Tudor Farms Limited,Ltd - Accounts

Tudor Farms Limited,Ltd - Accounts

TUDOR FARMS LIMITED - Company Information

Print Friendly Version

2014-10-01 true false Private Limited Company 03057066 2015-09-30 03057066 2014-10-01 2015-09-30 03057066 2014-09-30 03057066 2013-10-01 2014-09-30 03057066 uk-bus:Director1 2014-10-01 2015-09-30 03057066 uk-gaap:Buildings 2014-10-01 2015-09-30 03057066 uk-gaap:PlantMachinery 2014-10-01 2015-09-30 03057066 uk-gaap:CommercialMotorVehicles 2014-10-01 2015-09-30 03057066 uk-gaap:ComputerEquipment 2014-10-01 2015-09-30 03057066 uk-bus:OrdinaryShareClass1 2015-09-30 iso4217:GBP
Tudor Farms Limited
For the year ended 30 September 2015
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 03057066
2
Contents Page
Tudor Farms Limited
For the year ended 30 September 2015
1
Balance Sheet
2 to 3
Notes to the Abbreviated Financial Statements
3
Abbreviated Balance Sheet
Tudor Farms Limited
As at 30 September 2015
03057066
Registered Number :
£
£
2015
Notes
2014
Fixed assets
Tangible assets
2
173,090
205,996
173,090
205,996
Current assets
Stocks
170,659
145,628
Debtors
36,253
21,588
Investments
50
50
Cash at bank and in hand
7,191
7,134
174,457
214,096
Creditors: amounts falling due within one year
(275,709)
(219,905)
(61,613)
(45,448)
Net current liabilities
Total assets less current liabilities
127,642
144,383
Creditors: amounts falling due after more than one year
(25,952)
(10,702)
116,940
Net assets
118,431
Capital and reserves
Called up share capital
100,000
3
100,000
Profit and loss account
16,940
18,431
116,940
118,431
Shareholders funds
For the year ended 30 September 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;
2) 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.
Date approved by the board: 20 June 2016
Mr Richard Scott Styles Director
Signed on behalf of the board of directors
1 of 3
4
Notes to the Abbreviated Financial Statements
Tudor Farms Limited
For the year ended 30 September 2015
1 Accounting Policies
Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Finance lease and hire purchase charges
The finance element of the rental payment is charged to the profit and loss account on a straight line basis.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Freehold property
10% Per annum on cost
Plant and machinery
25% Reducing balance
Motor vehicles
25% Reducing balance
Office fixtures and fittings
25% Reducing balance
Assets on finance lease and hire purchase
Assets held under finance lease or hire purchase contracts i.e. those contracts where substantially all the risks and
rewards of ownership have passed to the company, are included in the appropriate category of tangible fixed assets
and depreciated over the shorter of the lease term and their estimated expected useful lives.
Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods.
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Current asset investments
Current asset investments are stated at the lower of cost and net realisable value.
2 of 3
5
Notes to the Abbreviated Financial Statements
Tudor Farms Limited
For the year ended 30 September 2015
2 Tangible fixed assets
Tangible fixed
assets
Cost or valuation
£
770,563
At 01 October 2014
22,849
Additions
(7,320)
Disposals
At 30 September 2015
786,092
Depreciation
564,567
At 01 October 2014
(6,755)
Disposals
55,190
Charge for year
613,002
At 30 September 2015
Net book values
At 30 September 2015
173,090
205,996
At 30 September 2014
3 Share capital
Allotted called up and fully paid
2015
2014
£
£
100,000 Ordinary shares of £1.00 each
100,000
100,000
100,000
100,000
3 of 3