Brian L Burton (Farms) Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 02087026 (England and Wales)

BRIAN L BURTON (FARMS) LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2015

Page

Company Information

1

Abbreviated Balance Sheet

2

to

3

Notes to the Abbreviated Accounts

4

to

6

Chartered Accountants' Report

7

DIRECTOR:

B L Burton

SECRETARY:

Mrs S L Burton

REGISTERED OFFICE:

26 Park Road

Melton Mowbray

Leicestershire

LE13 1TT

REGISTERED NUMBER:

02087026 (England and Wales)

ACCOUNTANTS:

Duncan & Toplis Limited

26 Park Road

Melton Mowbray

Leicestershire

LE13 1TT

FIXED ASSETS

Intangible assets

2

-

3,276

Tangible assets

3

3,891,979

3,861,193

Investments

4

12

12

3,891,991

3,864,481

CURRENT ASSETS

Valuation

216,230

173,990

Debtors

104,625

115,945

Cash at bank

191,741

169,138

512,596

459,073

CREDITORS

Amounts falling due within one year

5

464,990

448,457

NET CURRENT ASSETS

47,606

10,616

TOTAL ASSETS LESS CURRENT LIABILITIES

3,939,597

3,875,097

CREDITORS

Amounts falling due after more than one year

5

(1,379,041

)

(1,679,502

)

PROVISIONS FOR LIABILITIES

(72,197

)

(61,827

)

NET ASSETS

2,488,359

2,133,768

CAPITAL AND RESERVES

Called up share capital

6

100

100

Profit and loss account

2,488,259

2,133,668

SHAREHOLDERS' FUNDS

2,488,359

2,133,768

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 director acknowledges his 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 director on 23 December 2015 and were signed by:

B L Burton - 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 produce, livestock and contracting services, excluding VAT. Sales of

produce are recognised upon dispatch, sales of livestock are recognised on date of sale at market and

contracting income is recognised on completion of the service.

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

-

Nil

Plant and machinery

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

No depreciation has been provided for freehold property. It is the Company's policy to maintain such property

in a continued state of sound repair. The director considers that the lives of the Company's freehold property

and their residual values are such that depreciation is not significant.

Stocks

Valuations are valued at the lower of cost and net realisable value, after making allowance for 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

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.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

3,276

Disposals

(3,276

)

At 31 March 2015

-

NET BOOK VALUE

At 31 March 2015

-

At 31 March 2014

3,276

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

4,490,022

Additions

175,998

Disposals

(141,450

)

At 31 March 2015

4,524,570

DEPRECIATION

At 1 April 2014

628,829

Charge for year

91,310

Eliminated on disposal

(87,548

)

At 31 March 2015

632,591

NET BOOK VALUE

At 31 March 2015

3,891,979

At 31 March 2014

3,861,193

4.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 April 2014

and 31 March 2015

12

NET BOOK VALUE

At 31 March 2015

12

At 31 March 2014

12

5.

CREDITORS

Creditors include an amount of £ 1,475,038 (2014 - £ 1,775,499 ) for which security has been given.

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

2015

2014

£

£

Repayable by instalments

995,053

1,295,514

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

100

Ordinary

£1

100

100

The following reproduces the text of the report prepared for the director in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to six) have

been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Brian L Burton (Farms) Limited for the year ended 31 March 2015 which comprise the Profit

and Loss Account, 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 (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the director of Brian L Burton (Farms) Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Brian L Burton (Farms) Limited and state those matters that we have agreed to state to the director of Brian L Burton (Farms) Limited 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 the company and its director for our work or for this report.

It is your duty to ensure that Brian L Burton (Farms) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Brian L Burton (Farms) Limited. You consider that Brian L Burton (Farms) 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 financial statements of Brian L Burton (Farms)

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 statutory financial

statements.

Duncan & Toplis Limited

26 Park Road

Melton Mowbray

Leicestershire

LE13 1TT

23 December 2015