CLARENDON_AGRICARE_LIMITE - Accounts
CLARENDON_AGRICARE_LIMITE - Accounts
Company Registration No. NI035481 (Northern Ireland)
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 SEPTEMBER 2015
CONTENTS
Page
Abbreviated balance sheet
1 - 2
Notes to the abbreviated accounts
3 - 4
ABBREVIATED BALANCE SHEET
AS AT
28 SEPTEMBER 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Intangible assets
2
-
Tangible assets
2
Current assets
Stocks
Debtors
Cash at bank and in hand
Creditors: amounts falling due within one year
3
(2,173,113 )
(2,603,675 )
Net current assets
Total assets less current liabilities
Provisions for liabilities
(16,398 )
(11,917 )
2,351,992
1,940,349
Capital and reserves
Called up share capital
4
Profit and loss account
Shareholders' funds
ABBREVIATED BALANCE SHEET (CONTINUED)
AS AT
28 SEPTEMBER 2015
- 2 -
Directors' responsibilities:
-
-
Approved by the Board for issue on 13 January 2016
Director
Company Registration No. NI035481
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 28 SEPTEMBER 2015
- 3 -
1
Accounting policies
1.1
Accounting convention
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
1.4
Goodwill
1.5
Tangible fixed assets and depreciation
Plant and machinery
Motor vehicles
1.6
Leasing
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
1.7
Stock
Stock is valued at the lower of cost and net realisable value.
1.8
Pensions
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are charged to the profit and loss account in the year they are payable.
1.9
Deferred taxation
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 28 SEPTEMBER 2015
- 4 -
2
Fixed assets
Intangible assets
Tangible assets
Total
£
£
£
Cost
At 29 September 2014
153,200
Additions
-
45,845
Disposals
-
(36,954 )
(36,954)
At 28 September 2015
162,091
Depreciation
At 29 September 2014
82,820
On disposals
-
(36,954 )
(36,954)
Charge for the year
28,093
At 28 September 2015
73,959
Net book value
At 28 September 2015
-
88,132
At 28 September 2014
70,379
3
Creditors: amounts falling due within one year
Included in creditors is £437,021 (2014 £525,346) owing to NiAgro Limited, the parent company of Clarendon Agricare Limited.
4
Share capital
2015
2014
£
£
Allotted, called up and fully paid
The complete Issued Share Capital of 385,000 £1 shares is held by NiAgro Limited, which is owned by Mr C Coffey and Mr K Donohoe, directors of Clarendon Agricare Limited.
5
Ultimate parent company
The ultimate parent company is NiAgro Limited, a company registered in Northern Ireland.