Hirst (Farmers) Limited - Abbreviated accounts

HIRST (FARMERS) LIMITED - Company Information

Registered number

03748624

Hirst (Farmers) Limited

Abbreviated Accounts

5 April 2015

Hirst (Farmers) Limited

Chartered Accountants' report to the board of directors on the preparation of the unaudited abbreviated accounts of Hirst (Farmers) Limited for the year ended 5 April 2015
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abbreviated accounts of Hirst (Farmers) Limited for the year ended 5 April 2015 which comprise of the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
This report is made solely to the Board of Directors of Hirst (Farmers) Limited, as a body, in accordance with the terms of our engagement letter dated 25 November 2010. Our work has been undertaken solely to prepare for your approval the accounts of Hirst (Farmers) Limited and state those matters that we have agreed to state to the Board of Directors of Hirst (Farmers) Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Hirst (Farmers) Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Hirst (Farmers) Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Hirst (Farmers) Limited. You consider that Hirst (Farmers) Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Hirst (Farmers) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the abbreviated accounts.

Laverick Walton & Co
Chartered Accountants
A1 Marquis Court
Team Valley
Gateshead
Tyne & Wear
NE11 0RU

3 December 2015

Hirst (Farmers) Limited
Registered number:		03748624
Abbreviated Balance Sheet
as at 5 April 2015

Notes			2015			2014
£				£
Fixed assets
Tangible assets	2		252,716			203,820

Current assets
Stocks		25,934			80,091
Debtors		168,414			69,673
Cash at bank and in hand		404,147			577,647
		598,495			727,411

Creditors: amounts falling due within one year		(89,671)			(90,527)

Net current assets			508,824			636,884

Total assets less current liabilities			761,540			840,704


Provisions for liabilities			(43,029)			(38,898)


Net assets			718,511			801,806

Capital and reserves
Called up share capital	3		3			3
Profit and loss account			718,508			801,803

Shareholders' funds			718,511			801,806

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.



Mr G Hirst
Director
Approved by the board on 3 December 2015

Hirst (Farmers) Limited
Notes to the Abbreviated Accounts
for the year ended 5 April 2015

1	Accounting policies

	Basis of preparation
	The accounts 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 the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

	Depreciation
	Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

	Property improvements			20% straight line
	Plant and machinery			25% reducing balance
	Motor vehicles			25% reducing balance

	Stocks
	Stock is valued at the lower of cost and net realisable value.

	Deferred taxation
	Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.

	Foreign currencies
	Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account.

	Pensions
	The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.


2	Tangible fixed assets					£

	Cost
	At 6 April 2014					733,798
	Additions					156,033
	Disposals					(61,200)
	At 5 April 2015					828,631

	Depreciation
	At 6 April 2014					529,978
	Charge for the year					74,863
	On disposals					(28,926)
	At 5 April 2015					575,915

	Net book value
	At 5 April 2015					252,716
	At 5 April 2014					203,820


3	Share capital	Nominal		2015		2015		2014
value			Number		£		£
	Allotted, called up and fully paid:
	Ordinary shares	£0.01 each		300		3		3