Little Boarzell Farms Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05224999 (England and Wales)

Financial Statements for the Year Ended 30 November 2019

for

LITTLE BOARZELL FARMS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr C W Ellis

Dr Robert Douglas Ward

SECRETARY:

Tyrolese (Secretarial) Ltd

REGISTERED OFFICE:

66 Lincoln Inn Fields

London

London

WC2A 3LH

REGISTERED NUMBER:

05224999 (England and Wales)

ACCOUNTANTS:

MMP Accounting Solutions Ltd

Chartered Certified Accountants

3 Queen Street

Ashford

Kent

TN23 1RF

FIXED ASSETS

Tangible assets

4

77,366

84,204

CURRENT ASSETS

Stocks

34,948

43,225

Debtors

5

12,385

28,215

Investments

6

1

214

Cash at bank

21,055

9,004

68,389

80,658

CREDITORS

Amounts falling due within one year

7

109,584

111,977

NET CURRENT LIABILITIES

(41,195

)

(31,319

)

TOTAL ASSETS LESS CURRENT LIABILITIES

36,171

52,885

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

36,169

52,883

SHAREHOLDERS' FUNDS

36,171

52,885

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2019 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 financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 and authorised for issue on 30 April 2020 and were signed on its behalf by:

Mr C W Ellis - Director

1.	STATUTORY INFORMATION

Little Boarzell Farms Limited is a private company, limited by shares , registered in England and

Wales. The company's registered number and registered office address can be found on the

Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding

discounts, rebates, value added tax and other sales taxes.

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 etc

-

25% on reducing balance and 15% on reducing balance

Stocks

Stocks are valued 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed

at the balance sheet 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the

company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2018 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 December 2018

and 30 November 2019

174,880

DEPRECIATION

At 1 December 2018

90,676

Charge for year

6,838

At 30 November 2019

97,514

NET BOOK VALUE

At 30 November 2019

77,366

At 30 November 2018

84,204

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.19

30.11.18

£

£

Trade debtors

3,512

17,751

Other debtors

8,873

10,464

12,385

28,215

6.	CURRENT ASSET INVESTMENTS

30.11.19

30.11.18

£

£

Unlisted investments

1

214

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.19

30.11.18

£

£

Trade creditors

2,112

1,727

Other creditors

107,472

110,250

109,584

111,977