Abbreviated Company Accounts - DUNNE FARMS LIMITED

DUNNE FARMS LIMITED - Company Information

Registered Number NI619681

DUNNE FARMS LIMITED

Abbreviated Accounts

31 August 2015

DUNNE FARMS LIMITED Registered Number NI619681

Abbreviated Balance Sheet as at 31 August 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	299,416	216,339
		299,416	216,339
Current assets
Stocks		229,079	337,280
Debtors		149,571	204,462
Cash at bank and in hand		9,963	55,401
		388,613	597,143
Creditors: amounts falling due within one year		(248,155)	(608,227)
Net current assets (liabilities)		140,458	(11,084)
Total assets less current liabilities		439,874	205,255
Creditors: amounts falling due after more than one year		(169,535)	-
Total net assets (liabilities)		270,339	205,255
Capital and reserves
Called up share capital		100	100
Profit and loss account		270,239	205,155
Shareholders' funds		270,339	205,255

For the year ending 31 August 2015 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 31 May 2016

And signed on their behalf by:
FRANK DUNNE, Director

DUNNE FARMS LIMITED Registered Number NI619681

Notes to the Abbreviated Accounts for the period ended 31 August 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the total invoice value, excluding value added tax, of sales made during the year.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful economic life, as follows:
Plant & machinery – 15% reducing balance

2Tangible fixed assets

	£
Cost
At 1 September 2014	254,516
Additions	150,790
Disposals	(17,500)
Revaluations	-
Transfers	-
At 31 August 2015	387,806
Depreciation
At 1 September 2014	38,177
Charge for the year	52,838
On disposals	(2,625)
At 31 August 2015	88,390
Net book values
At 31 August 2015	299,416
At 31 August 2014	216,339