Day House Farms Limited - Period Ending 2014-09-30

Registration number: 08103760

Day House Farms Limited
 
  Unaudited Abbreviated Accounts
 
  for the year ended 30 September 2014
 

Day House Farms Limited
Contents

Abbreviated Balance Sheet 1 to 2

Notes to the Abbreviated Accounts 3 to 4

Day House Farms Limited
(Registration number: 08103760)
Abbreviated Balance Sheet at 30 September 2014

		Note			30 September 2014						30 September 2013
	£			£			£			£
Fixed assets
Intangible fixed assets								10,389						-
Tangible fixed assets								21,441						65
								31,830						65
Current assets
Stocks					9,650						-
Debtors					2,740						3,619
Cash at bank and in hand					5,718						19,980
					18,108						23,599
Creditors: Amounts falling due within one year					(48,006)						(19,524)
Net current (liabilities)/assets								(29,898)						4,075
Total assets less current liabilities								1,932						4,140
Provisions for liabilities								-						(13)
Net assets								1,932						4,127
Capital and reserves
Called up share capital		3			800						800
Profit and loss account					1,132						3,327
Shareholders' funds								1,932						4,127

Page 1

Day House Farms Limited
(Registration number: 08103760)
Abbreviated Balance Sheet at 30 September 2014

For the year ended 30 September 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the Board on 26 June 2015 and signed on its behalf by:

.........................................
Mr J C Horton
Director

Page 2

Day House Farms Limited
Notes to the Abbreviated Accounts for the year Ended 30 September 2014

1	Accounting policies

Basis of preparation

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).

The accounts do not include a cash flow statement because the company, as a small reporting entity, is exempt from the requirements to prepare such a statement.

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Amortisation

Amortisation is provided on intangible fixed assets so as to write off the cost, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Amortisation method and rate
Single/Basic payment entitlements	straight line to 2020

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Plant and machinery	15% reducing balance
Buildings	10% per annum straight line

Stock

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

Page 3

Day House Farms Limited
Notes to the Abbreviated Accounts for the year Ended 30 September 2014

2	Fixed assets

		Intangible assets £			Tangible assets £			Total £
Cost
At 1 October 2013		-			77			77
Additions		20,090			23,898			43,988
Disposals		(8,285)			-			(8,285)
At 30 September 2014		11,805			23,975			35,780
Depreciation
At 1 October 2013		-			12			12
Charge for the year		1,416			2,522			3,938
At 30 September 2014		1,416			2,534			3,950
Net book value
At 30 September 2014		10,389			21,441			31,830
At 30 September 2013		-			65			65

3	Share capital

Allotted, called up and fully paid shares

	30 September 2014						30 September 2013
		No.			£			No.			£
Ordinary A of £1 each		100			100			100			100
Ordinary B of £1 each		310			310			310			310
Ordinary C of £1 each		310			310			310			310
Ordinary D of £1 each		40			40			40			40
Ordinary E of £1 each		40			40			40			40
		800			800			800			800

Page 4