Farm House Cooked Meats Limited - Accounts to registrar - small 17.2

Farm House Cooked Meats Limited - Accounts to registrar - small 17.2

FARM HOUSE COOKED MEATS LIMITED - Company Information

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REGISTERED NUMBER: 00993234 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2017

FOR

FARM HOUSE COOKED MEATS LIMITED

FARM HOUSE COOKED MEATS LIMITED (REGISTERED NUMBER: 00993234)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 January 2017




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


FARM HOUSE COOKED MEATS LIMITED

COMPANY INFORMATION
for the Year Ended 31 January 2017







DIRECTORS: J Clingan
R Clingan
Miss J Clingan





SECRETARY: Mrs G M Clingan





REGISTERED OFFICE: 61 Northgate Street
Gloucester
GL1 2AG





REGISTERED NUMBER: 00993234 (England and Wales)





ACCOUNTANTS: Kingscott Dix (Cheltenham) Limited
Chartered Accountants
Malvern View Business Park
Stella Way
Bishops Cleeve
Cheltenham
Gloucestershire
GL52 7DQ
Page 1
FARM HOUSE COOKED MEATS LIMITED (REGISTERED NUMBER: 00993234)

ABRIDGED BALANCE SHEET
31 January 2017

2017 2016
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 703,834 746,934

CURRENT ASSETS
Stocks 25,725 19,350
Debtors 93,453 89,321
Cash at bank and in hand 28,507 20,029
147,685 128,700
CREDITORS
Amounts falling due within one year 90,737 152,345
NET CURRENT ASSETS/(LIABILITIES) 56,948 (23,645 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
760,782
723,289

CREDITORS
Amounts falling due after more than one
year
5
(520,523
)
(495,365
)

PROVISIONS FOR LIABILITIES 7 (14,933 ) (3,100 )
NET ASSETS 225,326 224,824

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 225,226 224,724
SHAREHOLDERS' FUNDS 225,326 224,824

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2017 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 financial statements

Page 2
FARM HOUSE COOKED MEATS LIMITED (REGISTERED NUMBER: 00993234)

ABRIDGED BALANCE SHEET - continued
31 January 2017


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Profit and loss account and an abridged Balance Sheet for the year ended 31 January 2017 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors on 24 October 2017 and were signed on its behalf by:





J Clingan - Director


The notes form part of these financial statements

Page 3
FARM HOUSE COOKED MEATS LIMITED (REGISTERED NUMBER: 00993234)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 January 2017

1. STATUTORY INFORMATION

Farm House Cooked Meats Limited is a private company, limited by shares , registered in England and Wales.
The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Significant judgements and estimates
The directors are of the opinion that there are no significant judgements or estimates used in preparing the
financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - Straight line over 50 years
Fixtures and fittings - 15% 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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, except
to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or
substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the
timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they
will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension
scheme are charged to profit or loss in the period to which they relate.

Page 4
FARM HOUSE COOKED MEATS LIMITED (REGISTERED NUMBER: 00993234)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 January 2017

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 35 .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 February 2016 1,342,130
Additions 11,470
At 31 January 2017 1,353,600
DEPRECIATION
At 1 February 2016 595,196
Charge for year 54,570
At 31 January 2017 649,766
NET BOOK VALUE
At 31 January 2017 703,834
At 31 January 2016 746,934

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
2017 2016
£    £   
Repayable by instalments
Bank loans more 5 yr by instal 214,585 242,698

6. SECURED DEBTS

The following secured debts are included within creditors:

2017 2016
£    £   
Bank Loan 382,919 411,032

Bank loans are secured by fixed and floating charges over the assets of the company.

7. PROVISIONS FOR LIABILITIES
2017 2016
£    £   
Deferred tax 14,933 3,100

Deferred
tax
£   
Balance at 1 February 2016 3,100
Provided during year 11,833
Balance at 31 January 2017 14,933

Page 5
FARM HOUSE COOKED MEATS LIMITED (REGISTERED NUMBER: 00993234)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 January 2017

8. RELATED PARTY DISCLOSURES

At the balance sheet date the company was owed £75,877 (2016 - £75,877) by Ultimate Party Shop Limited, a
company in which Mr J Clingan is a director and shareholder.

9. ULTIMATE CONTROLLING PARTY

The company is controlled by the directors who have interests in 100% of the called up share capital.

10. FIRST YEAR ADOPTION

These financial statements are the first set prepared under FRS 102. The company's date of transition was 1
February 2015. There are no adjustments necessary to reflect the changes in accounting treatment under FRS 102
and previous UK GAAP.


Page 6