DUNNE FARMS LIMITED


DUNNE FARMS LIMITED

Company Registration Number:
NI619681 (Northern Ireland)

Unaudited abridged accounts for the year ended 31 August 2018

Period of accounts

Start date: 01 September 2017

End date: 31 August 2018

DUNNE FARMS LIMITED

Contents of the Financial Statements

for the Period Ended 31 August 2018

Balance sheet
Notes

DUNNE FARMS LIMITED

Balance sheet

As at 31 August 2018


Notes

2018

2017


£

£
Fixed assets
Tangible assets: 2 333,652 141,927
Total fixed assets: 333,652 141,927
Current assets
Stocks: 370,640 243,550
Debtors:   759,152 632,730
Cash at bank and in hand: 82,239 105,838
Total current assets: 1,212,031 982,118
Creditors: amounts falling due within one year:   (106,594) (214,282)
Net current assets (liabilities): 1,105,437 767,836
Total assets less current liabilities: 1,439,089 909,763
Total net assets (liabilities): 1,439,089 909,763
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 1,438,989 909,663
Shareholders funds: 1,439,089 909,763

The notes form part of these financial statements

DUNNE FARMS LIMITED

Balance sheet statements

For the year ending 31 August 2018 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 21 September 2018
and signed on behalf of the board by:

Name: Jason Mooney
Status: Director

The notes form part of these financial statements

DUNNE FARMS LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2018

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 residual 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 2018

2. Tangible Assets

Total
Cost £
At 01 September 2017 212,250
Additions 275,136
At 31 August 2018 487,386
Depreciation
At 01 September 2017 70,323
Charge for year 83,411
At 31 August 2018 153,734
Net book value
At 31 August 2018 333,652
At 31 August 2017 141,927