F V Pigs Limited - Accounts to registrar (filleted) - small 18.2

F V Pigs Limited - Accounts to registrar (filleted) - small 18.2

F V PIGS LIMITED - Company Information

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IRIS Accounts Production v22.1.4.3 08695796 director 1.4.21 31.3.22 31.3.22 0 0 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure086957962021-03-31086957962022-03-31086957962021-04-012022-03-31086957962020-03-31086957962020-04-012021-03-31086957962021-03-3108695796ns16:EnglandWales2021-04-012022-03-3108695796ns15:PoundSterling2021-04-012022-03-3108695796ns11:Director12021-04-012022-03-3108695796ns11:PrivateLimitedCompanyLtd2021-04-012022-03-3108695796ns11:SmallEntities2021-04-012022-03-3108695796ns11:AuditExempt-NoAccountantsReport2021-04-012022-03-3108695796ns11:SmallCompaniesRegimeForDirectorsReport2021-04-012022-03-3108695796ns11:SmallCompaniesRegimeForAccounts2021-04-012022-03-3108695796ns11:FullAccounts2021-04-012022-03-3108695796ns11:CompanySecretary12021-04-012022-03-3108695796ns11:RegisteredOffice2021-04-012022-03-3108695796ns6:CurrentFinancialInstruments2022-03-3108695796ns6:CurrentFinancialInstruments2021-03-3108695796ns6:ShareCapital2022-03-3108695796ns6:ShareCapital2021-03-3108695796ns6:RetainedEarningsAccumulatedLosses2022-03-3108695796ns6:RetainedEarningsAccumulatedLosses2021-03-3108695796ns6:PlantMachinery2021-04-012022-03-3108695796ns6:PlantMachinery2021-03-3108695796ns6:PlantMachinery2022-03-3108695796ns6:PlantMachinery2021-03-3108695796ns6:WithinOneYearns6:CurrentFinancialInstruments2022-03-3108695796ns6:WithinOneYearns6:CurrentFinancialInstruments2021-03-3108695796ns6:RetainedEarningsAccumulatedLosses2021-03-3108695796ns6:RetainedEarningsAccumulatedLosses2021-04-012022-03-31
REGISTERED NUMBER: 08695796 (England and Wales)


Unaudited Financial Statements for the Year Ended 31 March 2022

for

F V Pigs Limited
F V Pigs Limited (Registered number: 08695796)






Contents of the Financial Statements
for the Year Ended 31 March 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


F V Pigs Limited

Company Information
for the Year Ended 31 March 2022







DIRECTOR: C F Gibbon





SECRETARY: Mrs F E Gibbon





REGISTERED OFFICE: Forcett Valley
Forcett
Richmond
North Yorkshire
DL11 7SJ





REGISTERED NUMBER: 08695796 (England and Wales)





ACCOUNTANTS: Addison & Co
Ebor House
91 Galgate
Barnard Castle
Co Durham
DL12 8ES
Page 1
F V Pigs Limited (Registered number: 08695796)

Balance Sheet
31 March 2022

31.3.22 31.3.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 39,930 37,678

CURRENT ASSETS
Stocks 607,634 443,813
Debtors 5 151,984 123,265
Cash at bank 23,995 101,730
783,613 668,808
CREDITORS
Amounts falling due within one year 6 483,634 358,957
NET CURRENT ASSETS 299,979 309,851
TOTAL ASSETS LESS CURRENT
LIABILITIES
339,909
347,529

PROVISIONS FOR LIABILITIES 7,587 7,159
NET ASSETS 332,322 340,370

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 8 332,321 340,369
SHAREHOLDERS' FUNDS 332,322 340,370

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 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 notes form part of these financial statements

Page 2 continued...
F V Pigs Limited (Registered number: 08695796)

Balance Sheet - continued
31 March 2022


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 director and authorised for issue on 8 August 2022 and were signed by:





C F Gibbon - Director


The notes form part of these financial statements

Page 3
F V Pigs Limited (Registered number: 08695796)

Notes to the Financial Statements
for the Year Ended 31 March 2022

1. STATUTORY INFORMATION

F V Pigs Limited 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 and machinery - 15% 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
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 NIL (2021 - NIL).

Page 4 continued...
F V Pigs Limited (Registered number: 08695796)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 April 2021 46,840
Additions 9,298
At 31 March 2022 56,138
DEPRECIATION
At 1 April 2021 9,162
Charge for year 7,046
At 31 March 2022 16,208
NET BOOK VALUE
At 31 March 2022 39,930
At 31 March 2021 37,678

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22 31.3.21
£    £   
Trade debtors 121,061 98,498
Tax 5,872 -
VAT 25,051 24,767
151,984 123,265

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22 31.3.21
£    £   
Trade creditors 241,162 118,666
Tax - 2,357
Directors' current accounts 242,472 237,934
483,634 358,957

7. SECURED DEBTS

Lloyds Bank Plc holds debentures dated 30 August 2018 over the company's assets.

Page 5 continued...
F V Pigs Limited (Registered number: 08695796)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

8. RESERVES
Retained
earnings
£   

At 1 April 2021 340,369
Deficit for the year (6,048 )
Dividends (2,000 )
At 31 March 2022 332,321

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the year the company paid £180,000 (2021 £189,000) to the business owned by the director for haulage, contract and hire, £440,438 (2021 £264,313) for feed and £35,459 (2021 £35,835) for heat and light and power. All transactions were carried out at market value.

From 1 May 2018 the company occupied land owned by the director paying a rent in the year of £18,000 (2021 £18,000).

10. OPERATING LEASE

From 1 May 2018 the company occupied land at Forcett Valley Farm and Whitton Three Gates under 5 year FBTs at rents of £12,000 and £6,000 pa respectively.

Page 6