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Abbreviated Accounts |
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for the Year Ended 31 December 2015 |
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for |
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Alex Stewart Agriculture Limited |
REGISTERED NUMBER:
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Abbreviated Accounts |
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for the Year Ended 31 December 2015 |
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for |
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Alex Stewart Agriculture Limited |
Alex Stewart Agriculture Limited (Registered number: 01501780) |
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Contents of the Abbreviated Accounts |
for the Year Ended 31 December 2015 |
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Page |
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Company Information | 1 |
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Abbreviated Balance Sheet | 2 |
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Notes to the Abbreviated Accounts | 3 |
Alex Stewart Agriculture Limited |
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Company Information |
for the Year Ended 31 December 2015 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Alex Stewart Agriculture Limited (Registered number: 01501780) |
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Abbreviated Balance Sheet |
31 December 2015 |
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31.12.15 | 31.12.14 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 2 |
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Investments | 3 |
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CURRENT ASSETS |
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 | 4 |
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NET CURRENT LIABILITIES | ( |
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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 |
Called up share capital | 5 |
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Profit and loss account |
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SHAREHOLDERS' FUNDS |
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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. |
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The financial statements were approved by the Board of Directors on
by: |
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Alex Stewart Agriculture Limited (Registered number: 01501780) |
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Notes to the Abbreviated Accounts |
for the Year Ended 31 December 2015 |
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1. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
As directors, we have considered the financial position of the company. We believe that the company's financial |
statements should be prepared on a going concern basis on the grounds that current and future sources of |
funding or support will be more than adequate for the company's needs. We have considered a period of twelve |
months from the date of approval of the financial statements. We believe that no further disclosures relating to |
the company's ability to continue as a going concern need to be made in the financial statements. |
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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). |
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Turnover |
Turnover represents the fair value of services provided under contracts with customers to the extent that there is |
a right to consideration. It is measured at the fair value of consideration due. Where a service is incomplete at |
the year end, turnover represents the value of the service provided to that date based on an appropriate |
proportion of the total expected consideration at completion. |
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Tangible fixed assets |
Fixed assets are recognised at historical cost less depreciation. Depreciation is provided at the following annual |
rates in order to write off each asset over its estimated useful life. |
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Plant and machinery | - 25% on reducing balance |
Fixtures and fittings | - 25% on reducing balance |
Computer equipment | - 25% on reducing balance |
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Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and |
slow moving items. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the |
balance sheet date. |
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The deferred tax is measured at the rate expected to apply in the periods in which the timing differences are |
expected to reverse, based on the tax rates and laws that are enacted or substantially enacted at the balance |
sheet date. |
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Timing differences arise from the inclusion of items of income and expenditure in taxation computations in |
periods different from those in which they are included in the company financial statements. |
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Foreign currencies |
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the |
balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling |
at the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
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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. |
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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. |
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Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the |
period of the lease. |
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Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's pension |
scheme are charged to the profit and loss account in the period to which they relate. |
Alex Stewart Agriculture Limited (Registered number: 01501780) |
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Notes to the Abbreviated Accounts - continued |
for the Year Ended 31 December 2015 |
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2. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 January 2015 |
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Additions |
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At 31 December 2015 |
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DEPRECIATION |
At 1 January 2015 |
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Charge for year |
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At 31 December 2015 |
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NET BOOK VALUE |
At 31 December 2015 |
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At 31 December 2014 |
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3. | FIXED ASSET INVESTMENTS |
Investments |
other |
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loans |
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COST |
At 1 January 2015 | 222,100 |
Additions | 100 |
At 31 December 2015 | 222,200 |
NET BOOK VALUE |
At 31 December 2015 |
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At 31 December 2014 |
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The company's investments at the Balance Sheet date in the share capital of companies include the following: |
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Wholly owned, dormant subsidiary companies |
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A Norman Tate & Co Limited |
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Alex Stewart Food Test Lab Limited |
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4. | CREDITORS |
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Creditors include an amount of £
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5. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.12.15 | 31.12.14 |
value: | £ | £ |
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Ordinary | £1 |
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Alex Stewart Agriculture Limited (Registered number: 01501780) |
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Notes to the Abbreviated Accounts - continued |
for the Year Ended 31 December 2015 |
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6. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
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The following advances and credits to a director subsisted during the years ended 31 December 2015 and |
31 December 2014: |
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31.12.15 | 31.12.14 |
£ | £ |
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Balance outstanding at start of year |
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Amounts advanced |
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Amounts repaid |
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Balance outstanding at end of year |
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