Fourbs Farming Limited Filleted accounts for Companies House (small and micro)
Fourbs Farming Limited Filleted accounts for Companies House (small and micro)
COMPANY REGISTRATION NUMBER:
03018400
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For the year ended |
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Statement of Financial Position |
2018 |
2017 |
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Note |
£ |
£ |
£ |
Fixed assets
Tangible assets |
5 |
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Current assets
Stocks |
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Debtors |
6 |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
7 |
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Net current assets |
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Total assets less current liabilities |
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Provisions
Taxation including deferred tax |
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– |
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Net assets |
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Statement of Financial Position (continued) |
2018 |
2017 |
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Note |
£ |
£ |
£ |
Capital and reserves
Called up share capital |
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Profit and loss account |
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Shareholders funds |
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In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
These financial statements were approved by the
board of directors
and authorised for issue on
30 January 2019
, and are signed on behalf of the board by:
|
Director |
Company registration number:
03018400
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Notes to the Financial Statements |
Year ended 30 April 2018
1.
General information
The company is a private company limited by shares. The registered office address is 7/9 Cornmarket, Pontefract, West Yorkshire, WF8 1AN.
2.
Statement of compliance
3.
Accounting policies
(a)
Basis of preparation
(b)
Revenue recognition
(c)
Current & deferred tax
(d)
Tangible assets
(e)
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant & Machinery |
- |
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Equipment |
- |
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(f)
Stocks
(g)
Provisions
(h)
Financial instruments
(i)
Operating lease agreements
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.
(j)
Government grants
Government grants are recognised using the accrual model and the performance model.
Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable.
Under the performance model, where the grant does not impose specified future performance-related conditions on the recipient, it is recognised in income when the grant proceeds are received or receivable. Where the grant does impose specified future performance-related conditions on the recipient, it is recognised in income only when the performance-related conditions have been met. Where grants received are prior to satisfying the revenue recognition criteria, they are recognised as a liability.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
3
(2017:
3
).
5.
Tangible assets
Plant and machinery |
Equipment |
Total |
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£ |
£ |
£ |
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Cost |
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At 1 May 2017 |
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Additions |
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Disposals |
(
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– |
(
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At 30 April 2018 |
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Depreciation |
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At 1 May 2017 |
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Charge for the year |
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Disposals |
(
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– |
(
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At 30 April 2018 |
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Carrying amount |
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At 30 April 2018 |
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At 30 April 2017 |
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6.
Debtors
2018 |
2017 |
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£ |
£ |
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Trade debtors |
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Other debtors |
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7.
Creditors:
amounts falling due within one year
2018 |
2017 |
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£ |
£ |
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Trade creditors |
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Amounts owed to group undertakings and undertakings in which the company has a participating interest |
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Corporation tax |
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Social security and other taxes |
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Other creditors |
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8.
Related party transactions
At 30 April 2018 the company owed £
91,594
to Dewdown Limited
, a company controlled by Mr C.L. Birdsall
(2017: £ 72,374
). This loan is interest free and repayable on demand.
9.
Controlling party
The company is a wholly owned subsidiary of
Dewdown Limited
, a company registered in England whose registered office is 7/9 Cornmarket, Pontefract, West Yorkshire, WF8 1AN.