D R Cantrill Limited - Accounts to registrar - small 16.3d
D R Cantrill Limited - Accounts to registrar - small 16.3d
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2016 |
| FOR |
| D R CANTRILL LIMITED |
| D R CANTRILL LIMITED (REGISTERED NUMBER: 04470717) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 MAY 2016 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| D R CANTRILL LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31 MAY 2016 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| Bank Passage |
| Off Market Square |
| Stafford |
| ST16 2JS |
| D R CANTRILL LIMITED (REGISTERED NUMBER: 04470717) |
| BALANCE SHEET |
| 31 MAY 2016 |
| 2016 | 2015 |
| Notes | £ | £ |
| FIXED ASSETS |
| Intangible assets | 4 |
| Tangible assets | 5 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 6 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 7 | ( |
) | ( |
) |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 8 |
| Fair value reserve | 9 |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| The directors acknowledge their 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. |
| D R CANTRILL LIMITED (REGISTERED NUMBER: 04470717) |
| BALANCE SHEET - continued |
| 31 MAY 2016 |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements were approved by the Board of Directors on by: |
| D R CANTRILL LIMITED (REGISTERED NUMBER: 04470717) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 MAY 2016 |
| 1. | STATUTORY INFORMATION |
| D R Cantrill Limited is a |
| registered number and registered office address can be found on the Company Information page. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| These financial statements have been prepared in accordance with Financial Reporting Standard 102 section |
| 1A "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act |
| 2006. The financial statements have been prepared under the historical cost convention. The date of |
| transition to FRS 102 Section 1A was 1 June 2015 and the end of the comparative period was 31 May 2015. |
| The nature of these changes and their impact on opening equity and profit for the comparative period are |
| explained in notes one to two below. |
| The financial statements are presented in sterling which is the functional currency of the company and |
| rounded to the nearest £. |
| The significant accounting policies applied in the preparation of these financial statements are set out below. |
| These policies have been consistently applied to all years presented unless otherwise stated. |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade |
| discounts. The policies adopted for the recognition of turnover are as follows: |
| Sale of milk and livestock |
| Turnover from the sale of milk and livestock is recognised when significant risks and rewards of ownership of |
| the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that |
| the economic benefits associated with the transaction will flow to the company and the costs incurred or to be |
| incurred in respect of the transaction can be measured reliably. This is usually on dispatch of the goods. |
| Rental income, grazing and wayleave |
| Rental income, wayleave and grazing are recognised using the accruals model. |
| Government subsidies |
| Government grants and subsidies are recognised at the fair value of the asset received or receivable when |
| there is reasonable assurance that the company will comply with conditions attaching to them and the grants |
| will be received using the accrual model. |
| Basic payment entitlement |
| The Basic payment entitlement (formerly Single payment entitlement) is valued at cost less accumulated |
| amortisation. Amortisation is calculated to write off the cost in equal instalments over six years. |
| Tangible fixed assets |
| Improvements to property | - |
| Plant and machinery | - |
| Motor vehicles | - |
| D R CANTRILL LIMITED (REGISTERED NUMBER: 04470717) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 MAY 2016 |
| 2. | ACCOUNTING POLICIES - continued |
| Stocks |
| Stocks are valued in accordance with Business Economic Note 19 issued by the Inland Revenue, at the lower of |
| cost and estimated selling price less costs to complete and sell using other accepted conventions to arrive at |
| deemed cost where actual costs are not accurately ascertainable, after making allowance for obsolete and |
| slow moving items. |
| Tax |
| Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the |
| current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax |
| rates and laws that have been enacted or substantively enacted by the balance sheet date. |
| Deferred tax represents the future tax consequences of transactions and events recognised in the financial |
| statements of current and previous periods. It is recognised in respect of all timing differences, with certain |
| exceptions. Timing differences are differences between taxable profits and total comprehensive income as |
| stated in the financial statements that arise from the inclusion of income and expense in tax assessments in |
| periods different from those in which they are recognised in the financial statements. |
| Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the |
| balance sheet date that are expected to apply to the reversal of timing differences. |
| Debtors and creditors receivable / payable within one year |
| Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at |
| transaction price. Any losses arising from impairment are recognised in the profit and loss account in other |
| administrative expenses. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | INTANGIBLE FIXED ASSETS |
| Basic/Single |
| payment |
| entitlement |
| £ |
| COST |
| At 1 June 2015 |
| and 31 May 2016 |
| AMORTISATION |
| At 1 June 2015 |
| Amortisation for year |
| At 31 May 2016 |
| NET BOOK VALUE |
| At 31 May 2016 |
| At 31 May 2015 |
| D R CANTRILL LIMITED (REGISTERED NUMBER: 04470717) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 MAY 2016 |
| 5. | TANGIBLE FIXED ASSETS |
| Improvements |
| to | Plant and | Motor |
| property | machinery | vehicles | Totals |
| £ | £ | £ | £ |
| COST |
| At 1 June 2015 |
| Additions |
| At 31 May 2016 |
| DEPRECIATION |
| At 1 June 2015 |
| Charge for year |
| At 31 May 2016 |
| NET BOOK VALUE |
| At 31 May 2016 |
| At 31 May 2015 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2016 | 2015 |
| £ | £ |
| Trade debtors |
| VAT |
| Prepayments |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2016 | 2015 |
| £ | £ |
| Trade creditors |
| Tax |
| Social security and other taxes |
| Directors' current accounts | 501,366 | 509,302 |
| Accrued expenses |
| 8. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2016 | 2015 |
| value: | £ | £ |
| 1 | £1 | 100 | 100 |
| D R CANTRILL LIMITED (REGISTERED NUMBER: 04470717) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 MAY 2016 |
| 9. | RESERVES |
| Fair |
| value |
| reserve |
| £ |
| At 1 June 2015 |
| Transfer | ( |
) |
| At 31 May 2016 |