CROFTLANDS_FARM_LIMITED - Accounts


Company Registration No. 03506286 (England and Wales)
CROFTLANDS FARM LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2015
CROFTLANDS FARM LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
CROFTLANDS FARM LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2015
31 March 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
100,994
101,847
Current assets
Stocks
100
100
Debtors
21,143
40,280
Cash at bank and in hand
1,624
2,404
22,867
42,784
Creditors: amounts falling due within one year
(828)
(1,259)
Net current assets
22,039
41,525
Total assets less current liabilities
123,033
143,372
Capital and reserves
Called up share capital
3
123,000
143,000
Profit and loss account
33
372
Shareholders' funds
123,033
143,372
For the financial year ended 31 March 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 7 December 2015
Mrs C A Dawton
Director
Company Registration No. 03506286
CROFTLANDS FARM LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2015
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
The company has taken advantage of the exemption in Financial Reporting Standard No 1 from the requirement to produce a cash flow statement on the grounds that it is a small company.
1.2
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.3
Tangible fixed assets and depreciation
Tangible fixed assets other than freehold land are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Land and buildings Freehold
Nil and 2% straight line
Plant and machinery
15% reducing balance
Motor vehicles
25% reducing balance
2
Fixed assets
Tangible assets
£
Cost
At 1 April 2014 & at 31 March 2015
128,285
Depreciation
At 1 April 2014
26,438
Charge for the year
853
At 31 March 2015
27,291
Net book value
At 31 March 2015
100,994
At 31 March 2014
101,847
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
123,000 Ordinary shares of £1 each
123,000
143,000

During the year the company re-purchased 20,000 shares of £1 each. The total consideration paid was £20,000 and represented 13.98% of the share capital.

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