J Alston & Sons Limited (Registered number: 02843194)

Abbreviated Balance Sheet
30 September 2014

2014 2013
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 23,991 23,991
Tangible assets 3 192,223 32,321
216,214 56,312

CURRENT ASSETS
Stocks 134,596 122,072
Debtors 738,830 669,388
Cash at bank - 6,807
873,426 798,267
CREDITORS
Amounts falling due within one year 206,281 29,177
NET CURRENT ASSETS 667,145 769,090
TOTAL ASSETS LESS CURRENT
LIABILITIES
883,359
825,402

CAPITAL AND RESERVES
Called up share capital 4 400,000 400,000
Profit and loss account 483,359 425,402
SHAREHOLDERS' FUNDS 883,359 825,402

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 29 May 2015 and were signed by:





H J Alston - Director


The notes form part of these abbreviated accounts

Page 2
H J Alston & Sons Limited (Registered number: 02843194)

Notes to the Abbreviated Accounts
for the year ended 30 September 2014

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 produce, excluding value added tax.

Storage rights
The carrying value of Storage Rights has not been amortised in the financial statements as the amount H J
Alston and Sons Limited would receive in selling these rights would be dependent on market values at the time
of sale. Given current market conditions, there are no indicators that the carrying value in the financial
statements is not unreasonable.

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

Plant and machinery etc - 20% 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.

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.

Eu agricultural support scheme
Payments received under the EU crop support schemes are recognised as income when the business has met
all criteria which entitle it to the payment.

Rental income
The company also receives significant income in respect of rental properties, which is treated as other income.

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 October 2013
and 30 September 2014 23,991
NET BOOK VALUE

At 30 September 2014 23,991
At 30 September 2013 23,991

Page 3 continued...
H J Alston & Sons Limited (Registered number: 02843194)

Notes to the Abbreviated Accounts - continued
for the year ended 30 September 2014

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 October 2013 67,970
Additions 178,250
At 30 September 2014 246,220
DEPRECIATION
At 1 October 2013 35,649
Charge for year 18,348
At 30 September 2014 53,997
NET BOOK VALUE
At 30 September 2014 192,223
At 30 September 2013 32,321

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2014 2013
value: £    £   
400,000 Ordinary £1 400,000 400,000

Page 4