Yew Lane Poultry Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04230894 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 June 2021

for

Yew Lane Poultry Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

Directors:

Mrs P Egerton

Mrs J M Philip

J N Egerton

Secretary:

J N Egerton

Registered office:

Bigglestone Farm

Much Birch

Hereford

HR2 8HX

Registered number:

04230894 (England and Wales)

Accountants:

Acre Accountancy Limited

Unit 2 Foley Works

Foley Industrial Estate

Hereford

Herefordshire

HR1 2SF

FIXED ASSETS

Tangible assets

4

1,484,155

1,619,589

CURRENT ASSETS

Debtors

133,790

14,450

Cash at bank

571,691

527,472

705,481

541,922

CREDITORS

Amounts falling due within one year

(526,991

)

(505,588

)

NET CURRENT ASSETS

178,490

36,334

TOTAL ASSETS LESS CURRENT LIABILITIES

1,662,645

1,655,923

CREDITORS

Amounts falling due after more than one year

(72,533

)

(143,933

)

PROVISIONS FOR LIABILITIES

(90,196

)

(104,916

)

NET ASSETS

1,499,916

1,407,074

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

1,498,916

1,406,074

SHAREHOLDERS' FUNDS

1,499,916

1,407,074

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2021 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 financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 June 2021 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 March 2022 and were signed on its behalf by:

Mrs P Egerton - Director

1.	STATUTORY INFORMATION

Yew Lane Poultry 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.

Freehold property

-

4% on cost

Improvements to property

-

10% on reducing balance

Plant and equipment

-

15% on reducing balance

Tractors

-

20% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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.

Financial instruments

Financial instruments are classified and accounted for according to the substance of the contractual arrangement as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the asset after deducting all of its liabilities.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2020 - 1 ).

4.	TANGIBLE FIXED ASSETS

Totals

£

Cost

At 1 July 2020

2,587,640

Disposals

(78,000

)

At 30 June 2021

2,509,640

Depreciation

At 1 July 2020

968,051

Charge for year

125,996

Eliminated on disposal

(68,562

)

At 30 June 2021

1,025,485

Net book value

At 30 June 2021

1,484,155

At 30 June 2020

1,619,589

5.	SECURED DEBTS

The following secured debts are included within creditors:

2021

2020

£

£

Bank loans

143,933

215,333