Accounts Submission

Accounts Submission

MCFARLAND FARMING ENTERPRISES LIMITED - Company Information

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MCFARLAND FARMING ENTERPRISES LIMITED

Company Registration Number:
02362987 (England and Wales)

Abbreviated (Unaudited) Accounts

Period of accounts

Start date: 01 October 2015

End date: 30 September 2016

MCFARLAND FARMING ENTERPRISES LIMITED

Abbreviated Balance sheet

As at 30 September 2016


Notes
2016
£
2015
£
Fixed assets
Tangible assets: 2 6,096 6,466
Total fixed assets: 6,096 6,466
Current assets
Stocks: 4,070 4,190
Debtors: 115 49
Cash at bank and in hand: 451 1,327
Total current assets: 4,636 5,566
Creditors: amounts falling due within one year: ( 10,266 ) ( 11,631 )
Net current assets (liabilities): ( 5,630 ) ( 6,065 )
Total assets less current liabilities: 466 401
Total net assets (liabilities): 466 401

The notes form part of these financial statements

MCFARLAND FARMING ENTERPRISES LIMITED

Balance sheet continued

As at 30 September 2016


Notes
2016
£
2015
£
Capital and reserves
Called up share capital: 3 102 102
Profit and loss account: 364 299
Shareholders funds: 466 401

For the year ending 30 September 2016 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.

The financial statements were approved by the Board of Directors on 02 June 2017

SIGNED ON BEHALF OF THE BOARD BY:

Name: Dawn Jeanette McFarland
Status: Director

The notes form part of these financial statements

MCFARLAND FARMING ENTERPRISES LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 30 September 2016

  • 1. Accounting policies

    Basis of measurement and preparation of accounts

    The financial statements are prepared under the historical cost convention

    Turnover policy

    Turnover represents the total value of goods and services supplied

    Tangible fixed assets depreciation policy

    Assets will be written down over the estimated useful life, no depreciation is provided in the year of aquisition

    Intangible fixed assets amortisation policy

    There are no intangible fixed assets

    Valuation information and policy

    Stock is valued at the lower of cost or net realisable value

MCFARLAND FARMING ENTERPRISES LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 30 September 2016

  • 2. Tangible assets

    Total
    Cost £
    01 October 2015: 15,059
    Additions: 0
    Disposals: 0
    Revaluations: 0
    Transfers: 0
    30 September 2016: 15,059
    Depreciation
    01 October 2015: 8,593
    Charge for year: 370
    On disposals: 0
    Other adjustments: 0
    30 September 2016: 8,963
    Net book value
    30 September 2016: 6,096
    30 September 2015: 6,466

MCFARLAND FARMING ENTERPRISES LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 30 September 2016

  • 3. Called up share capital

    Allotted, called up and paid

    Previous period
    2015
    Class Number of shares Nominal value per share (£) Total (£)
    Ordinary shares: 102 1.00 102
    Preference shares: 0
    Total share capital (£): 102
    Current period
    2016
    Class Number of shares Nominal value per share (£) Total (£)
    Ordinary shares: 102 1.00 102
    Preference shares: 0
    Total share capital (£): 102