G.E. Symms & Son Limited - Accounts to registrar - small 16.3d
G.E. Symms & Son Limited - Accounts to registrar - small 16.3d
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2016 |
| FOR |
| G.E. SYMMS & SON LIMITED |
| G.E. SYMMS & SON LIMITED (REGISTERED NUMBER: 06503728) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| for the Year Ended 31 March 2016 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| G.E. SYMMS & SON LIMITED |
| COMPANY INFORMATION |
| for the Year Ended 31 March 2016 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Manchester House |
| High Street |
| Stalbridge |
| Sturminster Newton |
| Dorset |
| DT10 2LL |
| G.E. SYMMS & SON LIMITED (REGISTERED NUMBER: 06503728) |
| BALANCE SHEET |
| 31 March 2016 |
| 2016 | 2015 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 5 |
| Tangible assets | 6 |
| Herd basis | 7 | 334,268 | 313,962 |
| CURRENT ASSETS |
| Stocks | 8 |
| Debtors | 9 |
| CREDITORS |
| Amounts falling due within one year | 10 |
| NET CURRENT ASSETS/(LIABILITIES) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
11 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Revaluation reserve | 13 |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| The director acknowledges his 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. |
| G.E. SYMMS & SON LIMITED (REGISTERED NUMBER: 06503728) |
| BALANCE SHEET - continued |
| 31 March 2016 |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements were approved by the director on |
| G.E. SYMMS & SON LIMITED (REGISTERED NUMBER: 06503728) |
| NOTES TO THE FINANCIAL STATEMENTS |
| for the Year Ended 31 March 2016 |
| 1. | STATUTORY INFORMATION |
| G.E. Symms & Son Limited is a |
| company's registered number and registered office address can be found on the Company Information page. |
| 2. | STATEMENT OF COMPLIANCE |
| 3. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| These financial statements for the year ended 31 March 2016 are the first financial statements that comply with |
| FRS 102 Section 1A "Small Entities". The date of transition is 1 April 2014. |
| The transition to FRS 102 Section 1A "Small Entities" has resulted in no changes in accounting policies to those |
| used previously, with no impact on opening equity and profit for the comparative year. |
| The financial statements have been prepared under the historical cost convention. |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
| value added tax and other sales taxes. |
| Entitlements to single farm payment |
| Acquired entitlements are written off in equal annual instalments over its estimated useful economic life of 4 |
| years. |
| Tangible fixed assets |
| Improvements to property | - |
| Plant and machinery | - |
| Motor vehicles | - |
| 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 profit or loss over the relevant period. The capital element |
| of the future payments is treated as a liability. |
| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the |
| lease. |
| 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 profit or loss in the period to which they relate. |
| G.E. SYMMS & SON LIMITED (REGISTERED NUMBER: 06503728) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 31 March 2016 |
| 4. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 5. | INTANGIBLE FIXED ASSETS |
| Entitlements |
| £ |
| COST |
| At 1 April 2015 |
| and 31 March 2016 |
| AMORTISATION |
| At 1 April 2015 |
| and 31 March 2016 |
| NET BOOK VALUE |
| At 31 March 2016 |
| At 31 March 2015 |
| 6. | TANGIBLE FIXED ASSETS |
| Improvements |
| Freehold | to | Plant and | Motor |
| property | property | machinery | vehicles | Totals |
| £ | £ | £ | £ | £ |
| COST OR VALUATION |
| At 1 April 2015 |
| Additions |
| At 31 March 2016 |
| DEPRECIATION |
| At 1 April 2015 |
| Charge for year |
| At 31 March 2016 |
| NET BOOK VALUE |
| At 31 March 2016 |
| At 31 March 2015 |
| Cost or valuation at 31 March 2016 is represented by: |
| Improvements |
| Freehold | to | Plant and | Motor |
| property | property | machinery | vehicles | Totals |
| £ | £ | £ | £ | £ |
| Valuation in 2014 | 58,206 | - | - | - | 58,206 |
| Cost | 726,794 | 151,876 | 373,337 | 179,058 | 1,431,065 |
| 785,000 | 151,876 | 373,337 | 179,058 | 1,489,271 |
| G.E. SYMMS & SON LIMITED (REGISTERED NUMBER: 06503728) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 31 March 2016 |
| 6. | TANGIBLE FIXED ASSETS - continued |
| Fixed assets, included in the above, which are held under hire purchase contracts are as follows: |
| Plant and | Motor |
| machinery | vehicles | Totals |
| £ | £ | £ |
| COST OR VALUATION |
| At 1 April 2015 |
| Transfer to ownership | (5,100 | ) | (45,000 | ) | (50,100 | ) |
| At 31 March 2016 |
| DEPRECIATION |
| At 1 April 2015 |
| Charge for year |
| Transfer to ownership | - | (28,728 | ) | (28,728 | ) |
| At 31 March 2016 |
| NET BOOK VALUE |
| At 31 March 2016 |
| At 31 March 2015 |
| 7. | HERD BASIS |
| Dairy |
| herd |
| basis |
| £ |
| COST |
| At 1 April 2015 | 313,962 |
| Additions | 20,306 |
| At 31 March 2016 | 334,268 |
| NET BOOK VALUE |
| At 31 March 2016 | 334,268 |
| At 31 March 2015 | 313,962 |
| 8. | STOCKS |
| 2016 | 2015 |
| £ | £ |
| Stocks |
| 9. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2016 | 2015 |
| £ | £ |
| Trade debtors |
| Other debtors |
| Directors' current accounts | 83,962 | - |
| VAT |
| G.E. SYMMS & SON LIMITED (REGISTERED NUMBER: 06503728) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 31 March 2016 |
| 10. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2016 | 2015 |
| £ | £ |
| Bank loans and overdrafts |
| Hire purchase contracts |
| Trade creditors |
| Tax |
| Social security and other taxes |
| Directors' current accounts | - | 186,431 |
| 11. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2016 | 2015 |
| £ | £ |
| Bank loans more 5 yr by instal |
| Hire purchase contracts |
| Amounts falling due in more than five years: |
| Repayable by instalments |
| Bank loans more 5 yr by instal | 1,516,608 | 1,105,802 |
| 12. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 2016 | 2015 |
| £ | £ |
| Hire purchase contracts | 55,835 | 79,548 |
| 13. | RESERVES |
| Revaluation |
| reserve |
| £ |
| At 1 April 2015 |
| and 31 March 2016 |