R.H.J. Croxton and Son (Farms) Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 01243269 (England and Wales)

R.H.J. CROXTON AND SON (FARMS) LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 5 APRIL 2015

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

J H Croxton

Mrs H V Croxton

T H J Croxton

SECRETARY:

Mrs H V Croxton

REGISTERED OFFICE:

West Lodge

Rainbow Street

Leominster

Herefordshire

HR6 8DQ

REGISTERED NUMBER:

01243269 (England and Wales)

ACCOUNTANTS:

Davies Edwards & Co

Chartered Certified Accountants

West Lodge

Rainbow Street

Leominster

Herefordshire

HR6 8DQ

FIXED ASSETS

Tangible assets

2

110,252

115,562

CURRENT ASSETS

Stocks

306,709

304,149

Debtors

4,737

11,328

Cash at bank

3

3

311,449

315,480

CREDITORS

Amounts falling due within one year

235,757

254,635

NET CURRENT ASSETS

75,692

60,845

TOTAL ASSETS LESS CURRENT LIABILITIES

185,944

176,407

CREDITORS

Amounts falling due after more than one year

59,580

59,580

NET ASSETS

126,364

116,827

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

126,264

116,727

SHAREHOLDERS' FUNDS

126,364

116,827

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

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

J H Croxton - 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Improvements, fixtures and fittings

-

10% on reducing balance

Plant and Machinery

-

10% on reducing balance

Tractors

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Office 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

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

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 6 April 2014

365,588

Additions

9,450

At 5 April 2015

375,038

DEPRECIATION

At 6 April 2014

250,026

Charge for year

14,760

At 5 April 2015

264,786

NET BOOK VALUE

At 5 April 2015

110,252

At 5 April 2014

115,562

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

100

Ordinary

£1

100

100

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES