Abbreviated Company Accounts - H.R.LYNE & SON LIMITED

H.R.LYNE & SON LIMITED - Company Information

00773665 H.R.LYNE & SON LIMITED 2016-04-30 false 2015-05-01 2016-04-30 true 00773665 2015-05-01 2016-04-30 00773665 2016-04-30 00773665 2015-04-30 00773665 uk-gaap-cd-bus:Director1 2015-05-01 2016-04-30 00773665 uk-gaap-cd-bus:Director2 2015-05-01 2016-04-30 uk-gaap-cd-bus:Director3 2015-05-01 2016-04-30 uk-gaap-cd-bus:Director3 2016-04-30 uk-gaap-cd-bus:Director3 2015-04-30 uk-gaap-cd-bus:Director4 2015-05-01 2016-04-30 uk-gaap-cd-bus:Director4 2016-04-30 uk-gaap-cd-bus:Director4 2015-04-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-05-01 2016-04-30 uk-gaap-cd-bus:OrdinaryShareClass1 2016-04-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-04-30 iso4217:GBP shares

Registered Number 00773665

H.R.LYNE & SON LIMITED

Abbreviated Accounts

30 April 2016

H.R.LYNE & SON LIMITED Registered Number 00773665

Abbreviated Balance Sheet as at 30 April 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	30,227	36,363
Investments	3	651	651
		30,878	37,014
Current assets
Stocks		30,891	28,150
Debtors		5,477	10,832
Cash at bank and in hand		188	53
		36,556	39,035
Creditors: amounts falling due within one year	4	(27,210)	(35,495)
Net current assets (liabilities)		9,346	3,540
Total assets less current liabilities		40,224	40,554
Creditors: amounts falling due after more than one year	4	(366,243)	(349,420)
Total net assets (liabilities)		(326,019)	(308,866)
Capital and reserves
Called up share capital	5	4	4
Revaluation reserve		0	541
Profit and loss account		(326,023)	(309,411)
Shareholders' funds		(326,019)	(308,866)

For the year ending 30 April 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 26 December 2016

And signed on their behalf by:
R LYNE, Director
A P LYNE, Director

H.R.LYNE & SON LIMITED Registered Number 00773665

Notes to the Abbreviated Accounts for the period ended 30 April 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover policy
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Leasehold improvements - 10% straight line
Production herd - not depreciated
Tractors - 20% straight line
Plant & machinery - 15% straight line
Motor vehicles - 25% straight line

Valuation information and policy
Stock is valued at the lower of cost or net realisable value. Livestock is valued at market value less 25% for pigs and market value less 40% for cattle.

2Tangible fixed assets

	£
Cost
At 1 May 2015	172,170
Additions	-
Disposals	(2,000)
Revaluations	-
Transfers	-
At 30 April 2016	170,170
Depreciation
At 1 May 2015	135,807
Charge for the year	4,136
On disposals	-
At 30 April 2016	139,943
Net book values
At 30 April 2016	30,227
At 30 April 2015	36,363

3Fixed assets Investments
Cost at 1 May 2015 £651
Cost at 30 April 2016 £651

Listed investments at market value - £NIL (2015 - £NIL)

4Creditors

	2016 £	2015 £
Secured Debts	31,264	32,423
Instalment debts due after 5 years	11,982	12,731

5Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
4 Ordinary shares of £1 each	4	4

6Transactions with directors

Name of director receiving advance or credit:	R Lyne
Description of the transaction:	Loan to company
Balance at 1 May 2015:	£ 313,692
Advances or credits made:	£ 13,467
Advances or credits repaid:	£ 5,570
Balance at 30 April 2016:	£ 321,589

Name of director receiving advance or credit:	A P Lyne
Description of the transaction:	Loan to company
Balance at 1 May 2015:	£ 18,597
Advances or credits made:	£ 11,684
Advances or credits repaid:	£ 1,609
Balance at 30 April 2016:	£ 28,672