Childhay Farming Limited - Period Ending 2014-04-30
Childhay Farming Limited - Period Ending 2014-04-30
Registration number:
for the Year Ended
Childhay Farming Limited
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Childhay Farming Limited
(Registration number: 03160693)
Abbreviated Balance Sheet at 30 April 2014
Note |
2014
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2013
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Fixed assets |
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Intangible fixed assets |
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Tangible fixed assets |
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Current assets |
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Stocks |
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Debtors |
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Creditors: Amounts falling due within one year |
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Net current assets |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
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Provisions for liabilities |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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Shareholders' funds |
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1
Childhay Farming Limited
(Registration number: 03160693)
Abbreviated Balance Sheet at 30 April 2014
......... continued
Approved by the Board on
Mr T Frost
Director
Mr W R Frost
Director
2
Childhay Farming Limited
Notes to the Abbreviated Accounts for the Year Ended 30 April 2014
......... continued
Accounting policies |
Basis of preparation
Going concern
The financial statements have been prepared on a going concern basis.
Turnover
Amortisation
Intangible fixed assets comprise milk quota. This is shown in the financial statements at cost, less any diminuation in value.
Asset class |
Amortisation method and rate |
Milk Quota |
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Depreciation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Asset class |
Depreciation method and rate |
Tenants improvements |
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Motor vehicles |
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Plant and machinery |
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Stock
Deferred tax
Hire purchase and leasing
Childhay Farming Limited
Notes to the Abbreviated Accounts for the Year Ended 30 April 2014
......... continued
Financial instruments
Fixed assets |
Intangible assets
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Tangible assets
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Total
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Cost |
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At 1 May 2013 |
216,417 |
1,133,276 |
1,349,693 |
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Additions |
- |
223,908 |
223,908 |
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Disposals |
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(36,940) |
(36,940) |
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At 30 April 2014 |
216,417 |
1,320,244 |
1,536,661 |
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Depreciation |
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At 1 May 2013 |
214,619 |
822,044 |
1,036,663 |
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Charge for the year |
(3,885) |
87,978 |
84,093 |
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Eliminated on disposals |
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(29,598) |
(29,598) |
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At 30 April 2014 |
210,734 |
880,424 |
1,091,158 |
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Net book value |
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At 30 April 2014 |
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At 30 April 2013 |
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Creditors |
Creditors includes the following liabilities, on which security has been given by the company:
Childhay Farming Limited
Notes to the Abbreviated Accounts for the Year Ended 30 April 2014
......... continued
2014
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2013
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Amounts falling due within one year |
16,692 |
20,354 |
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Amounts falling due after more than one year |
36,153 |
3,928 |
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Total secured creditors |
52,845 |
24,282 |
Included in the creditors are the following amounts due after more than five years:
2014
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2013
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After more than five years by instalments |
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Share capital |
Allotted, called up and fully paid shares
2014 |
2013 |
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No. |
£ |
No. |
£ |
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Control |
The company is controlled by