Abbreviated Company Accounts - LYMN BANK FARM LIMITED

LYMN BANK FARM LIMITED - Company Information

08433609 LYMN BANK FARM LIMITED 2013-12-31 false 2013-03-07 2013-12-31 true 08433609 2013-03-07 2013-12-31 08433609 2013-12-31 08433609 uk-gaap-cd-bus:Director1 2013-03-07 2013-12-31 08433609 uk-gaap-cd-bus:Director2 2013-03-07 2013-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-03-07 2013-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-12-31 iso4217:GBP shares

Registered Number 08433609

LYMN BANK FARM LIMITED

Abbreviated Accounts

31 December 2013

LYMN BANK FARM LIMITED Registered Number 08433609

Abbreviated Balance Sheet as at 31 December 2013

	Notes	2013
		£
Fixed assets
Intangible assets	2	91,000
Tangible assets	3	228,751
		319,751
Current assets
Stocks		53,633
Debtors		47,744
Cash at bank and in hand		113,576
		214,953
Creditors: amounts falling due within one year		(454,886)
Net current assets (liabilities)		(239,933)
Total assets less current liabilities		79,818
Provisions for liabilities		(37,392)
Total net assets (liabilities)		42,426
Capital and reserves
Called up share capital	4	100
Profit and loss account		42,326
Shareholders' funds		42,426

For the year ending 31 December 2013 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 24 September 2014

And signed on their behalf by:
Mrs G L Sisson, Director

LYMN BANK FARM LIMITED Registered Number 08433609

Notes to the Abbreviated Accounts for the period ended 31 December 2013

1Accounting Policies

Basis of measurement and preparation of accounts
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 policy
Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible assets depreciation policy
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property - 15% on reducing balance
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Intangible assets amortisation policy
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of five years.

Valuation information and policy
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Other accounting policies
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

2Intangible fixed assets

	£
Cost
Additions	105,000
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2013	105,000
Amortisation
Charge for the year	14,000
On disposals	-
At 31 December 2013	14,000
Net book values
At 31 December 2013	91,000

3Tangible fixed assets

	£
Cost
Additions	254,881
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2013	254,881
Depreciation
Charge for the year	26,130
On disposals	-
At 31 December 2013	26,130
Net book values
At 31 December 2013	228,751

4Called Up Share Capital
Allotted, called up and fully paid:

	2013 £
100 Ordinary shares of £1 each	100