Parks Farm Forest Nursery Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 04489457 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2016

FOR

PARKS FARM FOREST NURSERY LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

R M Taylor

Mrs E J A Taylor

SECRETARY:

Mrs E J A Taylor

REGISTERED OFFICE:

Parks Farm

Ledbury Road

Newent

Gloucestershire

GL18 1DL

REGISTERED NUMBER:

04489457 (England and Wales)

ACCOUNTANTS:

Little and Company

45 Park Road

Gloucester

Gloucestershire

GL1 1LP

FIXED ASSETS

Tangible assets

2

24,225

27,725

CURRENT ASSETS

Stocks

14,350

Debtors

1,380

1,659

Cash at bank

81,183

104,425

96,913

120,434

CREDITORS

Amounts falling due within one year

100,293

100,533

NET CURRENT (LIABILITIES)/ASSETS

(3,380

)

19,901

TOTAL ASSETS LESS CURRENT
LIABILITIES

20,845

47,626

PROVISIONS FOR LIABILITIES

4,845

5,545

NET ASSETS

16,000

42,081

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

15,900

41,981

SHAREHOLDERS' FUNDS

16,000

42,081

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 12 May 2017 and were signed on its behalf by:

R M Taylor - Director

Mrs E J A Taylor - 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.

Plant and machinery

-

10% 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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2015

104,115

Disposals

(600

)

At 31 August 2016

103,515

DEPRECIATION

At 1 September 2015

76,390

Charge for year

3,468

Eliminated on disposal

(568

)

At 31 August 2016

79,290

NET BOOK VALUE

At 31 August 2016

24,225

At 31 August 2015

27,725

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

100

Ordinary

£1

100

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The company trades from premises owned by the director's which it occupies rent free.