THE_FARMERS_BOY_(UK)_LIMI - Accounts

THE FARMERS BOY (UK) LIMITED - Company Information

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Company Registration No. 06232660 (England and Wales)

THE FARMERS BOY (UK) LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2016

THE FARMERS BOY (UK) LIMITED

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 4

THE FARMERS BOY (UK) LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 JULY 2016

- 1 -

2016

2015

Notes

Fixed assets

Intangible assets

30,906

33,716

Tangible assets

14,510

14,283

45,416

47,999

Current assets

Stocks

4,931

8,267

Debtors

42,483

46,637

Cash at bank and in hand

15,032

15,780

62,446

70,684

Creditors: amounts falling due within one year

(93,616)

(120,592)

Net current liabilities

(31,170)

(49,908)

Total assets less current liabilities

14,246

(1,909)

Creditors: amounts falling due after more than one year

(12,402)

Provisions for liabilities

(1,576)

(1,857)

268

(3,766)

Capital and reserves

Called up share capital

100

Profit and loss account

168

(3,866)

Shareholders' funds

268

(3,766)

THE FARMERS BOY (UK) LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

31 JULY 2016

- 2 -

For the financial year ended 31 July 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 7 April 2017

Mr D S Milner

Mrs R J Milner

Director

Company Registration No. 06232660

THE FARMERS BOY (UK) LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 JULY 2016

- 3 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Goodwill

Acquired goodwill is written off in equal annual instalments over its estimated useful economic life of 20 years.

1.5

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Land and buildings Leasehold

20% straight line

Plant and machinery

20% reducing balance

Computer equipment

25% straight line

Fixtures, fittings & equipment

15% reducing balance

1.6

Stock

Stock is valued at the lower of cost and net realisable value.

1.7

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

THE FARMERS BOY (UK) LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 JULY 2016

- 4 -

Fixed assets

Intangible assets

Tangible assets

Total

Cost

At 1 August 2015

56,195

50,134

106,329

Additions

157

At 31 July 2016

56,195

50,291

106,486

Depreciation

At 1 August 2015

22,479

33,000

55,479

Charge for the year

2,810

2,781

5,591

At 31 July 2016

25,289

35,781

61,070

Net book value

At 31 July 2016

30,906

14,510

45,416

At 31 July 2015

33,716

14,283

47,999

Share capital

2016

2015

Allotted, called up and fully paid

100 Ordinary shares of £1 each

100

Related party relationships and transactions

Other transactions

At the year end Mr D S Milner and Mrs R J Milner owed £27,238 to the company (2015 - £26,779 ) and this amount appears in other debtors in the accounts.