Austrey Farms Limited - Accounts to registrar (filleted) - small 18.2

Austrey Farms Limited - Accounts to registrar (filleted) - small 18.2

AUSTREY FARMS LIMITED - Company Information

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REGISTERED NUMBER: 00698645 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2020

FOR

AUSTREY FARMS LIMITED
AUSTREY FARMS LIMITED (REGISTERED NUMBER: 00698645)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2020




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


AUSTREY FARMS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2020







DIRECTOR: R H Corbett





REGISTERED OFFICE: c/o Philip Barnes & Co Limited
The Old Council Chambers
Halford Street
Tamworth
Staffordshire
B79 7RB





REGISTERED NUMBER: 00698645 (England and Wales)





ACCOUNTANTS: Philip Barnes & Co Limited
Chartered Accountants
The Old Council Chambers
Halford Street
Tamworth
Staffordshire
B79 7RB
Page 1
AUSTREY FARMS LIMITED (REGISTERED NUMBER: 00698645)

BALANCE SHEET
31 MARCH 2020

2020 2019
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 43 50

CURRENT ASSETS
Debtors 5 143,621 139,804
Cash at bank and in hand 539,341 540,774
682,962 680,578
CREDITORS
Amounts falling due within one year 6 3,018 1,709
NET CURRENT ASSETS 679,944 678,869
TOTAL ASSETS LESS CURRENT
LIABILITIES
679,987
678,919

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 679,887 678,819
SHAREHOLDERS' FUNDS 679,987 678,919

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 19 January 2021 and were signed by:





R H Corbett - Director


The notes form part of these financial statements

Page 2
AUSTREY FARMS LIMITED (REGISTERED NUMBER: 00698645)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2020

1. STATUTORY INFORMATION

Austrey 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.

The significant accounting policies applied in the preparation of the financial statements are set out below. These policies have been consistently applied to all periods presented unless otherwise stated.

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 - 20% reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

3. EMPLOYEES

The average number of employees during the year was NIL (2019 - NIL).

Page 3 continued...
AUSTREY FARMS LIMITED (REGISTERED NUMBER: 00698645)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2020

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 April 2019
and 31 March 2020 3,329
DEPRECIATION
At 1 April 2019 3,279
Charge for year 7
At 31 March 2020 3,286
NET BOOK VALUE
At 31 March 2020 43
At 31 March 2019 50

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Other debtors 143,621 139,804

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Taxation and social security 1,678 378
Other creditors 1,340 1,331
3,018 1,709

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2020 2019
value: £    £   
100 Ordinary shares 1 100 100

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Amounts due at the balance sheet date were £102,486 (2019 - £100,156)

Interest is being charged at the official rate

Page 4