Piggy Green Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 05773607 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 30th June 2016

for

Piggy Green Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

Mr J C Green

REGISTERED OFFICE:

Timworth Hall

Timworth

Bury St Edmunds

Suffolk

IP31 1JD

REGISTERED NUMBER:

05773607 (England and Wales)

ACCOUNTANTS:

TWR Accountants

The Old Registrars

57a High Street

Brandon

Suffolk

IP27 0AU

BANKERS:

Clydesdale Bank

Unit 8 Moseleys Farm

Bury St Edmunds

Suffolk

IP28 6JY

FIXED ASSETS

Tangible assets

2

561,881

702,381

Investments

3

375,250

353,200

937,131

1,055,581

CURRENT ASSETS

Stocks

452,650

585,954

Debtors

149,806

159,086

602,456

745,040

CREDITORS

Amounts falling due within one year

4

960,005

1,031,961

NET CURRENT LIABILITIES

(357,549

)

(286,921

)

TOTAL ASSETS LESS CURRENT LIABILITIES

579,582

768,660

CREDITORS

Amounts falling due after more than one year

4

(39,683

)

(55,359

)

PROVISIONS FOR LIABILITIES

(39,296

)

(64,366

)

NET ASSETS

500,603

648,935

CAPITAL AND RESERVES

Called up share capital

5

1

1

Profit and loss account

500,602

648,934

SHAREHOLDERS' FUNDS

500,603

648,935

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 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 22nd December 2016 and were signed by:

Mr J C Green - 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.

Property improvements

-

10% on cost

Plant and machinery

-

25% on reducing balance and 10% on cost

Motor vehicles

-

25% on reducing balance

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

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st July 2015

1,581,247

Additions

77,240

Disposals

(83,451

)

At 30th June 2016

1,575,036

DEPRECIATION

At 1st July 2015

878,866

Charge for year

175,599

Eliminated on disposal

(41,310

)

At 30th June 2016

1,013,155

NET BOOK VALUE

At 30th June 2016

561,881

At 30th June 2015

702,381

3.	FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:

2016

2015

£

£

Pig herd

375,250

353,200

4.

CREDITORS

Creditors include an amount of £ 104,061 (2015 - £ 110,854 ) for which security has been given.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

1

Ordinary

£1.00

1

1

6.	ULTIMATE CONTROLLING PARTY