Alvediston Stud Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 05550202 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2014

FOR

ALVEDISTON STUD LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

A D Wardall

SECRETARY:

Mrs R E Wardall

REGISTERED OFFICE:

Manor Farm Stud

Alvediston

Salisbury

SP5 5JY

REGISTERED NUMBER:

05550202 (England and Wales)

ACCOUNTANTS:

Fawcetts

Chartered Accountants

Windover House

St. Ann Street

Salisbury

SP1 2DR

FIXED ASSETS

Tangible assets

2

39,377

33,767

Investments

3

100

100

39,477

33,867

CURRENT ASSETS

Stocks

169,360

264,764

Debtors

1,043,822

231,464

Cash at bank

1,035

5,492

1,214,217

501,720

CREDITORS

Amounts falling due within one year

1,127,298

645,051

NET CURRENT ASSETS/(LIABILITIES)

86,919

(143,331

)

TOTAL ASSETS LESS CURRENT LIABILITIES

126,396

(109,464

)

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and loss account

126,296

(109,564

)

SHAREHOLDERS' FUNDS

126,396

(109,464

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 8 September 2015 and were signed by:

A D Wardall - Director

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 livestock and services excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

15% on reducing balance

Office equipment

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Expenditure on fixed assets is capitalised except for expenditure incurred on the replacement of assets of low

value with short life. Repair, renovation and replacement expenditure is written off as expenditure in the profit

and loss account. The cost of fixed assets is their purchase costs, together with any incidental costs of

acquisition.

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

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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2014

88,293

Additions

12,630

At 31 December 2014

100,923

DEPRECIATION

At 1 January 2014

54,526

Charge for year

7,020

At 31 December 2014

61,546

NET BOOK VALUE

At 31 December 2014

39,377

At 31 December 2013

33,767

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 January 2014

and 31 December 2014

100

NET BOOK VALUE

At 31 December 2014

100

At 31 December 2013

100

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

100

Ordinary

£1

100

100