Company Registration No. 05777930 (England and Wales)
AGRICULTURAL FACILITIES LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 MARCH 2016
AGRICULTURAL FACILITIES LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
AGRICULTURAL FACILITIES LIMITED
ABBREVIATED BALANCE SHEET
AS AT
30 MARCH 2016
30 March 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
191,160
199,616
Current assets
Debtors
14,498
9,732
Cash at bank and in hand
23,044
17,325
37,542
27,057
Creditors: amounts falling due within one year
(22,953)
(23,240)
Net current assets
14,589
3,817
Total assets less current liabilities
205,749
203,433
Creditors: amounts falling due after more than one year
(320,830)
(340,573)
(115,081)
(137,140)
Capital and reserves
Called up share capital
3
100
100
Profit and loss account
(115,181)
(137,240)
Shareholders' funds
(115,081)
(137,140)
For the financial period ended 30 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476;
-
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 2 February 2017
Mrs S Rycraft
Director
Company Registration No. 05777930
AGRICULTURAL FACILITIES LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE PERIOD ENDED 30 MARCH 2016
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
The company meets its day-to-day working capital requirements through the financial support of the director. On this basis, the director considers it appropriate to prepare the financial statements on the going concern basis. The financial statements do not include any adjustments that would result from a withdrawal of this support.
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of t rade discounts.trade discounts.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets other than freehold land are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Land and buildings Freehold
2% straight line
Plant and machinery
25% reducing balance
2
Fixed assets
Tangible assets
£
Cost
At 1 April 2015
228,658
Disposals
(3,000)
At 30 March 2016
225,658
Depreciation
At 1 April 2015
29,042
On disposals
(688)
Charge for the period
6,144
At 30 March 2016
34,498
Net book value
At 30 March 2016
191,160
At 31 March 2015
199,616
AGRICULTURAL FACILITIES LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE PERIOD ENDED 30 MARCH 2016
- 3 -
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
100 Ordinary shares of £1 each
100
100
4
Related party relationships and transactions
Other transactions
The director has historically provided loans to the company. At the balance sheet date the amount due to Mrs S Rycraft was £340,831.