REGISTERED NUMBER: 06269247 (England and Wales)

Abbreviated Accounts

for the Year Ended 30 November 2016

for

A & S Kings Dairy Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

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

FIXED ASSETS

Tangible assets

2

109,777

57,936

Herd basis

3

102,680

96,300

212,457

154,236

CURRENT ASSETS

Stocks

34,857

27,641

Debtors

52,632

28,349

87,489

55,990

CREDITORS

Amounts falling due within one year

199,734

144,246

NET CURRENT LIABILITIES

(112,245

)

(88,256

)

TOTAL ASSETS LESS CURRENT LIABILITIES

100,212

65,980

CREDITORS

Amounts falling due after more than one year

4

100,099

76,048

NET ASSETS/(LIABILITIES)

113

(10,068

)

CAPITAL AND RESERVES

Called up share capital

5

100

100

Profit and loss account

13

(10,168

)

SHAREHOLDERS' FUNDS

113

(10,068

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2016 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.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 31 August 2017 and were signed on its behalf by:

A K King - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance

with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Intangible assets

Milk quotas are being written off equally over a period of 2 years.

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

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Office equipment

-

25% on cost and 15% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for

obsolete and slow moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

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 the profit and loss account over the relevant

period. The capital element of the future payments is treated as a liability.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 December 2015

153,481

Additions

71,054

Disposals

(35,737

)

At 30 November 2016

188,798

DEPRECIATION

At 1 December 2015

95,545

Charge for year

7,850

Eliminated on disposal

(24,374

)

At 30 November 2016

79,021

NET BOOK VALUE

At 30 November 2016

109,777

At 30 November 2015

57,936

3.	HERD BASIS

Dairy

herd

basis

£

COST

At 1 December 2015

96,300

Additions

8,610

Disposals

(15,647

)

Cost of dairy herd replacement

(2,583

)

Transfer

16,000

At 30 November 2016

102,680

NET BOOK VALUE

At 30 November 2016

102,680

At 30 November 2015

96,300

4.

CREDITORS

Creditors include the following debts falling due in more than five years:

30.11.16

30.11.15

£

£

Repayable by instalments

53,798

-

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.11.16

30.11.15

value:

£

£

100

Ordinary

£1

100

100