Company Registration No. 02968719 (England and Wales)
FORD & ETAL FARMS 1994 LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2016
FORD & ETAL FARMS 1994 LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
FORD & ETAL FARMS 1994 LIMITED
ABBREVIATED BALANCE SHEET
AS AT
30 SEPTEMBER 2016
30 September 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Intangible assets
2
656,500
656,500
Current assets
Debtors
289,778
223,051
Cash at bank and in hand
18,863
39,207
308,641
262,258
Creditors: amounts falling due within one year
(14,378)
(16,174)
Net current assets
294,263
246,084
Total assets less current liabilities
950,763
902,584
Capital and reserves
Called up share capital
3
330,000
330,000
Profit and loss account
620,763
572,584
Shareholders' funds
950,763
902,584
For the financial year ended 30 September 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their 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 8 May 2017
The Right Honourable James Michael Fifth Baron Joicey
Director
Company Registration No. 02968719
FORD & ETAL FARMS 1994 LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 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).
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 VAT and trade discounts.
1.4
Agricultural Tenancies
As the agricultural tenancies included within fixed assets have no ready market they are shown at cost.
Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
2
Fixed assets
Intangible assets
£
Cost
At 1 October 2015 & at 30 September 2016
656,500
At 30 September 2015
656,500
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
10,000 Ordinary shares of £1 each
10,000
10,000
320,000 Preference shares of £1 each
320,000
320,000
330,000
330,000