Abbreviated Company Accounts - PLAS FARM LIMITED
Abbreviated Company Accounts - PLAS FARM LIMITED
Registered Number 03003697
PLAS FARM LIMITED
Abbreviated Accounts
31 December 2014
PLAS FARM LIMITED Registered Number 03003697
Abbreviated Balance Sheet as at 31 December 2014
Notes | 2014 | 2013 | |
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£ | £ | ||
Fixed assets | |||
Tangible assets | 2 |
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Current assets | |||
Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year | 3 |
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Net current assets (liabilities) |
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Total assets less current liabilities |
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Creditors: amounts falling due after more than one year | 3 |
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Accruals and deferred income |
( |
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Total net assets (liabilities) |
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Capital and reserves | |||
Called up share capital | 4 |
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Profit and loss account |
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Shareholders' funds |
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For the year ending 31 December 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
And signed on their behalf by:
PLAS FARM LIMITED Registered Number 03003697
Notes to the Abbreviated Accounts for the period ended 31 December 2014
1Accounting Policies
Basis of measurement and preparation of accounts
Turnover policy
Tangible assets depreciation policy
Land and buildings Freehold 2% straight line
Plant and machinery at rates varying between 15% and 25% reducing balance
Motor vehicles 25% reducing balance
Other accounting policies
Stock: Stock is valued at the lower of cost and net realisable value.
Foreign currency translation: Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.
Government grants: Grants are credited to deferred revenue. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.
Creditors: amounts falling due within one year: The aggregate amount of creditors for which security has been given amounted to £18,072 (2013 - £17,432).
Creditors: amounts falling due after more than one year: The aggregate amount of creditors for which security has been given amounted to £162,350 (2013 - £170,108).
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Cost | |
At 1 January 2014 |
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Additions |
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Disposals |
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Revaluations |
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Transfers |
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At 31 December 2014 |
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Depreciation | |
At 1 January 2014 |
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Charge for the year |
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On disposals |
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At 31 December 2014 |
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Net book values | |
At 31 December 2014 | 467,209 |
At 31 December 2013 | 340,721 |
2014
£ |
2013
£ |
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Instalment debts due after 5 years |
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Non-instalment debts due after 5 years |
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