Stonton Wyville Farms Limited - Accounts to registrar (filleted) - small 18.2
Stonton Wyville Farms Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| STONTON WYVILLE FARMS LIMITED |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 5 APRIL 2018 |
| STONTON WYVILLE FARMS LIMITED (REGISTERED NUMBER: 00492195) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 5 APRIL 2018 |
| Page |
| Company Information | 1 |
| Statement of Financial Position | 2 |
| Notes to the Financial Statements | 3 | to | 5 |
| STONTON WYVILLE FARMS LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 5 APRIL 2018 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 14 London Road |
| Newark |
| Nottinghamshire |
| NG24 1TW |
| STONTON WYVILLE FARMS LIMITED (REGISTERED NUMBER: 00492195) |
| STATEMENT OF FINANCIAL POSITION |
| 5 APRIL 2018 |
| 5.4.18 | 5.4.17 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 4 |
| Tangible assets | 5 |
| CURRENT ASSETS |
| Valuation |
| Debtors | 6 |
| Investments | 7 |
| CREDITORS |
| Amounts falling due within one year | 8 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES | ( |
) | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital | 9 |
| Retained earnings | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
| 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. |
| 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 |
| STONTON WYVILLE FARMS LIMITED (REGISTERED NUMBER: 00492195) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 5 APRIL 2018 |
| 1. | STATUTORY INFORMATION |
| Stonton Wyville Farms Limited is a |
| registered number and registered office address can be found on the Company Information page. |
| 2. | ACCOUNTING POLICIES |
| Accounting convention |
| The financial statements for the year ended 5 April 2017 are the first financial statements of Stonton Wyville Farms Limited |
| prepared in accordance with FRS 102. Adjustments required on transition are set out in the notes to the financial |
| statements. |
| Revenue |
| Turnover represents net invoiced sales of produce and livestock, excluding value added tax. |
| Sales of produce are recognised upon despatch. Revenue from livestock is recognised on the day of sale. |
| Research and development |
| Research and Development expenditure is included as an intangible fixed asset, amortisation is provided at 5% on cost. |
| Property, plant and equipment |
| Leasehold improvements | - |
| Plant and machinery | - |
| Inventories |
| Stock is stated 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 statement of financial position date. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of |
| financial position 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. |
| Basic payment |
| The Basic Payment is recognised in the financial statements in accordance with current H. M. Revenue & Customs |
| guidance. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| STONTON WYVILLE FARMS LIMITED (REGISTERED NUMBER: 00492195) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 5 APRIL 2018 |
| 4. | INTANGIBLE FIXED ASSETS |
| Research |
| and |
| Entitlements | Development | Totals |
| £ | £ | £ |
| COST |
| At 6 April 2017 |
| and 5 April 2018 |
| AMORTISATION |
| At 6 April 2017 |
| Amortisation for year |
| At 5 April 2018 |
| NET BOOK VALUE |
| At 5 April 2018 |
| At 5 April 2017 |
| 5. | TANGIBLE FIXED ASSETS |
| Leasehold | Plant and |
| improvements | machinery | Totals |
| £ | £ | £ |
| COST |
| At 6 April 2017 |
| Additions |
| Disposals | ( |
) | ( |
) |
| At 5 April 2018 |
| DEPRECIATION |
| At 6 April 2017 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) |
| At 5 April 2018 |
| NET BOOK VALUE |
| At 5 April 2018 |
| At 5 April 2017 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 5.4.18 | 5.4.17 |
| £ | £ |
| Trade debtors |
| VAT |
| 7. | CURRENT ASSET INVESTMENTS |
| 5.4.18 | 5.4.17 |
| £ | £ |
| Unlisted investments | 5 | 5 |
| STONTON WYVILLE FARMS LIMITED (REGISTERED NUMBER: 00492195) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 5 APRIL 2018 |
| 8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 5.4.18 | 5.4.17 |
| £ | £ |
| Bank loans and overdrafts |
| Trade creditors |
| Directors' current accounts | 52,012 | 49,401 |
| Accruals and deferred income |
| Deferred government grants |
| 9. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 5.4.18 | 5.4.17 |
| value: | £ | £ |
| Ordinary | £1 | 3,000 | 3,000 |
| A ordinary | £1 | 9,000 | 9,000 |
| 12,000 | 12,000 |
| The 'A' Ordinary shares carry no voting rights. |