Bury Farm (Meppershall) Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 00566661 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2017

FOR

BURY FARM (MEPPERSHALL) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr M A Brinkley

Mrs S J Brinkley

SECRETARY:

Mrs S J Brinkley

REGISTERED OFFICE:

Bury Farm

Meppershall

Shefford

Bedfordshire

SG17 5LZ

REGISTERED NUMBER:

00566661 (England and Wales)

ACCOUNTANTS:

Bell and Company

Chartered Accountants

64 Harpur Street

Bedford

Bedfordshire

MK40 2ST

BANKERS:

Lloyds Bank PLC

35 High Street

Biggleswade

Bedfordshire

SG17 5LZ

FIXED ASSETS

Tangible assets

4

709,092

608,582

CURRENT ASSETS

Stocks

116,792

187,367

Debtors

5

200,563

328,654

Cash at bank

256,126

-

573,481

516,021

CREDITORS

Amounts falling due within one year

6

212,529

171,025

NET CURRENT ASSETS

360,952

344,996

TOTAL ASSETS LESS CURRENT LIABILITIES

1,070,044

953,578

PROVISIONS FOR LIABILITIES

7

101,270

85,100

NET ASSETS

968,774

868,478

CAPITAL AND RESERVES

Called up share capital

8

2,500

2,500

Retained earnings

9

966,274

865,978

SHAREHOLDERS' FUNDS

968,774

868,478

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

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 19 February 2018 and were signed on its behalf by:

Mr M A Brinkley - Director

Mrs S J Brinkley - Director

1.	STATUTORY INFORMATION

Bury Farm (Meppershall) 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.

Freehold property

-

not provided

Farm buildings and improvements

-

in accordance with the property

Plant and machinery

-

at variable rates 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 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

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

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 4 .

4.	TANGIBLE FIXED ASSETS

Farm

buildings

Freehold

and

Plant and

Motor

property

improvements

machinery

vehicles

Totals

£

£

£

£

£

COST

At 1 July 2016

142,261

141,295

1,328,135

25,980

1,637,671

Additions

-

-

211,051

-

211,051

Disposals

-

-

(156,933

)

-

(156,933

)

At 30 June 2017

142,261

141,295

1,382,253

25,980

1,691,789

DEPRECIATION

At 1 July 2016

25,830

81,410

899,338

22,511

1,029,089

Charge for year

1,845

3,957

71,278

867

77,947

Eliminated on disposal

-

-

(124,339

)

-

(124,339

)

At 30 June 2017

27,675

85,367

846,277

23,378

982,697

NET BOOK VALUE

At 30 June 2017

114,586

55,928

535,976

2,602

709,092

At 30 June 2016

116,431

59,885

428,797

3,469

608,582

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.17

30.6.16

£

£

Trade debtors

170,786

323,916

VAT

27,988

2,944

Prepayments

1,789

1,794

200,563

328,654

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.17

30.6.16

£

£

Bank loans and overdrafts

37,518

78,928

Hire purchase contracts

98,732

-

Trade creditors

59,624

56,364

Corporation tax

3,625

5,054

Directors' current accounts

7,635

25,389

Accruals

5,395

5,290

212,529

171,025

7.	PROVISIONS FOR LIABILITIES

30.6.17

30.6.16

£

£

Deferred tax

101,270

85,100

Deferred

tax

£

Balance at 1 July 2016

85,100

Accelerated Capital Allowances

16,170

Balance at 30 June 2017

101,270

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.17

30.6.16

value:

£

£

2,500

Ordinary

£1

2,500

2,500

9.

RESERVES

Retained

earnings

£

At 1 July 2016

865,978

Profit for the year

100,296

At 30 June 2017

966,274

10.	RELATED PARTY DISCLOSURES

The Company pays rent to Mr M A Brinkley of £8280 under an agricultural tenancy in respect of the land owned

by him.

The Company receives contracting Income from the Partnership of M A and R M Brinkley of £86320 charged on

a commercial basis.