Richards Agricultural Company Limited - Abbreviated accounts 16.1
Richards Agricultural Company Limited - Abbreviated accounts 16.1
REGISTERED NUMBER: |
ABBREVIATED UNAUDITED ACCOUNTS |
FOR THE YEAR ENDED 31 MARCH 2016 |
FOR |
RICHARDS AGRICULTURAL COMPANY LIMITED |
RICHARDS AGRICULTURAL COMPANY LIMITED (REGISTERED NUMBER: 02186083) |
CONTENTS OF THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 31 MARCH 2016 |
Page |
Company Information | 1 |
Abbreviated Balance Sheet | 2 |
Notes to the Abbreviated Accounts | 4 |
RICHARDS AGRICULTURAL COMPANY LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 31 MARCH 2016 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Business Advisers and Accountants |
RICHARDS AGRICULTURAL COMPANY LIMITED (REGISTERED NUMBER: 02186083) |
ABBREVIATED BALANCE SHEET |
31 MARCH 2016 |
31.3.16 | 31.3.15 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 2 |
Investments | 3 |
CURRENT ASSETS |
Stocks |
Debtors |
Cash at bank |
CREDITORS |
Amounts falling due within one year |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
NET LIABILITIES | ( |
) | ( |
) |
CAPITAL AND RESERVES |
Called up share capital | 4 |
Profit and loss account | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
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. |
RICHARDS AGRICULTURAL COMPANY LIMITED (REGISTERED NUMBER: 02186083) |
ABBREVIATED BALANCE SHEET - continued |
31 MARCH 2016 |
The financial statements were approved by the director on |
RICHARDS AGRICULTURAL COMPANY LIMITED (REGISTERED NUMBER: 02186083) |
NOTES TO THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 31 MARCH 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). |
The Company meets its day to day working capital requirements through a loan from the director of the |
Company. In view of this relationship, the director considers that it is reasonable to rely on the continuation of |
this facility. On this basis, the director also considers it appropriate to prepare the accounts on a going concern |
basis. |
TURNOVER |
Turnover represents net invoiced sales of goods and services, excluding value added tax, except in respect of |
service contracts where turnover is recognised when the company obtains the right to consideration. |
TANGIBLE FIXED ASSETS |
Long leasehold | - |
Improvements to property | - |
Plant and machinery | - |
Fixtures and fittings | - |
Computer equipment | - |
STOCKS |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow |
moving items. |
HIRE PURCHASE AND LEASING COMMITMENTS |
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held |
under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases |
are depreciated over their estimated useful lives or the lease term, whichever is the shorter. |
The interest element of these obligations is charged to the profit and loss account over the relevant period. The |
capital element of the future payments is treated as a liability. |
GOING CONCERN |
These accounts have been prepared on a going concern basis which is appropriate given the intended continued |
support of the director. |
RICHARDS AGRICULTURAL COMPANY LIMITED (REGISTERED NUMBER: 02186083) |
NOTES TO THE ABBREVIATED ACCOUNTS - continued |
FOR THE YEAR ENDED 31 MARCH 2016 |
2. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 April 2015 |
Additions |
Disposals | ( |
) |
At 31 March 2016 |
DEPRECIATION |
At 1 April 2015 |
Charge for year |
Eliminated on disposal | ( |
) |
At 31 March 2016 |
NET BOOK VALUE |
At 31 March 2016 |
At 31 March 2015 |
3. | FIXED ASSET INVESTMENTS |
Investments |
other |
than |
loans |
£ |
COST |
At 1 April 2015 |
and 31 March 2016 | 7 |
NET BOOK VALUE |
At 31 March 2016 |
At 31 March 2015 |
4. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.3.16 | 31.3.15 |
value: | £ | £ |
Ordinary | £1 |
5. | RELATED PARTY DISCLOSURES |
At the balance sheet date, Richards Agricultural Company Limited owed M J Richards, the director of the |
company, £627,025 (2015: £602,449). |