R. & M. Neill Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 03461603

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 NOVEMBER 2016

FOR

R. & M. NEILL LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

R M Neill

Mrs M I Neill

Mrs E Elliot

SECRETARY:

Mrs M I Neill

REGISTERED OFFICE:

Romar

Cornhill on Tweed

Northumberland

TD12 4SL

REGISTERED NUMBER:

03461603

ACCOUNTANTS:

Henry Brown & Co

Chartered Accountants

26 Portland Road

Kilmarnock

KA1 2EB

FIXED ASSETS

Tangible assets

2

16,046

12,825

CURRENT ASSETS

Stocks

121,412

130,735

Debtors

33,131

9,419

Cash at bank

8,415

38,742

162,958

178,896

CREDITORS

Amounts falling due within one year

143,260

51,991

NET CURRENT ASSETS

19,698

126,905

TOTAL ASSETS LESS CURRENT
LIABILITIES

35,744

139,730

PROVISIONS FOR LIABILITIES

-

2,565

NET ASSETS

35,744

137,165

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

35,644

137,065

SHAREHOLDERS' FUNDS

35,744

137,165

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 2 June 2017 and were signed on its behalf by:

R M Neill - 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 sale of crops and farm subsidies, 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.

Improvements to property

-

15% on reducing balance

Plant and machinery

-

25% 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

Provision is made under the liability method for corporation tax deferred by accelerated capital allowances and

by other timing differences. Deferred tax has been accounted for on the full provision basis in accordance with

International Accounting Standards and Financial Reporting Standard 19.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 December 2015

48,523

Additions

15,600

At 30 November 2016

64,123

DEPRECIATION

At 1 December 2015

35,698

Charge for year

12,379

At 30 November 2016

48,077

NET BOOK VALUE

At 30 November 2016

16,046

At 30 November 2015

12,825

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

100

Ordinary

£1.00

100