Farrant Farming Limited - Abbreviated accounts 16.3

Farrant Farming Limited - Abbreviated accounts 16.3

FARRANT FARMING LIMITED - Company Information

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REGISTERED NUMBER: 08669573 (England and Wales)





ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 SEPTEMBER 2016

FOR

FARRANT FARMING LIMITED

FARRANT FARMING LIMITED (REGISTERED NUMBER: 08669573)

CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2016










Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

FARRANT FARMING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2016







DIRECTORS: H A Farrant
G N S Farrant





REGISTERED OFFICE: Manor Farm
Drayton St. Leonard
Wallingford
Oxfordshire
OX10 7BE





REGISTERED NUMBER: 08669573 (England and Wales)





ACCOUNTANTS: Martin and Company
25 St Thomas Street
Winchester
Hampshire
SO23 9HJ
Page 1
FARRANT FARMING LIMITED (REGISTERED NUMBER: 08669573)

ABBREVIATED BALANCE SHEET
30 SEPTEMBER 2016

30.9.16 30.9.15
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 33,950 50,925
Tangible assets 3 26,788 17,138
60,738 68,063

CURRENT ASSETS
Stocks 145,140 207,031
Debtors 67,157 32,808
Cash at bank 122,624 54,893
334,921 294,732
CREDITORS
Amounts falling due within one year 82,249 50,816
NET CURRENT ASSETS 252,672 243,916
TOTAL ASSETS LESS CURRENT
LIABILITIES
313,410
311,979

CREDITORS
Amounts falling due after more than one
year
(244,995
)
(83,365
)

PROVISIONS FOR LIABILITIES (5,358 ) (3,428 )
NET ASSETS 63,057 225,186

CAPITAL AND RESERVES
Called up share capital 4 100 200,100
Profit and loss account 62,957 25,086
SHAREHOLDERS' FUNDS 63,057 225,186

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 notes form part of these abbreviated accounts

Page 2 continued...
FARRANT FARMING LIMITED (REGISTERED NUMBER: 08669573)

ABBREVIATED BALANCE SHEET - continued
30 SEPTEMBER 2016


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 29 June 2017 and were signed on its behalf by:





H A Farrant - Director


The notes form part of these abbreviated accounts

Page 3
FARRANT FARMING LIMITED (REGISTERED NUMBER: 08669573)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2016


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 represent amounts chargeable, net of value added tax, in respect of the sale of goods and services to
customers

Amortisation
Amortisation is provided non intangible fixed assets so as to write off the cost, less and estimated residual value,
over their expected useful economic life as follows:


Entitlement - 3 years straight line

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.


Plant and machinery - 25% 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. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 October 2015
and 30 September 2016 56,583
AMORTISATION
At 1 October 2015 5,658
Amortisation for year 16,975
At 30 September 2016 22,633
NET BOOK VALUE

At 30 September 2016 33,950
At 30 September 2015 50,925

Page 4 continued...
FARRANT FARMING LIMITED (REGISTERED NUMBER: 08669573)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2016


3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 October 2015 27,990
Additions 15,408
At 30 September 2016 43,398
DEPRECIATION
At 1 October 2015 10,852
Charge for year 5,758
At 30 September 2016 16,610
NET BOOK VALUE
At 30 September 2016 26,788
At 30 September 2015 17,138

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.16 30.9.15
value: £    £   
100 Ordinary 1 100 100
200,000 Preference 1 - 200,000
100 200,100

During the year, £200,000 of Preference Shares were exchanged into debt owed by the company.

Page 5