Kirmington Potato Services Limited - Period Ending 2015-06-30
Kirmington Potato Services Limited - Period Ending 2015-06-30
Registration number:
Unaudited
Abbreviated Accounts
FOR THE
Year Ended
Kirmington Potato Services Limited
Contents
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Kirmington Potato Services Limited
(Registration number: 02173152)
Abbreviated Balance Sheet at 30 June 2015
Note |
2015
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2014
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Fixed assets |
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Tangible fixed assets |
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Current assets |
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Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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Net current liabilities |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
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Provisions for liabilities |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Revaluation reserve |
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Profit and loss account |
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Shareholders' funds |
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Approved by the Board on
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R D Arundel
Director
1
Kirmington Potato Services Limited
Notes to the Abbreviated Accounts for the Year Ended 30 June 2015
......... continued
Accounting policies |
Basis of preparation
Exemption from preparing group accounts
Turnover
Depreciation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as detailed below. Freehold buildings are depreciated to write down the cost less estimated residual value over their remaining useful life by equal annual instalments. Where buildings are maintained to such a standard that their residual value in not less than their cost, no depreciation is charged as it is not material.
Asset class |
Depreciation method and rate |
Freehold land |
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Freehold buildings |
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Plant and machinery |
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Fixtures and fittings |
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Motor vehicles |
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Investment properties |
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Investment properties
Stock
Kirmington Potato Services Limited
Notes to the Abbreviated Accounts for the Year Ended 30 June 2015
......... continued
Deferred tax
Foreign currency
Hire purchase and leasing
Pensions
Kirmington Potato Services Limited
Notes to the Abbreviated Accounts for the Year Ended 30 June 2015
......... continued
Fixed assets |
Tangible assets
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Total
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Cost |
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At 1 July 2014 |
4,810,204 |
4,810,204 |
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Revaluations |
(42,872) |
(42,872) |
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Additions |
79,308 |
79,308 |
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Disposals |
(93,133) |
(93,133) |
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At 30 June 2015 |
4,753,507 |
4,753,507 |
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Depreciation |
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At 1 July 2014 |
1,747,361 |
1,747,361 |
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Charge for the year |
169,643 |
169,643 |
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Eliminated on disposals |
(79,686) |
(79,686) |
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Writeback to recoverable amount |
(220,470) |
(220,470) |
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At 30 June 2015 |
1,616,848 |
1,616,848 |
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Net book value |
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At 30 June 2015 |
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At 30 June 2014 |
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Creditors |
Creditors includes the following liabilities, on which security has been given by the company:
2015
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2014
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Amounts falling due within one year |
402,929 |
453,589 |
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Amounts falling due after more than one year |
336,609 |
122,882 |
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Total secured creditors |
739,538 |
576,471 |
Included in the creditors are the following amounts due after more than five years:
2015
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2014
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After more than five years by instalments |
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Kirmington Potato Services Limited
Notes to the Abbreviated Accounts for the Year Ended 30 June 2015
......... continued
Share capital |
Allotted, called up and fully paid shares
2015 |
2014 |
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No. |
£ |
No. |
£ |
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Related party transactions |
Directors' advances and credits |
2015 |
2015 |
2014 |
2014 |
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E S Arundel |
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29,491 |
22,728 |
Control |
The company is controlled by