T Soanes & Son Potatoes Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 04871955 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

FOR

T SOANES & SON POTATOES LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

A M Soanes

SECRETARY:

Mrs S V Soanes

REGISTERED OFFICE:

33-35 Exchange Street

Driffield

East Yorkshire

YO25 6LL

REGISTERED NUMBER:

04871955 (England and Wales)

ACCOUNTANTS:

Jackson Robson Licence Limited

33-35 Exchange Street

Driffield

East Yorkshire

YO25 6LL

FIXED ASSETS

Tangible assets

2

1,298,935

920,583

Investments

3

114,475

1,413,410

1,035,058

CURRENT ASSETS

Stocks

557,760

379,937

Debtors

3,355,141

2,931,466

Cash at bank

312,771

439,942

4,225,672

3,751,345

CREDITORS

Amounts falling due within one year

734,657

961,118

NET CURRENT ASSETS

3,491,015

2,790,227

TOTAL ASSETS LESS CURRENT
LIABILITIES

4,904,425

3,825,285

CAPITAL AND RESERVES

Called up share capital

4

101

Profit and loss account

4,904,324

3,825,184

SHAREHOLDERS' FUNDS

4,904,425

3,825,285

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 13 December 2016 and were signed by:

A M Soanes - 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.

Plant and machinery etc

-

10% on cost

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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

1,149,006

Additions

550,141

At 31 March 2016

1,699,147

DEPRECIATION

At 1 April 2015

228,423

Charge for year

171,789

At 31 March 2016

400,212

NET BOOK VALUE

At 31 March 2016

1,298,935

At 31 March 2015

920,583

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 April 2015

and 31 March 2016

114,475

NET BOOK VALUE

At 31 March 2016

114,475

At 31 March 2015

114,475

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

101

Ordinary

£1

101