Abbreviated Company Accounts - PATCH PARK FARMS (CROPS) LIMITED

PATCH PARK FARMS (CROPS) LIMITED - Company Information

00509142 PATCH PARK FARMS (CROPS) LIMITED 2014-04-30 false 2013-05-01 2014-04-30 true 00509142 2013-05-01 2014-04-30 00509142 2014-04-30 00509142 2013-04-30 00509142 uk-gaap-cd-bus:Director1 2013-05-01 2014-04-30 00509142 uk-gaap-cd-bus:Director2 2013-05-01 2014-04-30 uk-gaap-cd-bus:Director3 2013-05-01 2014-04-30 uk-gaap-cd-bus:Director3 2014-04-30 uk-gaap-cd-bus:Director3 2013-04-30 uk-gaap-cd-bus:OrdinaryShareClass1 2013-05-01 2014-04-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-04-30 uk-gaap-cd-bus:OrdinaryShareClass1 2013-04-30 iso4217:GBP shares

Registered Number 00509142

PATCH PARK FARMS (CROPS) LIMITED

Abbreviated Accounts

30 April 2014

PATCH PARK FARMS (CROPS) LIMITED Registered Number 00509142

Abbreviated Balance Sheet as at 30 April 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	90,801	79,953
		90,801	79,953
Current assets
Stocks		15,164	18,358
Debtors		15,638	21,766
Cash at bank and in hand		31,438	57,994
		62,240	98,118
Creditors: amounts falling due within one year		(69,433)	(97,207)
Net current assets (liabilities)		(7,193)	911
Total assets less current liabilities		83,608	80,864
Provisions for liabilities		(16,560)	(14,920)
Total net assets (liabilities)		67,048	65,944
Capital and reserves
Called up share capital	3	1,000	1,000
Profit and loss account		66,048	64,944
Shareholders' funds		67,048	65,944

For the year ending 30 April 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 16 January 2015

And signed on their behalf by:
J J Saward, Director

PATCH PARK FARMS (CROPS) LIMITED Registered Number 00509142

Notes to the Abbreviated Accounts for the period ended 30 April 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a small company.

Turnover policy
Turnover repesents the total invoice value, excluding value aded tax, of sales made during the year.

Tangible assets depreciation policy
Depreciation has been provided at 25% per annum on a reducing balance basis in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Other accounting policies
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
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accoutning purposes. In general, deferred taxation is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Hire purchase and leasing commitments
Assets obtained under hire purchase or finance leases are capitalised in the balance sheet and depreciated over their estimated useful lives.
The interest element of these obligations is charged to the profit and loss account over the relevant period. The capital element of the future payments is treated as a liability.
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

2Tangible fixed assets

	£
Cost
At 1 May 2013	315,372
Additions	41,066
Disposals	(1,900)
Revaluations	-
Transfers	-
At 30 April 2014	354,538
Depreciation
At 1 May 2013	235,419
Charge for the year	29,880
On disposals	(1,562)
At 30 April 2014	263,737
Net book values
At 30 April 2014	90,801
At 30 April 2013	79,953

3Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
1,000 Ordinary shares of £1 each	1,000	1,000

4Transactions with directors

Name of director receiving advance or credit:	J J Saward
Description of the transaction:	Loan
Balance at 1 May 2013:	-
Advances or credits made:	£ 17,045
Advances or credits repaid:	£ 17,045
Balance at 30 April 2014:	£ 0

During the year there was a loan to the director of £17,045, upon which interest was charged at the official rate of interest set by HMRC. The loan was repayable on demand and was repaid before 30 April 2014.
In the year to 30 April 2013 a loan, governed by the same terms, of £19,952, was repaid by the director.