J and C Rayner Farms Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 00654285 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2017

FOR

J AND C RAYNER FARMS LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr J E C Rayner

Mrs C H Rayner

SECRETARY:

Mrs C H Rayner

REGISTERED OFFICE:

Upp Hall Farm

Salmons Lane

Coggeshall

Essex

CO6 1RY

REGISTERED NUMBER:

00654285 (England and Wales)

ACCOUNTANTS:

Falcon Accountants

Falcon House

3 King Street

Castle Hedingham

Halstead

Essex

CO9 3ER

FIXED ASSETS

860,614

Tangible assets

4

865,326

30

Investments

5

30

860,644

865,356

CURRENT ASSETS

91,794

Stocks

98,349

33,725

Debtors

29,219

11,070

Cash at bank

1,570

136,589

129,138

CREDITORS

412,443

Amounts falling due within one year

387,893

(275,854

)

NET CURRENT LIABILITIES

(258,755

)

584,790

TOTAL ASSETS LESS CURRENT LIABILITIES

606,601

CREDITORS

(242,696

)

Amounts falling due after more than one year

6

(229,722

)

(26,839

)

PROVISIONS FOR LIABILITIES

(31,038

)

315,255

NET ASSETS

345,841

CAPITAL AND RESERVES

5,000

Called up share capital

5,000

95,227

Other reserves

95,227

215,028

Retained earnings

245,614

315,255

SHAREHOLDERS' FUNDS

345,841

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 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 Balance Sheet for the year ended 30 April 2017 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 17 January 2018 and were signed on its behalf by:

Mr J E C Rayner - Director

1.	STATUTORY INFORMATION

J and C Rayner Farms 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.

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.

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.

Land and buildings

-

2% on cost

Plant and machinery etc

-

25% on reducing balance, 10% on cost and 10% 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 Income Statement, 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element

of the future payments is treated as a liability.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 May 2016

2,022,591

Additions

68,826

Disposals

(38,950

)

At 30 April 2017

2,052,467

DEPRECIATION

At 1 May 2016

1,161,977

Charge for year

58,964

Eliminated on disposal

(33,800

)

At 30 April 2017

1,187,141

NET BOOK VALUE

At 30 April 2017

865,326

At 30 April 2016

860,614

5.	FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:

Totals

£

COST

At 1 May 2016

and 30 April 2017

30

NET BOOK VALUE

At 30 April 2017

30

At 30 April 2016

30

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS

30.4.17

30.4.16

£

£

Repayable by instalments

Bank loans more 5 yr by instal

51,015

100,750

7.	SECURED DEBTS

The following secured debts are included within creditors:

30.4.17

30.4.16

£

£

Bank overdrafts

93,524

114,604

Bank loans

237,215

271,250

330,739

385,854

The bank overdraft and loan are secured by charges on land owned by the directors and the company, and by

insurance policies on the director's lives.