Fleets Farms Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 07735920 (England and Wales)

Abbreviated Accounts for the Year Ended 30 September 2014

for

Fleets Farms Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

A M Smith

Mrs G Smith

I M Smith

REGISTERED OFFICE:

Fleets Farm

East Witton

Leyburn

North Yorkshire

DL8 4SR

REGISTERED NUMBER:

07735920 (England and Wales)

ACCOUNTANTS:

Eura Audit UK

P O Box 55

Eva Lett House

1 South Crescent

Ripon

North Yorkshire

HG4 1XW

FIXED ASSETS

Tangible assets

2

477,420

441,084

CURRENT ASSETS

Stocks

351,207

271,641

Debtors

108,658

86,271

Cash at bank

216

136

460,081

358,048

CREDITORS

Amounts falling due within one year

674,176

583,067

NET CURRENT LIABILITIES

(214,095

)

(225,019

)

TOTAL ASSETS LESS CURRENT LIABILITIES

263,325

216,065

CREDITORS

Amounts falling due after more than one year

80,945

91,009

NET ASSETS

182,380

125,056

CAPITAL AND RESERVES

Called up share capital

3

1,000

1,000

Profit and loss account

181,380

124,056

SHAREHOLDERS' FUNDS

182,380

125,056

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2014 in accordance with Section 476 of the Companies Act 2006.

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.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 13 February 2015 and were signed on its behalf by:

A M Smith - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and Machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor Vehicles

-

25% on reducing balance

Computer equipment

-

33% straight line

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2013

533,174

Additions

139,559

Disposals

(22,750

)

At 30 September 2014

649,983

DEPRECIATION

At 1 October 2013

92,090

Charge for year

80,473

At 30 September 2014

172,563

NET BOOK VALUE

At 30 September 2014

477,420

At 30 September 2013

441,084

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

1,000

Ordinary

1

1,000

1,000