Broomer Farm Trading Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 01007863 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 March 2015

for

BROOMER FARM TRADING LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

D A Finnamore

Mrs D Finnamore

Miss E H Finnamore

Miss K A Finnamore

SECRETARY:

D A Finnamore

REGISTERED OFFICE:

The Granary

Brewer Street

Bletchingley

Surrey

RH1 4QP

REGISTERED NUMBER:

01007863 (England and Wales)

ACCOUNTANTS:

Lees Chartered Accountants

The Granary

Brewer Street

Bletchingley

Surrey

RH1 4QP

BANKERS:

Nat West

5 East Street

Chichester

West Sussex

PO19 1HH

SOLICITORS:

Blake Lapthorn

21 Cumberland Place

Southampton

Hampshire

SO15 2BB

FIXED ASSETS

Tangible assets

2

6,175,053

3,511,170

CURRENT ASSETS

Stocks

57,005

64,086

Debtors

136,178

81,397

Cash at bank and in hand

75,741

253,124

268,924

398,607

CREDITORS

Amounts falling due within one year

904,462

508,601

NET CURRENT LIABILITIES

(635,538

)

(109,994

)

TOTAL ASSETS LESS CURRENT LIABILITIES

5,539,515

3,401,176

CREDITORS

Amounts falling due after more than one year

3

2,091,124

628,020

NET ASSETS

3,448,391

2,773,156

CAPITAL AND RESERVES

Called up share capital

4

71,250

71,250

Revaluation reserve

1,923,907

1,450,888

Profit and loss account

1,453,234

1,251,018

SHAREHOLDERS' FUNDS

3,448,391

2,773,156

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2015 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 28 October 2015 and were signed on its behalf by:

D A Finnamore - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain

assets 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.

Long leasehold

-

in accordance with the property

Plant and machinery

-

25% on cost

Fixtures and fittings

-

25% on cost

Motor vehicles

-

25% on cost

Caravans

-

33% on cost

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

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 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 OR VALUATION

At 1 April 2014

3,760,770

Additions

2,241,350

Disposals

(8,833

)

Revaluations

473,019

At 31 March 2015

6,466,306

DEPRECIATION

At 1 April 2014

249,600

Charge for year

44,528

Eliminated on disposal

(2,875

)

At 31 March 2015

291,253

NET BOOK VALUE

At 31 March 2015

6,175,053

At 31 March 2014

3,511,170

3.

CREDITORS

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

31.3.15

31.3.14

£

£

Repayable by instalments

1,740,935

628,020

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.15

31.3.14

value:

£

£

71,250

Ordinary

£1

71,250

71,250