R H Taylor (Perreton) Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 00386625 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 5TH APRIL 2015

FOR

R H TAYLOR (PERRETON) LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

A E R U Taylor

SECRETARY:

Mrs P E Taylor

REGISTERED OFFICE:

Perreton Farm

Arreton

Isle of Wight

PO30 3DL

REGISTERED NUMBER:

00386625 (England and Wales)

ACCOUNTANTS:

Harrison Black Limited

Pyle House

136/137 Pyle Street

Newport

Isle of Wight

PO30 1JW

FIXED ASSETS

Tangible assets

2

897,309

824,295

Investments

3

338

338

897,647

824,633

CURRENT ASSETS

Stocks

7,500

7,500

Debtors

4,762

11,141

Cash at bank

37,585

-

49,847

18,641

CREDITORS

Amounts falling due within one year

4

463,621

457,903

NET CURRENT LIABILITIES

(413,774

)

(439,262

)

TOTAL ASSETS LESS CURRENT LIABILITIES

483,873

385,371

CREDITORS

Amounts falling due after more than one year

4

316,813

215,132

NET ASSETS

167,060

170,239

CAPITAL AND RESERVES

Called up share capital

5

1,633

1,633

Other reserves

3,367

3,367

Profit and loss account

162,060

165,239

SHAREHOLDERS' FUNDS

167,060

170,239

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5th April 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 5th April 2015 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 9th September 2015 and were signed by:

A E R U Taylor - 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 goods, 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.

Farm Buildings

-

at variable rates on reducing balance

Plant & machinery

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the

company's pension scheme are charged to the profit and loss account in the period to which they

relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 6th April 2014

952,901

Additions

89,649

At 5th April 2015

1,042,550

DEPRECIATION

At 6th April 2014

128,606

Charge for year

16,635

At 5th April 2015

145,241

NET BOOK VALUE

At 5th April 2015

897,309

At 5th April 2014

824,295

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 6th April 2014

and 5th April 2015

338

NET BOOK VALUE

At 5th April 2015

338

At 5th April 2014

338

4.

CREDITORS

Creditors include an amount of £ 355,184 (2014 - £ 233,144 ) for which security has been given.

They also include the following debts falling due in more than five years:

2015

2014

£

£

Repayable by instalments

115,739

45,514

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

1,633

Ordinary

£1

1,633

1,633

6.	ULTIMATE CONTROLLING PARTY