R H Taylor (Perreton) Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 00386625 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 5TH APRIL 2014

FOR

R H TAYLOR (PERRETON) LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

A E R U Taylor

SECRETARY:

Mrs P E Taylor

REGISTERED OFFICE:

Perreton Farm

Arreton

Isle of Wight

PO30 3DL

REGISTERED NUMBER:

00386625 (England and Wales)

ACCOUNTANTS:

Harrison Black Limited

Pyle House

136/137 Pyle Street

Newport

Isle of Wight

PO30 1JW

FIXED ASSETS

Tangible assets

2

824,295

835,549

Investments

3

338

338

824,633

835,887

CURRENT ASSETS

Stocks

7,500

7,500

Debtors

11,141

6,863

18,641

14,363

CREDITORS

Amounts falling due within one year

4

457,903

437,806

NET CURRENT LIABILITIES

(439,262

)

(423,443

)

TOTAL ASSETS LESS CURRENT LIABILITIES

385,371

412,444

CREDITORS

Amounts falling due after more than one year

4

215,132

246,221

NET ASSETS

170,239

166,223

CAPITAL AND RESERVES

Called up share capital

5

1,633

1,633

Other reserves

3,367

3,367

Profit and loss account

165,239

161,223

SHAREHOLDERS' FUNDS

170,239

166,223

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5th April 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 5th April 2014 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 31st July 2014 and were signed by:

A E R U Taylor - 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.

Farm Buildings

-

at variable rates on reducing balance

Plant & machinery

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer 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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the

company's pension scheme are charged to the profit and loss account in the period to which they

relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 6th April 2013

1,023,876

Additions

10,094

Disposals

(81,069

)

At 5th April 2014

952,901

DEPRECIATION

At 6th April 2013

188,327

Charge for year

18,731

Eliminated on disposal

(78,452

)

At 5th April 2014

128,606

NET BOOK VALUE

At 5th April 2014

824,295

At 5th April 2013

835,549

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 6th April 2013

and 5th April 2014

338

NET BOOK VALUE

At 5th April 2014

338

At 5th April 2013

338

4.

CREDITORS

Creditors include an amount of £ 233,144 (2013 - £ 257,769 ) for which security has been given.

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

2014

2013

£

£

Repayable by instalments

45,514

66,984

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

1,633

Ordinary

£1

1,633

1,633

6.	ULTIMATE CONTROLLING PARTY