REGISTERED NUMBER: 03723484 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST AUGUST 2018

FOR

A & L POULTRY LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

R L Adams

SECRETARY:

Mrs J Adams

REGISTERED OFFICE:

Brookside Farm

Carr Moss Lane

Ormskirk

Lancashire

L39 8RU

REGISTERED NUMBER:

03723484 (England and Wales)

ACCOUNTANTS:

TLL Accountants

7-9 Station Road

Hesketh Bank

Preston

Lancashire

PR4 6SN

FIXED ASSETS

Tangible assets

4

306,198

303,822

CURRENT ASSETS

Stocks

36,434

10,000

Debtors

5

13,328

19,037

Cash at bank and in hand

1,108

4,078

50,870

33,115

CREDITORS

Amounts falling due within one year

6

179,055

145,459

NET CURRENT LIABILITIES

(128,185

)

(112,344

)

TOTAL ASSETS LESS CURRENT LIABILITIES

178,013

191,478

CREDITORS

Amounts falling due after more than one year

7

(141,318

)

(155,482

)

PROVISIONS FOR LIABILITIES

(2,786

)

(721

)

NET ASSETS

33,909

35,275

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

33,908

35,274

SHAREHOLDERS' FUNDS

33,909

35,275

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st August 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st August 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director on 24th May 2019 and were signed by:

R L Adams - Director

1.	STATUTORY INFORMATION

A & L Poultry Ltd 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" 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.

Freehold property

-

2% on cost

Plant and machinery

-

25% on reducing balance

Office equipment

-

25% on reducing balance

Motor vehicles

-

25% 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.

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.

Going concern

The Accounts have been prepared on a going concern basis which the director believes to be appropriate having

considered the next 12 months trading, despite there being net current liabilities. Within creditors due within one

year is a balance of £41,569 in addition to £75,000 due after one year owed to the director which he has given

assurances that he will not withdraw until the company is in such a position to do so.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2017 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Plant and

Office

Motor

property

machinery

equipment

vehicles

Totals

£

£

£

£

£

COST

At 1st September 2017

397,568

87,492

2,853

21,832

509,745

Additions

-

-

-

16,045

16,045

At 31st August 2018

397,568

87,492

2,853

37,877

525,790

DEPRECIATION

At 1st September 2017

100,662

81,491

2,640

21,130

205,923

Charge for year

7,929

1,500

53

4,187

13,669

At 31st August 2018

108,591

82,991

2,693

25,317

219,592

NET BOOK VALUE

At 31st August 2018

288,977

4,501

160

12,560

306,198

At 31st August 2017

296,906

6,001

213

702

303,822

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

Motor

vehicles

£

COST

Additions

16,045

At 31st August 2018

16,045

DEPRECIATION

Charge for year

4,011

At 31st August 2018

4,011

NET BOOK VALUE

At 31st August 2018

12,034

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

13,328

15,485

VAT

-

3,552

13,328

19,037

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Bank loans and overdrafts

22,813

22,013

Hire purchase contracts

3,560

-

Trade creditors

98,095

56,935

Tax

4,934

15,142

Social security and other taxes

416

216

VAT

1,253

-

Directors' current accounts

41,569

44,838

Accrued expenses

6,415

6,315

179,055

145,459

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2018

2017

£

£

Bank loans - 2-5 years

57,418

80,482

Hire purchase contracts

8,900

-

Directors' loan account

75,000

75,000

141,318

155,482

8.	CONTROL OF THE ENTITY

The company is controlled by the director by virtue of his 100% ownership of the issued share capital.