Registered number: 05950506 | ||||||||
FOR THE YEAR ENDED 30/09/2018 | ||||||||
Prepared By: | ||||||||
Greenhalgh Johnson Ltd | ||||||||
Accountants and Tax Advisers | ||||||||
Elland House | ||||||||
22 High Street | ||||||||
Burgh le Marsh | ||||||||
Lincolnshire | ||||||||
PE24 5EP |
A & S Agricultural Services Ltd | ||||||||
ACCOUNTS | ||||||||
FOR THE YEAR ENDED 30/09/2018 | ||||||||
DIRECTORS | ||||||||
SECRETARY | ||||||||
Andrew William Limb | ||||||||
REGISTERED OFFICE | ||||||||
Lincolnshire | ||||||||
COMPANY DETAILS | ||||||||
Private company limited by shares registered in EW - England and Wales, registered number 05950506 | ||||||||
BANKERS | ||||||||
Lloyds | ||||||||
ACCOUNTANTS | ||||||||
Greenhalgh Johnson Ltd | ||||||||
Accountants and Tax Advisers | ||||||||
Elland House | ||||||||
22 High Street | ||||||||
Burgh le Marsh | ||||||||
Lincolnshire | ||||||||
PE24 5EP |
A & S Agricultural Services Ltd | ||||||||
ACCOUNTS | ||||||||
FOR THEYEARENDED30/09/2018 | ||||||||
CONTENTS | ||||||||
Page | ||||||||
Directors' Report | - | |||||||
Accountants' Report | - | |||||||
Statement Of Comprehensive Income | - | |||||||
Balance Sheet | 3 | |||||||
Notes To The Accounts | 4 | |||||||
The following do not form part of the statutory financial statements: | ||||||||
Trading And Profit And Loss Account | - | |||||||
Profit And Loss Account Summaries | - |
A & S Agricultural Services Ltd | ||||||||
BALANCE SHEET AT | ||||||||||
2018 | 2017 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Tangible assets | 2 | |||||||||
CURRENT ASSETS | ||||||||||
Stock | ||||||||||
Debtors | 4 | |||||||||
Cash at bank and in hand | ||||||||||
58,083 | 57,590 | |||||||||
CREDITORS: Amounts falling due within one year | 5 | |||||||||
NET CURRENT LIABILITIES | ( | (21,683) | ||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES | ||||||||||
CREDITORS: Amounts falling due after more than one year | 6 | - | 5,105 | |||||||
PROVISIONS FOR LIABILITIES AND CHARGES | 8 | |||||||||
NET ASSETS | ||||||||||
CAPITAL AND RESERVES | ||||||||||
Called up share capital | 9 | |||||||||
Profit and loss account | 3,708 | 4,228 | ||||||||
SHAREHOLDERS' FUNDS | ||||||||||
Approved by the board on | ||||||||||
............................. | ||||||||||
Director | ||||||||||
............................. | ||||||||||
Stephen James Limb | ||||||||||
Director | ||||||||||
A & S Agricultural Services Ltd | ||||||||
NOTES TO THE ACCOUNTS | ||||||||||
FOR THE YEAR ENDED 30/09/2018 | ||||||||||
1. ACCOUNTING POLICIES |
1a. Basis Of Accounting | ||||||||
The accounts have been prepared under the historical cost convention. | ||||||||
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 . |
1b. Depreciation | ||||||||
Plant and Machinery | reducing balance 25% |
1c. Stocks | ||||||||
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs. | ||||||||
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs. |
2. TANGIBLE FIXED ASSETS | ||||
Plant and | ||||
Machinery | Total | |||
£ | £ | |||
Cost | ||||
At 01/10/2017 | 81,683 | 81,683 | ||
Additions | 20,179 | 20,179 | ||
At 30/09/2018 | 101,862 | 101,862 | ||
Depreciation | ||||
At 01/10/2017 | 43,389 | 43,389 | ||
For the year | 14,620 | 14,620 | ||
At 30/09/2018 | 58,009 | 58,009 | ||
Net Book Amounts | ||||
At 30/09/2018 | 43,853 | |||
At 30/09/2017 | 38,294 | |||
3. STOCK | 2018 | 2017 | ||||
£ | £ | |||||
Stock comprises: | ||||||
Stock raw materials | ||||||
A & S Agricultural Services Ltd | ||||||||
4. DEBTORS | 2018 | 2017 | ||||||
£ | £ | |||||||
Amounts falling due within one year | ||||||||
Trade debtors | 27,924 | 31,487 | ||||||
27,924 | 31,487 | |||||||
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2018 | 2017 | |||||||
£ | £ | |||||||
UK corporation tax | 7,032 | 6,430 | ||||||
VAT | 7,237 | 7,806 | ||||||
Directors C/A - Stephen Limb | 29,862 | 27,558 | ||||||
Directors C/A - Andrew Limb | 29,862 | 27,558 | ||||||
Bank loans and overdrafts | 190 | 550 | ||||||
Hire purchase | 5,105 | 4,960 | ||||||
Trade creditors | 9,429 | 3,286 | ||||||
Accruals | 1,177 | 1,125 | ||||||
89,894 | 79,273 | |||||||
6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR | ||||||||
2018 | 2017 | |||||||
£ | £ | |||||||
Hire purchase >1yr | - | 5,105 | ||||||
- | 5,105 | |||||||
7. EMPLOYEES | ||||||
2018 | 2017 | |||||
No. | No. | |||||
Average number of employees | 3 | 2 | ||||
8. PROVISIONS FOR LIABILITIES | 2018 | 2017 | ||||||
£ | £ | |||||||
Deferred taxation | 8,332 | 7,276 | ||||||
8,332 | 7,276 | |||||||
A & S Agricultural Services Ltd | ||||||||
9. SHARE CAPITAL | 2018 | 2017 | ||||||
£ | £ | |||||||
Allotted, issued and fully paid: | ||||||||
2 | 2 | |||||||
2 | 2 | |||||||
10. CONTROLLING PARTY | ||||||||
The directors are considered to be the ultimate controlling party by virtue of their ability to act in concert in respect of the operational and financial policies of the Company. | ||||||||