R_C_EAYRS_LTD - Accounts

R.C.EAYRS LIMITED - Company Information

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Company Registration No. 00505435 (England and Wales)

R C EAYRS LTD

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2016

R C EAYRS LTD

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 5

R C EAYRS LTD

ABBREVIATED BALANCE SHEET

AS AT

5 APRIL 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

3,620,637

3,664,198

Investments

1,502,080

1,242,943

5,122,717

4,907,141

Current assets

Stocks

523,564

596,859

Debtors

382,082

571,527

Cash at bank and in hand

494,323

302,164

1,399,969

1,470,550

Creditors: amounts falling due within one year

(402,708)

(355,566)

Net current assets

997,261

1,114,984

Total assets less current liabilities

6,119,978

6,022,125

Creditors: amounts falling due after more than one year

(551,182)

(565,000)

Provisions for liabilities

(144,726)

(102,239)

5,424,070

5,354,886

Capital and reserves

Called up share capital

8,120

Revaluation reserve

33,873

Other reserves

11,880

Profit and loss account

5,404,070

5,301,013

Shareholders' funds

5,424,070

5,354,886

R C EAYRS LTD

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

5 APRIL 2016

- 2 -

For the financial year ended 5 April 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 23 December 2016

M R Eayrs

Director

Company Registration No. 00505435

R C EAYRS LTD

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 5 APRIL 2016

- 3 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT, grants and subsidies.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets other than freehold land and investment properties are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Land and freehold buildings

nil/2% per annum of cost

Plant and machinery

25% reducing balance

Fixtures, fittings & equipment

25% reducing balance

Motor vehicles

25% reducing balance

1.5

Leasing and hire purchase commitments

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and depreciated over the shorter of the lease term and their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods.

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

1.6

Investments

Investment properties are included in the balance sheet at their open market value.

Although this accounting policy is in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015) it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the directors compliance with the standard is necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of the many factors reflected in the annual valuation and the amount of this which might otherwise have been charged cannot be seperately identified or quantified.

Fixed asset investments are stated at cost less provision for diminution in value.

1.7

Stock

Stock is valued at the lower of cost and net realisable value.

1.8

Pensions

The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are charged to the profit and loss account in the year they are payable.

R C EAYRS LTD

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 5 APRIL 2016

Accounting policies

(Continued)

- 4 -

1.9

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

Fixed assets

Tangible assets

Investments

Total

Cost

At 6 April 2015

5,028,649

1,242,943

6,271,592

Additions

652,625

259,137

911,762

Disposals

(564,020)

At 5 April 2016

5,117,254

1,502,080

6,619,334

Depreciation

At 6 April 2015

1,364,451

On disposals

(110,256)

Charge for the year

242,422

At 5 April 2016

1,496,617

Net book value

At 5 April 2016

3,620,637

1,502,080

5,122,717

At 5 April 2015

3,664,198

1,242,943

4,907,141

The investments balance represents the company's capital account in Leighton Estates farming partnership, the other partners in Leighton Estates are company directors M R Eayrs and Mrs J Eayrs.

Creditors: amounts falling due within one year

The aggregate amount of creditors for which security has been given amounted to £251,668 (2015 - £217,808).

Creditors: amounts falling due after more than one year

The aggregate amount of creditors for which security has been given amounted to £551,182 (2015 - £565,000).

R C EAYRS LTD

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 5 APRIL 2016

- 5 -

Share capital

2016

2015

Allotted, called up and fully paid

8,120 Ordinary of £1 each

8,120

During the year there has been a company share restructure. All shares have the same rights and obligations so this will have no effect on the control of the company.

2,152 ordinary shares owned by Martin Eayrs Family Trust became Ordinary A shares.

1,960 ordinary shares owned by M.R.Eayrs Children's Settlement No.1 became Ordinary B shares.

1,960 ordinary shares owned by M.R.Eayrs Children's Settlement No.2 became Ordinary C shares.