Abbreviated Company Accounts - BLAENEIFED FARMS LIMITED

BLAENEIFED FARMS LIMITED - Company Information

04644990 BLAENEIFED FARMS LIMITED 2014-03-31 false 2013-04-01 2014-03-31 true 04644990 2013-04-01 2014-03-31 04644990 2014-03-31 04644990 2013-03-31 04644990 uk-gaap-cd-bus:Director1 2013-04-01 2014-03-31 04644990 uk-gaap-cd-bus:Director2 2013-04-01 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-04-01 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-03-31 uk-gaap-cd-bus:OrdinaryShareClass2 2013-04-01 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass2 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass2 2013-03-31 uk-gaap-cd-bus:OrdinaryShareClass3 2013-04-01 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass3 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass3 2013-03-31 iso4217:GBP shares

Registered Number 04644990

BLAENEIFED FARMS LIMITED

Abbreviated Accounts

31 March 2014

BLAENEIFED FARMS LIMITED Registered Number 04644990

Abbreviated Balance Sheet as at 31 March 2014

	Notes	2014	2013
		£	£
Fixed assets
Intangible assets	2	30,534	30,534
Tangible assets	3	408,188	305,302
		438,722	335,836
Current assets
Stocks		133,860	116,800
Debtors		28,956	34,277
Investments		13,472	8,441
Cash at bank and in hand		32,834	50,687
		209,122	210,205
Creditors: amounts falling due within one year	4	(93,964)	(144,776)
Net current assets (liabilities)		115,158	65,429
Total assets less current liabilities		553,880	401,265
Creditors: amounts falling due after more than one year	4	(166,280)	(83,741)
Provisions for liabilities		(58,592)	(41,370)
Total net assets (liabilities)		329,008	276,154
Capital and reserves
Called up share capital	5	4	4
Profit and loss account		329,004	276,150
Shareholders' funds		329,008	276,154

For the year ending 31 March 2014 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 23 October 2014

And signed on their behalf by:
D W Jones, Director

BLAENEIFED FARMS LIMITED Registered Number 04644990

Notes to the Abbreviated Accounts for the period ended 31 March 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents net invoiced sales of goods, excluding value added tax

Tangible assets depreciation policy
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.

Plant and machinery – 20% on reducing balance

Stocks are valued at the lower of cost and net realisable value, after making due allowances for obsolete and slow moving items.

Other accounting policies
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.

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.

2Intangible fixed assets

	£
Cost
At 1 April 2013	86,104
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2014	86,104
Amortisation
At 1 April 2013	55,570
Charge for the year	-
On disposals	-
At 31 March 2014	55,570
Net book values
At 31 March 2014	30,534
At 31 March 2013	30,534

3Tangible fixed assets

	£
Cost
At 1 April 2013	452,082
Additions	215,658
Disposals	(20,078)
Revaluations	-
Transfers	-
At 31 March 2014	647,662
Depreciation
At 1 April 2013	146,780
Charge for the year	103,807
On disposals	(11,113)
At 31 March 2014	239,474
Net book values
At 31 March 2014	408,188
At 31 March 2013	305,302

4Creditors

	2014 £	2013 £
Instalment debts due after 5 years	81,909	27,231

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

	2014 £	2013 £
1 A Ordinary share of £1 each	1	1
1 B Ordinary share of £1 each	1	1
2 C, D, E & F Ordinary shares of £1 each	2	2