Three Shires Agronomy Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 05246510 (England and Wales)

ABBREVIATED ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2015

FOR

THREE SHIRES AGRONOMY LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

N J Simmonds

REGISTERED OFFICE:

Eagle House

28 Billing Road

Northampton

NN1 5AJ

REGISTERED NUMBER:

05246510 (England and Wales)

ACCOUNTANTS:

DNG Dove Naish

Chartered Accountants

Eagle House

28 Billing Road

Northampton

NN1 5AJ

FIXED ASSETS

Tangible assets

2

136,309

64,980

Investments

3

16,303

152,612

81,283

CURRENT ASSETS

Debtors

49,686

71,308

Cash in hand

41

49,727

71,349

CREDITORS

Amounts falling due within one year

4

85,272

53,851

NET CURRENT (LIABILITIES)/ASSETS

(35,545

)

17,498

TOTAL ASSETS LESS CURRENT
LIABILITIES

117,067

98,781

CREDITORS

Amounts falling due after more than one
year

4

(6,928

)

(13,021

)

PROVISIONS FOR LIABILITIES

(3,590

)

(5,432

)

NET ASSETS

106,549

80,328

CAPITAL AND RESERVES

Called up share capital

5

41

Profit and loss account

106,508

80,287

SHAREHOLDERS' FUNDS

106,549

80,328

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

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

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.

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 director on 30 September 2016 and were signed by:

N J Simmonds - 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 January 2015).

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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Fixtures and fittings

-

33% on cost

Motor vehicles

-

25% on cost

Deferred tax

Deferred taxation is provided on the liability method to take account of timing differences between the

treatment of certain items for accounts purposes and their treatment for tax purposes. Tax deferred or

accelerated is accounted for in respect of all material timing differences. The deferred tax balance has

not been discounted.

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.

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis

over the period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2015

85,274

Additions

80,538

At 31 December 2015

165,812

DEPRECIATION

At 1 January 2015

20,294

Charge for year

9,209

At 31 December 2015

29,503

NET BOOK VALUE

At 31 December 2015

136,309

At 31 December 2014

64,980

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 January 2015

and 31 December 2015

16,303

NET BOOK VALUE

At 31 December 2015

16,303

At 31 December 2014

16,303

The company's investments at the Balance Sheet date in the share capital of companies include the

following:

KST Konsulting Sp z o.o.

Country of incorporation: Poland

Nature of business: Agricultural consulting

%

Class of shares:

holding

Ordinary

51.11

2015

2014

£

Aggregate capital and reserves

112,827

86,099

(Loss)/profit for the year

(6,432

)

52,164

4.

CREDITORS

Creditors include an amount of £ 70,088 (2014 - £ 49,751 ) for which security has been given.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

410

Ordinary

10p

41

6.	TRANSACTIONS WITH DIRECTORS

Included within other creditors is an amount of £1,008 due to (2014 - £9,145 due from) the director, N J

Simmonds.

The loan is unsecured and has no fixed terms of repayment. Interest has been charged on any

overdrawn balance at 3%.