Registration number:
A & JM Bunting Limited
for the Year Ended 31 March 2017
Chartered Accountants
The Old Vicarage
51 St. John Street
Ashbourne
Derbyshire
DE6 1GP
A & JM Bunting Limited
Contents
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Company Information |
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Balance Sheet |
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Notes to the Financial Statements |
A & JM Bunting Limited
Company Information
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Directors |
Mr A Bunting Mrs J M Bunting |
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Registered office |
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Accountants |
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Page 1 |
A & JM Bunting Limited
(Registration number: 06748903)
Balance Sheet as at 31 March 2017
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2016 |
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Tangible assets |
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Current assets |
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Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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Net current assets |
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Total assets less current liabilities |
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Provisions for liabilities |
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Net assets |
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Capital and reserves |
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Allotted, called up and fully paid share capital |
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Profit and loss account |
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Total equity |
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For the financial year ending 31 March 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered to the Registrar of Companies in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account and directors' report has been taken.
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Page 2 |
A & JM Bunting Limited
(Registration number: 06748903)
Balance Sheet as at 31 March 2017
Approved and authorised by the
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Page 3 |
A & JM Bunting Limited
Notes to the Financial Statements for the Year Ended 31 March 2017
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General information |
The company is a private company limited by share capital incorporated in United Kingdom registration number: 06748903.
The address of its registered office is:
England
The principal place of business is:
Melbourne Farm
Monyash Road
Bakewell
Derbyshire
DE45 1QW
These financial statements were authorised for issue by the
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Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
The presentation currency is £ sterling.
Tangible assets
Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
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Page 4 |
A & JM Bunting Limited
Notes to the Financial Statements for the Year Ended 31 March 2017
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Asset class |
Depreciation method and rate |
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Buildings |
5% straight line basis |
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Plant and machinery |
15% reducing balance |
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Computer equipment |
33% straight line basis |
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
Biological assets, living plants and animals are included at the lower of cost and estimated selling price less costs to sell. Cost is determined on a first in first out basis, net realisable value is based on estimated selling price, less any costs which may arise on realisation. Purchased livestock is valued at cost of purchase plus costs of rearing to the valuation date or to maturity, if earlier. Livestock which is homebred, farm reared or acquired some time before maturity and matured on the farm is valued at deemed cost at the following rates: cattle and sheep 60% and 75% of open market value, herds and flocks on herd basis.
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Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
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Page 5 |
A & JM Bunting Limited
Notes to the Financial Statements for the Year Ended 31 March 2017
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Tangible assets |
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Land and buildings |
Furniture, fittings and equipment |
Plant and machinery |
Total |
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Cost or valuation |
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At 1 April 2016 |
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Additions |
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Disposals |
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At 31 March 2017 |
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Depreciation |
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At 1 April 2016 |
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Charge for the year |
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Eliminated on disposal |
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At 31 March 2017 |
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Carrying amount |
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At 31 March 2017 |
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At 31 March 2016 |
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Debtors |
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2017 |
2016 |
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Trade debtors |
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Prepayments |
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Other debtors |
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Page 6 |
A & JM Bunting Limited
Notes to the Financial Statements for the Year Ended 31 March 2017
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Creditors |
Creditors: amounts falling due within one year
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Note |
2017 |
2016 |
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Due within one year |
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Loans and borrowings |
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Trade creditors |
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Taxation and social security |
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Other creditors |
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Loans and borrowings |
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2017 |
2016 |
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Current loans and borrowings |
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Director loans |
160 |
38 |
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Transition to FRS 102 |
There were no transition adjustments to be made.
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Page 7 |