Four Oaks Horticulture Limited - Abbreviated accounts 16.3

Abbreviated Unaudited Accounts

for the Year Ended 30th September 2016

for

Four Oaks Horticulture Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

Mrs B P Coutts

SECRETARY:

M J A Gow

REGISTERED OFFICE:

Farm Lane

Lower Withington

Macclesfield

Cheshire

SK11 9DU

REGISTERED NUMBER:

04539595 (England and Wales)

FIXED ASSETS

Tangible assets

2

2,007,382

1,515,569

CURRENT ASSETS

Debtors

4,438

8,961

Cash at bank

896,656

994,296

901,094

1,003,257

CREDITORS

Amounts falling due within one year

836,891

969,107

NET CURRENT ASSETS

64,203

34,150

TOTAL ASSETS LESS CURRENT
LIABILITIES

2,071,585

1,549,719

CREDITORS

Amounts falling due after more than one
year

(1,375,000

)

(1,375,000

)

PROVISIONS FOR LIABILITIES

(50,008

)

(48,251

)

NET ASSETS

646,577

126,468

CAPITAL AND RESERVES

Called up share capital

3

1,000

Revaluation reserve

473,622

-

Profit and loss account

171,955

125,468

SHAREHOLDERS' FUNDS

646,577

126,468

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

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

The director acknowledges her 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 director on 21st April 2017 and were signed by:

Mrs B P Coutts - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention as modified by the revaluation

of certain assets 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.

Land and buildings

-

2% on cost

Glass houses

-

5% on cost

Motor vehicles

-

25% on cost

Plant and machinery

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

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 OR VALUATION

At 1st October 2015

2,126,945

Additions

50,381

Revaluations

473,622

At 30th September 2016

2,650,948

DEPRECIATION

At 1st October 2015

611,376

Charge for year

32,190

At 30th September 2016

643,566

NET BOOK VALUE

At 30th September 2016

2,007,382

At 30th September 2015

1,515,569

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

1,000

Ordinary

£1

1,000