| REGISTERED NUMBER: |
| A & P FARMERS LIMITED |
| UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2018 |
| REGISTERED NUMBER: |
| A & P FARMERS LIMITED |
| UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2018 |
| A & P FARMERS LIMITED (REGISTERED NUMBER: SC371215) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| for the year ended 31 January 2018 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 | to | 3 |
| Notes to the Financial Statements | 4 | to | 5 |
| A & P FARMERS LIMITED |
| COMPANY INFORMATION |
| for the year ended 31 January 2018 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| Redwood |
| 19 Culduthel Road |
| Inverness |
| IV2 4AA |
| A & P FARMERS LIMITED (REGISTERED NUMBER: SC371215) |
| BALANCE SHEET |
| 31 January 2018 |
| 2018 | 2017 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES | 7 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Allotted, called up and fully |
| paid share capital |
| Profit and loss account - |
| distributable |
| SHAREHOLDERS' FUNDS |
| 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. |
| A & P FARMERS LIMITED (REGISTERED NUMBER: SC371215) |
| BALANCE SHEET - continued |
| 31 January 2018 |
| In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered. |
| The financial statements were approved by the Board of Directors on by: |
| A & P FARMERS LIMITED (REGISTERED NUMBER: SC371215) |
| NOTES TO THE FINANCIAL STATEMENTS |
| for the year ended 31 January 2018 |
| 1. | STATUTORY INFORMATION |
| A & P Farmers Limited is a |
| registered number and registered office address can be found on the Company Information page. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| The financial statements are prepared in sterling, which is the functional currency of the entity. |
| Turnover |
| Turnover represents net invoiced sales of farming services excluding value added tax and arises when the |
| work has been carried out and an invoice raised. |
| Tangible fixed assets |
| Land and buildings | - |
| Plant and machinery etc | - |
| Fixed assets are stated at cost, being purchase price, less accumulated depreciation. |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and |
| slow moving items. |
| Taxation |
| Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for |
| the current or past reporting periods. It is measured at the amount expected to be paid or recovered using |
| the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
| Deferred tax represents the future tax consequences of transactions and events recognised in the financial |
| statements of current and previous periods. It is recognised in respect of all timing differences, with certain |
| exceptions. Timing differences are differences between taxable profits and total comprehensive income as |
| stated in the financial statements that arise from the inclusion of income and expense in tax assessments in |
| periods different from those in which they are recognised in the financial statements. 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. |
| Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by |
| the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on |
| revalued, non-depreciable tangible fixed assets and investment properties is measured using the rates and |
| allowances that apply to the sale of the asset. |
| Debtors and creditors receivable/payable within one year |
| Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at |
| transaction price. Any losses arising from impairment are recognised in the profit and loss account in other |
| administrative expenses. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was NIL (2017 - NIL). |
| A & P FARMERS LIMITED (REGISTERED NUMBER: SC371215) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the year ended 31 January 2018 |
| 4. | TANGIBLE FIXED ASSETS |
| Plant and |
| Land and | machinery |
| buildings | etc | Totals |
| £ | £ | £ |
| COST |
| At 1 February 2017 |
| and 31 January 2018 |
| DEPRECIATION |
| At 1 February 2017 |
| Charge for year |
| At 31 January 2018 |
| NET BOOK VALUE |
| At 31 January 2018 |
| At 31 January 2017 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2018 | 2017 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2018 | 2017 |
| £ | £ |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 7. | PROVISIONS FOR LIABILITIES |
| 2018 | 2017 |
| £ | £ |
| Deferred tax | 646 | 807 |
| Deferred |
| tax |
| £ |
| Balance at 1 February 2017 |
| (Credit)/charge to profit and |
| loss account during year | (161 | ) |
| Balance at 31 January 2018 |
| The deferred tax balance consists of accelerated capital allowances. |