REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
W. HOYES & SONS LIMITED |
|
ABBREVIATED UNAUDITED ACCOUNTS |
|
FOR THE YEAR ENDED 5 APRIL 2016 |
|
|
|
|
|
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
W. HOYES & SONS LIMITED |
|
ABBREVIATED UNAUDITED ACCOUNTS |
|
FOR THE YEAR ENDED 5 APRIL 2016 |
|
|
|
|
|
W. HOYES & SONS LIMITED (REGISTERED NUMBER: 01823807) |
|
CONTENTS OF THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 5 APRIL 2016 |
|
|
|
|
|
|
|
|
|
|
Page |
|
Company Information | 1 |
|
Abbreviated Balance Sheet | 2 |
|
Notes to the Abbreviated Accounts | 3 |
W. HOYES & SONS LIMITED |
|
COMPANY INFORMATION |
FOR THE YEAR ENDED 5 APRIL 2016 |
|
|
|
|
|
|
|
DIRECTORS: |
|
|
|
|
|
|
|
SECRETARY: |
|
|
|
|
|
|
REGISTERED OFFICE: |
|
|
|
|
|
|
|
|
|
|
REGISTERED NUMBER: |
|
|
|
|
|
|
ACCOUNTANTS: |
|
Chartered Certified Accountants |
|
|
|
|
|
W. HOYES & SONS LIMITED (REGISTERED NUMBER: 01823807) |
|
ABBREVIATED BALANCE SHEET |
5 APRIL 2016 |
|
2016 | 2015 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 2 |
|
|
Tangible assets | 3 |
|
|
|
|
|
CURRENT ASSETS |
Stocks |
|
|
Debtors |
|
|
Cash at bank |
|
|
|
|
CREDITORS |
Amounts falling due within one year |
|
|
NET CURRENT ASSETS |
|
|
TOTAL ASSETS LESS CURRENT
LIABILITIES |
|
|
|
PROVISIONS FOR LIABILITIES |
|
|
NET ASSETS |
|
|
|
CAPITAL AND RESERVES |
Called up share capital | 4 |
|
|
Profit and loss account |
|
|
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. |
|
|
|
|
The financial statements were approved by the Board of Directors on
|
|
|
|
|
|
|
|
W. HOYES & SONS LIMITED (REGISTERED NUMBER: 01823807) |
|
NOTES TO THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 5 APRIL 2016 |
|
|
1. | ACCOUNTING POLICIES |
|
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). |
|
Turnover |
Turnover represents self billed net invoiced goods, received from corn and produce merchants, as well as goods invoiced by |
the company,excluding value added tax. |
|
Intangible fixed assets |
Amortisation is provided at the following annual rates in order to write off each asset over its estimated useful life. |
|
Entitlements - Straight line over 1 year |
|
Tangible fixed assets |
|
|
Farm implements | - |
|
Office equipment | - |
|
Motor vehicles | - |
|
Tractors | - |
|
|
Freehold property |
(excluding land) - Straight line over 10 years |
|
Stocks |
The professional valuation was carried out by Masons Chartered Surveyors of Louth, on the basis of cost of production, |
using the accepted conventions to arrive at deemed cost where actual costs are not accurately ascertainable. |
|
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date |
where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or |
to receive more tax. Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the |
periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet |
date. |
|
Hire purchase and operating lease agreements |
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets and depreciated over |
the shorter of the lease term and their useful lives. Finance leases are those where substantially all the benefits and risks of |
ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance |
charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as |
to produce a constant periodic rate of charge on the net obligation outstanding in each period. |
|
Rentals paid under operating leases are charged to the profit and loss account in a straight line basis over the period of the |
lease. |
W. HOYES & SONS LIMITED (REGISTERED NUMBER: 01823807) |
|
NOTES TO THE ABBREVIATED ACCOUNTS - continued |
FOR THE YEAR ENDED 5 APRIL 2016 |
|
|
2. | INTANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 6 April 2015 |
|
Additions |
|
At 5 April 2016 |
|
AMORTISATION |
At 6 April 2015 |
and 5 April 2016 |
|
NET BOOK VALUE |
|
At 5 April 2016 |
|
At 5 April 2015 |
|
|
3. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 6 April 2015 |
|
Additions |
|
Disposals | ( |
) |
At 5 April 2016 |
|
DEPRECIATION |
At 6 April 2015 |
|
Charge for year |
|
Eliminated on disposal | ( |
) |
At 5 April 2016 |
|
NET BOOK VALUE |
At 5 April 2016 |
|
At 5 April 2015 |
|
|
Included in freehold land and buildings is land which has not been depreciated amounting to £986,582 (2015 - £986,582). |
|
4. | CALLED UP SHARE CAPITAL |
|
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2016 | 2015 |
value: | £ | £ |
|
Ordinary | £1 |
|
|
|
5. | RELATED PARTY DISCLOSURES |
|
|
W. HOYES & SONS LIMITED (REGISTERED NUMBER: 01823807) |
|
NOTES TO THE ABBREVIATED ACCOUNTS - continued |
FOR THE YEAR ENDED 5 APRIL 2016 |
|
|
5. | RELATED PARTY DISCLOSURES - continued |
|
During the year £14,080 (2015 - £14,080) was paid to the directors in respect of land owned by them and rented to the |
company as follows: |
|
2016 | 2015 |
£ | £ |
Mr J W Hoyes | 7,040 | 7,040 |
Mr P Hoyes | 7,040 | 7,040 |
|
Included within other creditors is an amount due to the directors £591,011 (2015: £565,541), being the balance on their |
current account. |