Birdcombe Farm Limited - Limited company - abbreviated - 11.0.0

Birdcombe Farm Limited - Limited company - abbreviated - 11.0.0

BIRDCOMBE FARM,LIMITED - Company Information

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REGISTERED NUMBER: 00409003


















BIRDCOMBE FARM LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2013





Llewelyn Davies
Chartered Accountants
Yelverton House
St John Street
Whitland
Carmarthenshire
SA34 0AW








BIRDCOMBE FARM LIMITED (REGISTERED NUMBER: 00409003)

CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2013










Page

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 3

BIRDCOMBE FARM LIMITED (REGISTERED NUMBER: 00409003)

ABBREVIATED BALANCE SHEET
31 DECEMBER 2013

2013 2012
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 109,070 109,070
Tangible assets 3 500,548 479,617
609,618 588,687

CURRENT ASSETS
Stocks 78,985 69,750
Debtors 36,127 32,907
Investments 51,147 53,856
Cash at bank 21,456 16,759
187,715 173,272
CREDITORS
Amounts falling due within one year 4 232,137 250,396
NET CURRENT LIABILITIES (44,422 ) (77,124 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
565,196
511,563

CREDITORS
Amounts falling due after more than
one year
4
67,615
55,573
NET ASSETS 497,581 455,990

CAPITAL AND RESERVES
Called up share capital 5 20,000 20,000
Share premium 69,436 69,436
Profit and loss account 408,145 366,554
SHAREHOLDERS' FUNDS 497,581 455,990

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2013 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 notes form part of these abbreviated accounts

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BIRDCOMBE FARM LIMITED (REGISTERED NUMBER: 00409003)

ABBREVIATED BALANCE SHEET - continued
31 DECEMBER 2013


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 30 September 2014 and were
signed on its behalf by:





Mr P Wyatt - Director


The notes form part of these abbreviated accounts

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BIRDCOMBE FARM LIMITED (REGISTERED NUMBER: 00409003)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2013


1. ACCOUNTING POLICIES

Basis of preparing the financial statements
The directors have a reasonable expectation that the company has access to adequate funding, as
well as the ongoing support of its director for it to continue trading for the foreseeable future. the
company has bank borrowings in the form of a loan and an overdraft facility within which it
operates. The directors are not aware of any reason why the loan and overdraft facility might be
withdrawn. As a result of this, the director continues to adopt the going concern basis of
accounting.

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, 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Freehold property - not provided
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance and 15% on reducing balance

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance
sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives.
Those held under finance leases are depreciated over their estimated useful lives or the lease
term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the
relevant period. The capital element of the future payments is treated as a liability.

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. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 January 2013
and 31 December 2013 109,070
NET BOOK VALUE

At 31 December 2013 109,070
At 31 December 2012 109,070

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BIRDCOMBE FARM LIMITED (REGISTERED NUMBER: 00409003)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2013


3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 January 2013 684,075
Additions 53,951
Disposals (16,650 )
At 31 December 2013 721,376
DEPRECIATION
At 1 January 2013 204,458
Charge for year 26,279
Eliminated on disposal (9,909 )
At 31 December 2013 220,828
NET BOOK VALUE
At 31 December 2013 500,548
At 31 December 2012 479,617

4. CREDITORS

Creditors include an amount of £ 192,998 (2012 - £ 176,471 ) for which security has been given.

They also include the following debts falling due in more than five years:

2013 2012
£    £   
Repayable by instalments 18,002 26,675

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2013 2012
value: £    £   
20,000 Ordinary £1 20,000 20,000

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