DUNNE FARMS LIMITED


DUNNE FARMS LIMITED

Company Registration Number:
NI619681 (Northern Ireland)

Unaudited abridged accounts for the year ended 31 August 2017

Period of accounts

Start date: 01 September 2016

End date: 31 August 2017

DUNNE FARMS LIMITED

Contents of the Financial Statements

for the Period Ended 31 August 2017

Balance sheet
Notes

DUNNE FARMS LIMITED

Balance sheet

As at 31 August 2017


Notes

2017

2016


£

£
Fixed assets
Tangible assets: 3 141,927 65,990
Total fixed assets: 141,927 65,990
Current assets
Stocks: 243,550 130,085
Debtors:   632,730 250,638
Cash at bank and in hand: 105,838 65,107
Total current assets: 982,118 445,830
Creditors: amounts falling due within one year:   (214,282) (169,535)
Net current assets (liabilities): 767,836 276,295
Total assets less current liabilities: 909,763 342,285
Total net assets (liabilities): 909,763 342,285
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 909,663 342,185
Shareholders funds: 909,763 342,285

The notes form part of these financial statements

DUNNE FARMS LIMITED

Balance sheet statements

For the year ending 31 August 2017 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 26 April 2018
and signed on behalf of the board by:

Name: Samuel Evans
Status: Director

The notes form part of these financial statements

DUNNE FARMS LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2017

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

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

Tangible fixed assets and depreciation policy

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost less reidual value,of each asset systematically over it's expected useful life, as follows:Plant and machinery 15% reducing balanceMotor vehicles 20% reducing balance

Other accounting policies

Foreign currenciesMonetary assets and liabilities denominated in foreign currencies are translated into pounds sterling at the rates of exchange prevailing at the accounting date. Transactions in foreign currencies are recorded at the date of the transactions. All differences are taken to the Profit and Loss account.Stock on handStock on hand is valued at the lower of cost or net realiasable value.

DUNNE FARMS LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2017

2. Employees

2017 2016
Average number of employees during the period 2 2

DUNNE FARMS LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2017

3. Tangible Assets

Total
Cost £
At 01 September 2016 116,877
Additions 95,373
At 31 August 2017 212,250
Depreciation
At 01 September 2016 50,887
Charge for year 19,436
At 31 August 2017 70,323
Net book value
At 31 August 2017 141,927
At 31 August 2016 65,990