Day House Farms Limited - Period Ending 2015-09-30

Registration number: 08103760

Day House Farms Limited
 
  Unaudited Abbreviated Accounts
 
  for the year ended 30 September 2015
 

Day House Farms Limited
Contents

Abbreviated Balance Sheet 1 to 2

Notes to the Abbreviated Accounts 3 to 4

Day House Farms Limited
(Registration number: 08103760)
Abbreviated Balance Sheet at 30 September 2015

		Note			2015						2014
	£			£			£			£
Fixed assets
Intangible fixed assets								8,500						10,389
Tangible fixed assets								130,550						21,441
								139,050						31,830
Current assets
Stocks					11,880						9,650
Debtors					8,659						2,740
Cash at bank and in hand					7,135						5,718
					27,674						18,108
Creditors: Amounts falling due within one year					(179,638)						(48,006)
Net current liabilities								(151,964)						(29,898)
Net (liabilities)/assets								(12,914)						1,932
Capital and reserves
Called up share capital		3			800						800
Profit and loss account					(13,714)						1,132
Shareholders' (deficit)/funds								(12,914)						1,932

Page 1

Day House Farms Limited
(Registration number: 08103760)
Abbreviated Balance Sheet at 30 September 2015

For the year ended 30 September 2015 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 28 June 2016 and signed on its behalf by:

.........................................
Mr J C Horton
Director

Page 2

Day House Farms Limited
Notes to the Abbreviated Accounts for the year Ended 30 September 2015

1	Accounting policies

Basis of preparation

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).

The accounts do not include a cash flow statement because the company, as a small reporting entity, is exempt from the requirements to prepare such a statement.

Going concern

The financial statements have been prepared on a going concern basis which is dependant on the continuing support of Mr J C Horton (director). Mr J C Horton has confirmed that there is no reason to believe his support will not be forthcoming for at least the next twelve months. Mr J C Horton is the company's main creditor.

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Amortisation

Amortisation is provided on intangible fixed assets so as to write off the cost, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Amortisation method and rate
Single/Basic payment entitlements	straight line to 2020

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 follows:

Asset class	Depreciation method and rate
Plant and machinery	15% reducing balance
Buildings	10% per annum straight line

Stock

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Page 3

Day House Farms Limited
Notes to the Abbreviated Accounts for the year Ended 30 September 2015

2	Fixed assets

		Intangible assets £			Tangible assets £			Total £
Cost
At 1 October 2014		11,805			23,975			35,780
Additions		-			139,216			139,216
Disposals		-			(14,000)			(14,000)
At 30 September 2015		11,805			149,191			160,996
Depreciation
At 1 October 2014		1,416			2,534			3,950
Charge for the year		1,889			18,207			20,096
Eliminated on disposals		-			(2,100)			(2,100)
At 30 September 2015		3,305			18,641			21,946
Net book value
At 30 September 2015		8,500			130,550			139,050
At 30 September 2014		10,389			21,441			31,830

3	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary A of £1 each		100			100			100			100
Ordinary B of £1 each		310			310			310			310
Ordinary C of £1 each		310			310			310			310
Ordinary D of £1 each		40			40			40			40
Ordinary E of £1 each		40			40			40			40
		800			800			800			800

Page 4