Abbreviated Company Accounts - PUSEY FARMING LIMITED

08293476 PUSEY FARMING LIMITED 2014-03-31 false 2012-11-14 2014-03-31 true 08293476 2012-11-14 2014-03-31 08293476 2014-03-31 08293476 uk-gaap-cd-bus:Director1 2012-11-14 2014-03-31 08293476 uk-gaap-cd-bus:Director2 2012-11-14 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2012-11-14 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-03-31 iso4217:GBP shares

Registered Number 08293476

PUSEY FARMING LIMITED

Abbreviated Accounts

31 March 2014

PUSEY FARMING LIMITED Registered Number 08293476

Abbreviated Balance Sheet as at 31 March 2014

	Notes	2014
		£
Fixed assets
Tangible assets	2	71,178
		71,178
Current assets
Stocks		86,312
Debtors		67,097
Cash at bank and in hand		6,169
		159,578
Creditors: amounts falling due within one year		(327,876)
Net current assets (liabilities)		(168,298)
Total assets less current liabilities		(97,120)
Total net assets (liabilities)		(97,120)
Capital and reserves
Called up share capital	3	2
Profit and loss account		(97,122)
Shareholders' funds		(97,120)

For the year ending 31 March 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 11 August 2014

And signed on their behalf by:
R C Perlhagen, Director

PUSEY FARMING LIMITED Registered Number 08293476

Notes to the Abbreviated Accounts for the period ended 31 March 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.

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

Tangible assets depreciation policy
Depreciation is provided at the following annual rates in order to write off each asset over its estimated
useful life.
Plant and machinery etc - 25% on reducing balance and 15% on reducing balance

Other accounting policies
Stocks
Stocks have been valued in accordance with current RICS and CAAV guidance, HMRC helpsheet
HS232 titled "Farm Stock Valuation" (previously BEN19) and Statement of Standard of Accounting
Practice 9 (SSAP9) issued by the Accounting Standards Board.
Consumable stock of seed, fertiliser, sprays, fuel and sundry stores are valued at invoice price, or,
market value if lower.
Growing crops have been valued on a costs of production basis to year end.

2Tangible fixed assets

	£
Cost
Additions	79,413
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2014	79,413
Depreciation
Charge for the year	8,235
On disposals	-
At 31 March 2014	8,235
Net book values
At 31 March 2014	71,178

The net book value of fixed assets includes £13,970 cattle treated on a herd basis

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

	2014 £
2 Ordinary shares of £1 each	2

2 Ordinary shares of £1 each were allotted and fully paid for cash at par during the period.