Bury Farm (Meppershall) Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 00566661 (England and Wales)

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2016

FOR

BURY FARM (MEPPERSHALL) LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mr M A Brinkley

Mrs S J Brinkley

SECRETARY:

Mrs S J Brinkley

REGISTERED OFFICE:

Bury Farm

Meppershall

Shefford

Bedfordshire

SG17 5LZ

REGISTERED NUMBER:

00566661 (England and Wales)

ACCOUNTANTS:

Bell and Company

Chartered Accountants

64 Harpur Street

Bedford

Bedfordshire

MK40 2ST

BANKERS:

Lloyds Bank PLC

35 High Street

Biggleswade

Bedfordshire

SG17 5LZ

FIXED ASSETS

Tangible assets

2

608,582

703,093

CURRENT ASSETS

Stocks

187,367

243,175

Debtors

328,654

300,039

516,021

543,214

CREDITORS

Amounts falling due within one year

171,025

189,070

NET CURRENT ASSETS

344,996

354,144

TOTAL ASSETS LESS CURRENT
LIABILITIES

953,578

1,057,237

CREDITORS

Amounts falling due after more than one
year

3

-

(46,457

)

PROVISIONS FOR LIABILITIES

(85,100

)

(100,050

)

NET ASSETS

868,478

910,730

CAPITAL AND RESERVES

Called up share capital

4

2,500

Profit and loss account

865,978

908,230

SHAREHOLDERS' FUNDS

868,478

910,730

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2016 in accordance with Section 476 of the Companies Act 2006.

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.

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 Board of Directors on 6 March 2017 and were signed on its behalf by:

Mr M A Brinkley - Director

Mrs S J Brinkley - 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.

Freehold property

-

not provided

Farm buildings and improvements

-

in accordance with the property

Plant and machinery

-

at variable rates on reducing balance

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

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 July 2015

1,626,516

Additions

11,155

At 30 June 2016

1,637,671

DEPRECIATION

At 1 July 2015

923,423

Charge for year

105,666

At 30 June 2016

1,029,089

NET BOOK VALUE

At 30 June 2016

608,582

At 30 June 2015

703,093

3.

CREDITORS

Creditors include the following debts falling due in more than five years:

30.6.16

30.6.15

£

Repayable by instalments

-

46,457

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.16

30.6.15

value:

£

2,500

Ordinary

£1

2,500