Hambleton Farms Limited - Limited company - abbreviated

REGISTERED NUMBER: 05758307 (England and Wales)

Abbreviated Accounts

for the Year Ended 31 March 2014

for

Hambleton Farms Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mrs J Nelson

A J Nelson

G Howsam

W Nelson

SECRETARY:

I Sawyer

REGISTERED OFFICE:

3 Hagley Court North

The Waterfront

Dudley

West Midlands

DY5 1XF

REGISTERED NUMBER:

05758307 (England and Wales)

ACCOUNTANTS:

Cox & Co

3 Hagley Court North

The Waterfront

Dudley

West Midlands

DY5 1XF

FIXED ASSETS

Intangible assets

2

20,455

30,686

Tangible assets

3

709,229

830,830

729,684

861,516

CURRENT ASSETS

Stocks

82,116

100,179

Debtors

68,440

88,791

Cash at bank and in hand

102,705

10,997

253,261

199,967

CREDITORS

Amounts falling due within one year

(398,703

)

(438,907

)

NET CURRENT LIABILITIES

(145,442

)

(238,940

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

584,242

622,576

CAPITAL AND RESERVES

Called up share capital

4

1,541,722

Profit and loss account

(957,480

)

(919,146

)

SHAREHOLDERS' FUNDS

584,242

622,576

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 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 23 December 2014 and were signed on its behalf
by:

A J Nelson - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The directors consider the use of going concern basis of accounting is appropriate because the directors are

confident the company will trade profitably in future periods and the company has their ongoing support.

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 April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of ten years.

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 reducing balance and 2% on cost

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 April 2013

and 31 March 2014

102,276

AMORTISATION

At 1 April 2013

71,590

Amortisation for year

10,231

At 31 March 2014

81,821

NET BOOK VALUE

At 31 March 2014

20,455

At 31 March 2013

30,686

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

1,373,346

Additions

1,891

Disposals

(139,120

)

At 31 March 2014

1,236,117

DEPRECIATION

At 1 April 2013

542,516

Charge for year

43,712

Eliminated on disposal

(59,340

)

At 31 March 2014

526,888

NET BOOK VALUE

At 31 March 2014

709,229

At 31 March 2013

830,830

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.14

31.3.13

value:

£

1,541,722

Ordinary shares

£1

1,541,722

5.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

As at 31 March 2014 the company owes the directors, Mr AJ Nelson and Mrs J Nelson £203,000.

Hambleton Farms Limited - Limited company - abbreviated - 11.0.0

Hambleton Farms Limited - Limited company - abbreviated - 11.0.0