G & J A Chandler Ltd - Period Ending 2017-10-31

Registration number: 06698309

G & J A Chandler Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 31 October 2017

Chartered Accountants

G & J A Chandler Ltd

Contents

Company Information	1
Accountants' Report	2
Balance Sheet	3
Notes to the Financial Statements	4

G & J A Chandler Ltd

Company Information

Directors

Mr Guy Chandler Mrs Julie A Chandler

Company secretary

Mrs Julie A Chandler

Registered office

Unity Chambers 34 High East Street Dorchester Dorset DT1 1HA

Accountants

Edwards & Keeping Chartered Accountants Unity Chambers 34 High East Street Dorchester Dorset DT1 1HA

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Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
G & J A Chandler Ltd
for the Year Ended 31 October 2017

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of G & J A Chandler Ltd for the year ended 31 October 2017 as set out on pages 3 to 4 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/en/members/regulations-standards-and-guidance/.

This report is made solely to the Board of Directors of G & J A Chandler Ltd, as a body, in accordance with the terms of our engagement letter dated 19 September 2008. Our work has been undertaken solely to prepare for your approval the accounts of G & J A Chandler Ltd and state those matters that we have agreed to state to the Board of Directors of G & J A Chandler Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than G & J A Chandler Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that G & J A Chandler Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of G & J A Chandler Ltd. You consider that G & J A Chandler Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of G & J A Chandler Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Edwards & Keeping
Chartered Accountants
Unity Chambers
34 High East Street
Dorchester
Dorset
DT1 1HA

31 July 2018

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G & J A Chandler Ltd

(Registration number: 06698309)
Balance Sheet as at 31 October 2017

	Note	2017		2016
		£	£	£	£
Fixed assets			201,575		214,386
Current assets		278,902		278,554
Prepayments and accrued income		15,471		15,586
Creditors: Amounts falling due within one year		(58,213)		(54,169)
Net current assets			236,160		239,971
Total assets less current liabilities			437,735		454,357
Accruals and deferred income			(2,229)		(1,300)
			435,506		453,057
Capital and reserves			435,506		453,057

These financial statements have been prepared in accordance with the micro-entity provisions of the Companies Act 2006 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

For the financial year ending 31 October 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Approved and authorised by the Board on 31 July 2018 and signed on its behalf by:
 

.........................................

Mr Guy Chandler

Director

.........................................

Mrs Julie A Chandler

Company secretary and director

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G & J A Chandler Ltd

Notes to the Financial Statements
for the Year Ended 31 October 2017

1	General information

The company is a private company limited by share capital incorporated in England.

The address of its registered office is:
Unity Chambers
34 High East Street
Dorchester
Dorset
DT1 1HA
United Kingdom

The principal place of business is:
Summerleaze Farm
Front Street
East Stour
Gillingham
SP8 5LQ

Basis of preparation

The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.

2	Related party transactions

At the year end directors were owing the company £94,771 (2017 £99,883).

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G & J A Chandler Ltd

Detailed Profit and Loss Account
for the Year Ended 31 October 2017

	2017		2016
	£	£	£	£
Turnover		480,456		389,859
Cost of sales		(172,556)		(150,656)
Gross profit		307,900		239,203
Gross profit (%)		64.08%		61.36%
Administrative expenses
Employment costs	(24,756)		(30,221)
Establishment costs	(113,875)		(99,488)
General administrative expenses	(52,627)		(37,550)
Finance charges	(1,617)		(253)
Depreciation costs	(12,081)		(12,775)
Other expenses	250		-
	(204,706)		(180,287)
Operating profit	103,194		58,916
Interest payable and similar expenses	(381)		(165)
Profit before tax		102,813		58,751

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G & J A Chandler Ltd

Detailed Profit and Loss Account
for the Year Ended 31 October 2017

Turnover
Cattle sales	27,272	35,373
Milk	316,940	266,965
Subsidies	20,264	15,599
Planning consultancy income	6,788	1,922
Management charges	105,000	70,000
Rent receivable	4,192	-
	480,456	389,859

Cost of sales
Opening stock	53,080	50,640
Cattle bought	12,750	-
Bull purchased	2,000	-
Dairy herd adjustment	14,300	1,950
Feed	14,468	28,179
Grass keep	825	1,225
Hay straw and silage	16,502	8,455
Fertiliser, seeds and sprays	13,944	14,297
Milk recording fees	2,192	2,251
Medicines and veterinary fees	5,903	10,189
A I fees and semen	6,590	4,525
Dairy sundries	7,166	7,280
Closing stock	(47,300)	(53,080)
Subcontract labour and heifer rearing	70,136	74,745
	172,556	150,656

Employment costs
Wages and salaries	(1,850)	(14,117)
Directors remuneration	(22,906)	(16,104)
	(24,756)	(30,221)

Establishment costs
Rent	(68,620)	(35,500)
Rates	(1,131)	-
Water rates	(2,824)	(3,110)
Light, heat and power	(8,785)	(12,366)
Insurance	(1,721)	(11,166)
Farmhouse expenses	(2,181)	(3,521)
Repairs and maintenance	(24,275)	(29,033)
Equipment repairs and renewals	(4,338)	(4,792)
	(113,875)	(99,488)

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G & J A Chandler Ltd

Detailed Profit and Loss Account
for the Year Ended 31 October 2017

General administrative expenses
Contract, hire and haulage	(32,007)	(20,573)
Telephone	(443)	(255)
Computer costs	(1,542)	(1,228)
Printing, postage and stationery	(220)	(205)
Subscriptions	(1,219)	(1,472)
Sundry expenses	(1,795)	(782)
Planning consultancy expenses	(563)	(411)
Motor expenses	(3,970)	(3,374)
Fuel and oil	(5,038)	(3,894)
Accountancy fees	(2,600)	(2,536)
Consultancy fees	(2,252)	(2,145)
Legal and professional fees	(978)	(675)
	(52,627)	(37,550)

Finance charges
Bank charges	(1,617)	(253)

Depreciation costs
Depreciation	(12,081)	(12,775)

Other expenses
Profit on disposal of machinery	250	-

Interest payable and similar expenses
Bank interest payable	(381)	(165)

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