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REGISTERED NUMBER: 06269247 (England and Wales)


















































Unaudited Financial Statements

for the Year Ended 30 November 2017

for

A & S Kings Dairy Limited

A & S Kings Dairy Limited (Registered number: 06269247)






Contents of the Financial Statements
for the Year Ended 30 November 2017




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


A & S Kings Dairy Limited

Company Information
for the Year Ended 30 November 2017







DIRECTORS: A K King
Mrs S J King





SECRETARY: Mrs S J King





REGISTERED OFFICE: The Old Post Office
41-43 Market Place
Chippenham
Wiltshire
SN15 3HR





REGISTERED NUMBER: 06269247 (England and Wales)





ACCOUNTANTS: Mander Duffill
Chartered Accountants
The Old Post Office
41-43 Market Place
Chippenham
Wiltshire
SN15 3HR

A & S Kings Dairy Limited (Registered number: 06269247)

Balance Sheet
30 November 2017

30.11.17 30.11.16
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 97,327 109,777
Herd basis 5 105,500 102,680
202,827 212,457

CURRENT ASSETS
Stocks 44,110 34,857
Debtors 6 47,428 52,632
91,538 87,489
CREDITORS
Amounts falling due within one year 7 202,362 199,734
NET CURRENT LIABILITIES (110,824 ) (112,245 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

92,003

100,212

CREDITORS
Amounts falling due after more than one
year

8

91,301

100,099
NET ASSETS 702 113

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 602 13
SHAREHOLDERS' FUNDS 702 113

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2017 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

A & S Kings Dairy Limited (Registered number: 06269247)

Balance Sheet - continued
30 November 2017


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 28 August 2018 and were signed on its
behalf by:





A K King - Director


A & S Kings Dairy Limited (Registered number: 06269247)

Notes to the Financial Statements
for the Year Ended 30 November 2017

1. STATUTORY INFORMATION

A & S Kings Dairy Limited is a private company, limited by shares , registered in England and Wales.
The company's registered number and registered office address can be found on the Company
Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance, 25% on cost and 15% on reducing balance

Stocks
Stock has been valued at the lower of cost and estimated selling price less costs to sell. In respect of
work in progress, cost includes a relevant proportion of overheads according to the stage of
manufacture or completion

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement,
except to the extent that it relates to items recognised in other comprehensive income or directly in
equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been
enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at
the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods
different from those in which they are recognised in financial statements. Deferred tax is measured
using tax rates and laws that have been enacted or substantively enacted by the year end and that are
expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable
that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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.

A & S Kings Dairy Limited (Registered number: 06269247)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2017

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2016 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2016 188,798
Additions 5,500
Disposals (1,719 )
At 30 November 2017 192,579
DEPRECIATION
At 1 December 2016 79,021
Charge for year 17,514
Eliminated on disposal (1,283 )
At 30 November 2017 95,252
NET BOOK VALUE
At 30 November 2017 97,327
At 30 November 2016 109,777

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases
are as follows:

Plant and
machinery
etc
£   
COST
At 1 December 2016 73,750
Additions 5,500
At 30 November 2017 79,250
DEPRECIATION
At 1 December 2016 2,605
Charge for year 11,497
At 30 November 2017 14,102
NET BOOK VALUE
At 30 November 2017 65,148
At 30 November 2016 71,145

A & S Kings Dairy Limited (Registered number: 06269247)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2017

5. HERD BASIS
Dairy
herd
basis
£   
COST
At 1 December 2016 102,680
Disposals (9,066 )
Cost of dairy herd replacement (1,114 )
Transfer 13,000
At 30 November 2017 105,500
NET BOOK VALUE
At 30 November 2017 105,500
At 30 November 2016 102,680

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.17 30.11.16
£    £   
Trade debtors 21,652 25,051
Other debtors 25,776 27,581
47,428 52,632

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.17 30.11.16
£    £   
Trade creditors 141,370 132,057
Other creditors 60,992 67,677
202,362 199,734

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.17 30.11.16
£    £   
Other creditors 91,301 100,099