Gonalston Farm Shop Limited - Abbreviated accounts 16.1

Gonalston Farm Shop Limited - Abbreviated accounts 16.1

GONALSTON FARM SHOP LIMITED - Company Information

Print Friendly Version

05556470 1.2.15 31.1.16 31.1.16 Company accounts Private Limited Company FY true false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure055564702015-01-31055564702016-01-31055564702015-02-012016-01-31055564702014-01-31055564702014-02-012015-01-31055564702015-01-3105556470ns14:PoundSterling2015-02-012016-01-3105556470ns7:Director12015-02-012016-01-3105556470ns7:OrdinaryShareClass12015-02-012016-01-3105556470ns7:Director22015-02-012016-01-3105556470ns7:CompanySecretary2015-02-012016-01-3105556470ns7:RegisteredOffice2015-02-012016-01-3105556470ns7:EntityAccountantsOrAuditors2015-02-012016-01-3105556470ns5:ImprovementsOrDevelopmentAssets2015-02-012016-01-3105556470ns5:PlantMachinery2015-02-012016-01-3105556470ns5:FixturesFittings2015-02-012016-01-3105556470ns5:MotorVehicles2015-02-012016-01-3105556470ns5:ComputerEquipment2015-02-012016-01-3105556470ns5:ImprovementsOrDevelopmentAssets2015-01-3105556470ns5:PlantMachinery2015-01-3105556470ns5:FixturesFittings2015-01-3105556470ns5:ImprovementsOrDevelopmentAssets2016-01-3105556470ns5:PlantMachinery2016-01-3105556470ns5:FixturesFittings2016-01-3105556470ns5:ImprovementsOrDevelopmentAssets2015-01-3105556470ns5:PlantMachinery2015-01-3105556470ns5:FixturesFittings2015-01-3105556470ns5:MotorVehicles2015-01-3105556470ns5:ComputerEquipment2015-01-3105556470ns5:MotorVehicles2016-01-3105556470ns5:ComputerEquipment2016-01-3105556470ns5:MotorVehicles2015-01-3105556470ns5:ComputerEquipment2015-01-3105556470ns7:OrdinaryShareClass12016-01-3105556470ns7:OrdinaryShareClass12015-01-31
REGISTERED NUMBER: 05556470











ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 JANUARY 2016

FOR

GONALSTON FARM SHOP LIMITED

GONALSTON FARM SHOP LIMITED (REGISTERED NUMBER: 05556470)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 JANUARY 2016




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

GONALSTON FARM SHOP LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2016







DIRECTORS: Mrs G S E Mason
R Mason





SECRETARY: Mrs L Lee





REGISTERED OFFICE: Southwell Road
Gonalston
Nottingham
Nottinghamshire
NG14 7DR





REGISTERED NUMBER: 05556470





ACCOUNTANTS: Lemans
29 Arboretum Street
Nottingham
Nottinghamshire
NG1 4JA
Page 1
GONALSTON FARM SHOP LIMITED (REGISTERED NUMBER: 05556470)

ABBREVIATED BALANCE SHEET
31 JANUARY 2016

31.1.16 31.1.15
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 - 15,000
Tangible assets 3 468,084 453,346
468,084 468,346

CURRENT ASSETS
Stocks 82,732 78,623
Debtors 12,869 15,033
Cash at bank and in hand 28,561 33,073
124,162 126,729
CREDITORS
Amounts falling due within one year 4 293,133 302,358
NET CURRENT LIABILITIES (168,971 ) (175,629 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
299,113
292,717

CREDITORS
Amounts falling due after more than one
year
4
(19,059
)
(27,869
)

PROVISIONS FOR LIABILITIES (24,710 ) (19,981 )
NET ASSETS 255,344 244,867

CAPITAL AND RESERVES
Called up share capital 5 100 100
Profit and loss account 255,244 244,767
SHAREHOLDERS' FUNDS 255,344 244,867

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2016 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 notes form part of these abbreviated accounts

Page 2 continued...
GONALSTON FARM SHOP LIMITED (REGISTERED NUMBER: 05556470)

ABBREVIATED BALANCE SHEET - continued
31 JANUARY 2016


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 12 July 2016 and were signed on its behalf by:





Mrs G S E Mason - Director


The notes form part of these abbreviated accounts

Page 3
GONALSTON FARM SHOP LIMITED (REGISTERED NUMBER: 05556470)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 JANUARY 2016

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 January 2015).

Turnover
Turnover represents net invoiced sales of goods, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of ten years.

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

Improvements to property - 2% on cost
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the
period of the lease.

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. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 February 2015
and 31 January 2016 150,000
AMORTISATION
At 1 February 2015 135,000
Amortisation for year 15,000
At 31 January 2016 150,000
NET BOOK VALUE

At 31 January 2016 -
At 31 January 2015 15,000

Page 4 continued...
GONALSTON FARM SHOP LIMITED (REGISTERED NUMBER: 05556470)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31 JANUARY 2016

3. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 February 2015 388,014 332,078 72,932
Additions - 40,098 8,060
At 31 January 2016 388,014 372,176 80,992
DEPRECIATION
At 1 February 2015 67,405 237,864 44,225
Charge for year 7,900 20,147 4,681
At 31 January 2016 75,305 258,011 48,906
NET BOOK VALUE
At 31 January 2016 312,709 114,165 32,086
At 31 January 2015 320,609 94,214 28,707

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 February 2015 16,050 19,355 828,429
Additions - 1,845 50,003
At 31 January 2016 16,050 21,200 878,432
DEPRECIATION
At 1 February 2015 11,747 13,842 375,083
Charge for year 979 1,558 35,265
At 31 January 2016 12,726 15,400 410,348
NET BOOK VALUE
At 31 January 2016 3,324 5,800 468,084
At 31 January 2015 4,303 5,513 453,346

4. CREDITORS

Creditors include an amount of £ 68,273 (31.1.15 - £ 64,889 ) for which security has been given.

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.16 31.1.15
value: £    £   
100 Ordinary £1 100 100

Page 5