Anchor Nurseries Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 00621155 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2014

FOR

ANCHOR NURSERIES LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

T Broekhuizen

S M Broekhuizen

SECRETARY:

S M Broekhuizen

REGISTERED OFFICE:

Thearne Lane

Woodmansey

Beverley

East Yorkshire

HU17 0SA

REGISTERED NUMBER:

00621155 (England and Wales)

ACCOUNTANTS:

Sowerby FRS LLP

Chartered Accountants

Beckside Court

Annie Reed Road

Beverley

East Yorkshire

HU17 0LF

FIXED ASSETS

Tangible assets

2

1,089,254

1,067,262

Investments

3

281,345

181,345

1,370,599

1,248,607

CURRENT ASSETS

Stocks

52,939

58,386

Debtors

104,419

94,568

Cash at bank and in hand

391,035

358,153

548,393

511,107

CREDITORS

Amounts falling due within one year

303,929

233,440

NET CURRENT ASSETS

244,464

277,667

TOTAL ASSETS LESS CURRENT LIABILITIES

1,615,063

1,526,274

PROVISIONS FOR LIABILITIES

78,982

86,088

NET ASSETS

1,536,081

1,440,186

CAPITAL AND RESERVES

Called up share capital

4

1,000

1,000

Capital redemption reserve

120,000

120,000

Profit and loss account

1,415,081

1,319,186

SHAREHOLDERS' FUNDS

1,536,081

1,440,186

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 directors acknowledge their 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 Board of Directors on 9 June 2015 and were signed on its behalf by:

T Broekhuizen - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

Having regard to liquidity risk, current market conditions and other factors affecting the company, the use of the

going concern basis of accounting is appropriate as, in the opinion of the directors, there are no material

uncertainties related to events or conditions that may cast significant doubt about the ability of the company to

continue as a going concern.

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.

Land and buildings

-

10% on cost, 5% on cost, 2% on cost and not provided

Plant and machinery etc

-

33% on reducing balance, 30% on cost, 25% on cost, 20% on cost, 10% on cost, 5% on cost, 4% on cost and 2% on cost

Stocks

Stocks and work in progress 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 expenditure and an appropriate proportion of fixed and variable overheads.

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

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

Pension costs and other post-retirement benefits

The company operates defined contribution pension schemes. Contributions payable for the year are charged in

the profit and loss account.

Listed investments

The listed investments are valued at cost. Any profits or losses are realised when investments mature.

Government assistance

Government subsidies are released to the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2014

2,727,254

Additions

115,297

Disposals

(27,000

)

At 31 December 2014

2,815,551

DEPRECIATION

At 1 January 2014

1,659,992

Charge for year

66,305

At 31 December 2014

1,726,297

NET BOOK VALUE

At 31 December 2014

1,089,254

At 31 December 2013

1,067,262

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 January 2014

181,345

Additions

100,000

At 31 December 2014

281,345

NET BOOK VALUE

At 31 December 2014

281,345

At 31 December 2013

181,345

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Growers CHP (North) Limited

Nature of business: Production of Electricity

%

Class of shares:

holding

Ordinary

22.79

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

1,000

Ordinary

£1

1,000

1,000

5.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

6.	ULTIMATE CONTROLLING PARTY

The company is under the control of T Broekhuizen, a director, through his beneficial interest in 100% of the

issued ordinary share capital.