Brian L Burton (Farms) Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 02087026 (England and Wales)

BRIAN L BURTON (FARMS) LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

Page

Company Information

1

Abbreviated Balance Sheet

2

to

3

Notes to the Abbreviated Accounts

4

to

6

Chartered Accountants' Report

7

DIRECTOR:

B L Burton

SECRETARY:

Mrs S L Burton

REGISTERED OFFICE:

26 Park Road

Melton Mowbray

Leicestershire

LE13 1TT

REGISTERED NUMBER:

02087026 (England and Wales)

ACCOUNTANTS:

Duncan & Toplis Limited

26 Park Road

Melton Mowbray

Leicestershire

LE13 1TT

FIXED ASSETS

Tangible assets

2

3,902,162

3,891,979

Investments

3

12

3,902,174

3,891,991

CURRENT ASSETS

Valuation

208,780

216,230

Debtors

142,778

104,625

Cash at bank

274,404

191,741

625,962

512,596

CREDITORS

Amounts falling due within one year

4

404,029

464,990

NET CURRENT ASSETS

221,933

47,606

TOTAL ASSETS LESS CURRENT LIABILITIES

4,124,107

3,939,597

CREDITORS

Amounts falling due after more than one
year

4

(1,265,553

)

(1,379,041

)

PROVISIONS FOR LIABILITIES

(74,234

)

(72,197

)

NET ASSETS

2,784,320

2,488,359

CAPITAL AND RESERVES

Called up share capital

5

100

Profit and loss account

2,784,220

2,488,259

SHAREHOLDERS' FUNDS

2,784,320

2,488,359

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 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 16 December 2016 and were signed by:

B L Burton - 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 produce, livestock and contracting services, excluding VAT. Sales of

produce are recognised upon dispatch, sales of livestock are recognised on date of sale at market and

contracting income is recognised on completion of the service.

Tangible fixed assets

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

Freehold property

-

Nil

Plant and machinery

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

No depreciation has been provided for freehold property. It is the Company's policy to maintain such property

in a continued state of sound repair. The director considers that the lives of the Company's freehold property

and their residual values are such that depreciation is not significant.

Stocks

Valuations are valued at the lower of cost and net realisable value, after making allowance for 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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

4,524,570

Additions

139,307

Disposals

(64,450

)

At 31 March 2016

4,599,427

DEPRECIATION

At 1 April 2015

632,591

Charge for year

94,916

Eliminated on disposal

(30,242

)

At 31 March 2016

697,265

NET BOOK VALUE

At 31 March 2016

3,902,162

At 31 March 2015

3,891,979

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 April 2015

and 31 March 2016

12

NET BOOK VALUE

At 31 March 2016

12

At 31 March 2015

12

4.

CREDITORS

Creditors include an amount of £ 1,361,550 (2015 - £ 1,475,038 ) for which security has been given.

They also include the following debts falling due in more than five years:

2016

2015

£

Repayable by instalments

881,565

995,053

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

100

Ordinary

£1

100

The following reproduces the text of the report prepared for the director in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to six) have

been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Brian L Burton (Farms) Limited for the year ended 31 March 2016 which comprise the Profit

and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from

information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Brian L Burton (Farms) Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Brian L Burton (Farms) Limited and state those matters that we have agreed to state to the director of Brian L Burton (Farms) Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Brian L Burton (Farms) Limited director for our work or for this report.

It is your duty to ensure that Brian L Burton (Farms) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Brian L Burton (Farms) Limited. You consider that Brian L Burton (Farms) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Brian L Burton (Farms) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Duncan & Toplis Limited

26 Park Road

Melton Mowbray

Leicestershire

LE13 1TT

16 December 2016