Almodington Nurseries Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 01710615 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30TH SEPTEMBER 2015

FOR

ALMODINGTON NURSERIES LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

J L Swain

C J Wade

Mrs A Wade

J C Wade

SECRETARY:

Mrs A Wade

REGISTERED OFFICE:

76 Aldwick Road

Bognor Regis

West Sussex

PO21 2PE

REGISTERED NUMBER:

01710615 (England and Wales)

ACCOUNTANTS:

Bromley Clackett Limited

76 Aldwick Road

Bognor Regis

West Sussex

PO21 2PE

FIXED ASSETS

Tangible assets

2

1,331,154

1,341,119

Investments

3

100

1,331,254

1,341,219

CURRENT ASSETS

Stocks

-

19,954

Debtors

4,840

9,030

Cash at bank and in hand

18,978

6,750

23,818

35,734

CREDITORS

Amounts falling due within one year

270,817

273,379

NET CURRENT LIABILITIES

(246,999

)

(237,645

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,084,255

1,103,574

CAPITAL AND RESERVES

Called up share capital

4

3,686

Revaluation reserve

1,185,002

Profit and loss account

(104,433

)

(85,114

)

SHAREHOLDERS' FUNDS

1,084,255

1,103,574

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 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 9th June 2016 and were signed on its behalf by:

C J Wade - 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 amounts receivable for 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 etc

-

25% on reducing balance, 15% on reducing balance and 10% on cost

Depreciation is not provided on freehold property as, in the opinion of the directors, the depreciation charge and

accumulated depreciation are immaterial as a result or high residual values. This is a departure from the

Companies Act that states that all assets with a finite life should be depreciated however, the departure is

considered necessary for the accounts to show a true and fair view.

No depreciation is provided for in respect of freehold land.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

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

sheet date.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st October 2014

1,542,169

Additions

4,472

Disposals

(27,730

)

At 30th September 2015

1,518,911

DEPRECIATION

At 1st October 2014

201,050

Charge for year

4,721

Eliminated on disposal

(18,014

)

At 30th September 2015

187,757

NET BOOK VALUE

At 30th September 2015

1,331,154

At 30th September 2014

1,341,119

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1st October 2014

and 30th September 2015

100

NET BOOK VALUE

At 30th September 2015

100

At 30th September 2014

100

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.15

30.9.14

value:

£

3,686

Ordinary

£1

3,686

5.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Mr & Mrs C J Wade own a nursery in partnership. During the year the company did not pay a service charge for

the use of facilities to Mr & Mrs C J Wade. (2014: £12,528).