General Information
Nursery Farm Kennels Ltd is a private company, limited by shares, registered in England and Wales, registration number 06395352, registration address Nursery Farm, Knowsley Lane, Knowsley , Merseyside, L34 7HE
The presentation currency is £ sterling.
| 1. |
Accounting policies
Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared on the going concern basis and under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the income statement over the expected useful life of the assets. Grants received towards revenue expenditure are released to the income statement as the related expenditure is incurred.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
| Plant and Machinery |
15% Reducing Balance
|
| Fixtures and Fittings |
15% 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. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
|
| 2. |
Average number of employees
Average number of employees during the year was 1 (2020 : 2).
|
| 3. |
Tangible fixed assets
| Cost or valuation |
Plant and Machinery |
|
Fixtures and Fittings |
|
Total |
| |
£ |
|
£ |
|
£ |
| At 01 October 2020 |
4,195 |
|
10,204 |
|
14,399 |
| Additions |
50 |
|
1,572 |
|
1,622 |
| Disposals |
- |
|
- |
|
- |
| At 30 September 2021 |
4,245 |
|
11,776 |
|
16,021 |
| Depreciation |
| At 01 October 2020 |
2,449 |
|
6,659 |
|
9,108 |
| Charge for year |
269 |
|
753 |
|
1,022 |
| On disposals |
- |
|
- |
|
- |
| At 30 September 2021 |
2,718 |
|
7,412 |
|
10,130 |
| Net book values |
| Closing balance as at 30 September 2021 |
1,527 |
|
4,364 |
|
5,891 |
| Opening balance as at 01 October 2020 |
1,746 |
|
3,545 |
|
5,291 |
|
| 4. |
Stocks
|
2021
£ |
|
2020
£ |
| Work in Progress |
510 |
|
535 |
|
510 |
|
535 |
|
| 5. |
Debtors: amounts falling due within one year
|
2021
£ |
|
2020
£ |
| Prepayments & Accrued Income |
382 |
|
0 |
| Other Debtors |
33,835 |
|
54,567 |
|
34,217 |
|
54,567 |
|
| 5. |
Debtors: amounts falling due after one year
|
2021
£ |
|
2020
£ |
| Prepayments |
0 |
|
292 |
|
0 |
|
292 |
|
| 6. |
Creditors: amount falling due within one year
|
2021
£ |
|
2020
£ |
| Trade Creditors |
240 |
|
0 |
| Bank Loans & Overdrafts |
1,000 |
|
10,000 |
| Corporation Tax |
2,510 |
|
6,365 |
| Accrued Expenses |
1,508 |
|
788 |
| Other Creditors |
2 |
|
(1) |
| Directors' Current Accounts |
33 |
|
1,430 |
|
5,293 |
|
18,582 |
|
| 7. |
Creditors: amount falling due after more than one year
|
2021
£ |
|
2020
£ |
| Bank Loans & Overdrafts |
8,666 |
|
0 |
|
8,666 |
|
0 |
|
| 8. |
Share Capital
Allotted, called up and fully paid
|
2021
£ |
|
2020
£ |
|
1
ORD share of £1.00 each |
1 |
|
1 |
|
1 |
|
1 |
|
3
|
