Abbreviated Company Accounts - NINEWELLS FARMS LIMITED

NINEWELLS FARMS LIMITED - Company Information

Registered Number SC145405

NINEWELLS FARMS LIMITED

Abbreviated Accounts

31 March 2015

NINEWELLS FARMS LIMITED Registered Number SC145405

Abbreviated Balance Sheet as at 31 March 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	3,760,195	3,756,078
		3,760,195	3,756,078
Current assets
Stocks		190,144	200,752
Debtors		4,818,046	363,370
Cash at bank and in hand		732	595
		5,008,922	564,717
Creditors: amounts falling due within one year		(820,013)	(686,888)
Net current assets (liabilities)		4,188,909	(122,171)
Total assets less current liabilities		7,949,104	3,633,907
Creditors: amounts falling due after more than one year		(5,550,925)	(1,259,165)
Provisions for liabilities		(65,247)	(63,838)
Total net assets (liabilities)		2,332,932	2,310,904
Capital and reserves
Called up share capital		100,000	100,000
Share premium account		559,044	559,044
Profit and loss account		1,673,888	1,651,860
Shareholders' funds		2,332,932	2,310,904

For the year ending 31 March 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 15 December 2015

And signed on their behalf by:
Mr. David Willis, Director
Mrs Shirley Willis, Director

NINEWELLS FARMS LIMITED Registered Number SC145405

Notes to the Abbreviated Accounts for the period ended 31 March 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements have been prepared under the historical cost convention and in accordance with the Companies Act 2006 and the Financial Reporting Standard for Small Entities (effective April 2008).

Turnover policy
Turnover comprises the invoice value of goods and services supplied by the company, exclusive of trade discounts and value added tax.

Tangible assets depreciation policy
Land and buildings freehold - 4% Straight Line
Plant and machinery - 15% Straight Line
Field Implements - 10% Straight Line

2Tangible fixed assets

	£
Cost
At 1 April 2014	3,885,489
Additions	88,201
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2015	3,973,690
Depreciation
At 1 April 2014	129,411
Charge for the year	84,084
On disposals	-
At 31 March 2015	213,495
Net book values
At 31 March 2015	3,760,195
At 31 March 2014	3,756,078