Woodland Contractors Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 03510707 (England and Wales)

WOODLAND CONTRACTORS LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 28TH FEBRUARY 2015

Page

Company Information

1

Abbreviated Balance Sheet

2

to

3

Notes to the Abbreviated Accounts

4

to

5

Chartered Accountants' Report

6

DIRECTORS:

Mr N R Rands

Mrs H Rands

SECRETARY:

Mr N R Rands

REGISTERED OFFICE:

Grasmere Cottage

Lower Bentley Lane

Lower Bentley

Bromsgrove

Worcestershire

B60 4JB

REGISTERED NUMBER:

03510707 (England and Wales)

ACCOUNTANTS:

Ormerod Rutter Limited

Chartered Accountants

The Oakley

Kidderminster Road

Droitwich

Worcestershire

WR9 9AY

BANKERS:

HSBC Bank plc

Haydon House

Alcester Road

Studley

Warwickshire

B80 7AN

FIXED ASSETS

Tangible assets

2

14,418

18,382

Investment property

3

294,010

294,010

308,428

312,392

CURRENT ASSETS

Stocks

437,762

431,564

Debtors

34

1,334

Cash at bank

259

1,098

438,055

433,996

CREDITORS

Amounts falling due within one year

546,390

491,304

NET CURRENT LIABILITIES

(108,335

)

(57,308

)

TOTAL ASSETS LESS CURRENT LIABILITIES

200,093

255,084

PROVISIONS FOR LIABILITIES

2,883

3,676

NET ASSETS

197,210

251,408

CAPITAL AND RESERVES

Called up share capital

4

502

500

Capital redemption reserve

500

500

Profit and loss account

196,208

250,408

SHAREHOLDERS' FUNDS

197,210

251,408

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28th February 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 28th February 2015 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 24th November 2015 and were signed on its behalf by:

Mr N R Rands - 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 and services, 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

-

25% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in

market value is transferred to a revaluation reserve.

In accordance with FRSSE (effective April 2008) paragraph 6.50, no depreciation or amortisation is provided in

respect of investment property.

This treatment may be a departure from the requirements of the Companies Act 2006 concerning depreciation of

fixed assets. However, the investment property is not held for consumption but for investment and the directors

consider that systematic annual depreciation would be inappropriate. The accounting policy adopted is therefore

necessary for the accounts to give a true and fair view.

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax

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

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st March 2014

and 28th February 2015

64,960

DEPRECIATION

At 1st March 2014

46,578

Charge for year

3,964

At 28th February 2015

50,542

NET BOOK VALUE

At 28th February 2015

14,418

At 28th February 2014

18,382

3.	INVESTMENT PROPERTY

Total

£

COST

At 1st March 2014

and 28th February 2015

294,010

NET BOOK VALUE

At 28th February 2015

294,010

At 28th February 2014

294,010

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

500

Ordinary A

£1

500

500

1

Ordinary B

£1

1

-

1

Ordinary C

£1

1

-

502

500

The following shares were allotted and fully paid for cash at par during the year:

1 Ordinary B shares of £1 each

1 Ordinary C shares of £1 each

During the year, the company passed a special resolution that the Ordinary shares of £1 each were reclassified as

Ordinary A shares of £1 each. The rights and privileges attaching to the shares were unaltered.

5.	ULTIMATE PARENT COMPANY

Agriline Products Holdings Limited is regarded by the directors as being the company's ultimate parent

company.

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to five)

have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Woodland Contractors Limited for the year ended 28th February 2015 which comprise the Profit

and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information

and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Woodland Contractors Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Woodland Contractors Limited and state those matters that we have agreed to state to the Board of Directors of Woodland Contractors Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Woodland Contractors Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Woodland Contractors Limited. You consider that Woodland Contractors Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Woodland Contractors

Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information

and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial

statements.

Ormerod Rutter Limited

Chartered Accountants

The Oakley

Kidderminster Road

Droitwich

Worcestershire

WR9 9AY

24th November 2015