Abbreviated Company Accounts - DUNNE FARMS LIMITED

Abbreviated Company Accounts - DUNNE FARMS LIMITED


Registered Number NI619681

DUNNE FARMS LIMITED

Abbreviated Accounts

31 August 2016

DUNNE FARMS LIMITED Registered Number NI619681

Abbreviated Balance Sheet as at 31 August 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 65,990 299,416
65,990 299,416
Current assets
Stocks 130,085 229,079
Debtors 250,638 149,571
Cash at bank and in hand 65,107 9,963
445,830 388,613
Creditors: amounts falling due within one year (169,535) (248,155)
Net current assets (liabilities) 276,295 140,458
Total assets less current liabilities 342,285 439,874
Creditors: amounts falling due after more than one year 0 (169,535)
Total net assets (liabilities) 342,285 270,339
Capital and reserves
Called up share capital 100 100
Profit and loss account 342,185 270,239
Shareholders' funds 342,285 270,339
  • For the year ending 31 August 2016 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 9 March 2018

And signed on their behalf by:
Samuel Evans, Director

DUNNE FARMS LIMITED Registered Number NI619681

Notes to the Abbreviated Accounts for the period ended 31 August 2016

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 on all tangible fixed assets, at rates calculated to write off the cost less residual value, of each asset systematically over it's expected useful life, as follows:

Plant and machinery - 15% reducing balance

Other accounting policies
Stock on hand
Stock on hand is valued at the lower of cost or net realiasable value.

2Tangible fixed assets
£
Cost
At 1 September 2015 387,806
Additions -
Disposals (270,929)
Revaluations -
Transfers -
At 31 August 2016 116,877
Depreciation
At 1 September 2015 88,390
Charge for the year 17,530
On disposals (55,033)
At 31 August 2016 50,887
Net book values
At 31 August 2016 65,990
At 31 August 2015 299,416