Parks Farm Forest Nursery Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 04489457 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2015

FOR

PARKS FARM FOREST NURSERY LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

R M Taylor

Mrs E J A Taylor

SECRETARY:

Mrs E J A Taylor

REGISTERED OFFICE:

Parks Farm

Ledbury Road

Newent

Gloucestershire

GL18 1DL

REGISTERED NUMBER:

04489457 (England and Wales)

ACCOUNTANTS:

Little and Company

45 Park Road

Gloucester

Gloucestershire

GL1 1LP

FIXED ASSETS

Tangible assets

2

27,725

31,581

CURRENT ASSETS

Stocks

14,350

15,970

Debtors

1,659

3,347

Cash at bank

104,425

82,700

120,434

102,017

CREDITORS

Amounts falling due within one year

100,533

82,595

NET CURRENT ASSETS

19,901

19,422

TOTAL ASSETS LESS CURRENT LIABILITIES

47,626

51,003

PROVISIONS FOR LIABILITIES

5,545

6,316

NET ASSETS

42,081

44,687

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

41,981

44,587

SHAREHOLDERS' FUNDS

42,081

44,687

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2015 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 5 May 2016 and were signed on its behalf by:

R M Taylor - Director

Mrs E J A 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.

Plant and machinery

-

10% on reducing balance

Motor vehicles

-

25% 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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2014

103,866

Additions

249

At 31 August 2015

104,115

DEPRECIATION

At 1 September 2014

72,285

Charge for year

4,105

At 31 August 2015

76,390

NET BOOK VALUE

At 31 August 2015

27,725

At 31 August 2014

31,581

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

100

Ordinary

£1

100

100

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The company trades from premises owned by the director's which it occupies rent free.