Registered Number 06484813
THE FARM SHOP LYNE LTD
Abbreviated Accounts
31 December 2015
Notes | 2015 | 2014 | |
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£ | £ | ||
Fixed assets | |||
Intangible assets | 2 |
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Tangible assets | 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 |
( |
( |
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Net current assets (liabilities) |
( |
( |
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Total assets less current liabilities |
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Creditors: amounts falling due after more than one year |
( |
( |
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Provisions for liabilities |
( |
( |
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Total net assets (liabilities) |
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Capital and reserves | |||
Called up share capital |
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Profit and loss account |
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Shareholders' funds |
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Approved by the Board on
And signed on their behalf by:
1 Accounting Policies
Basis of measurement and preparation of accounts
Turnover policy
Tangible assets depreciation policy
Plant & Machinery 25% reducing balance
Fixtures & Fittings 25% reducing balance
Motor vehicles 25% reducing balance
Intangible assets amortisation policy
Other accounting policies
Controlling Party: The directors R & C Ashford control the company by virtue of a majority shareholding.
Future Trading & Current Economic Environment: Subsequent to the financial year end the company has continued to trade successfully without the need for increased bank or trade facilities. Bank overdraft facilities have been renewed and the directors consider this a key factor in the ongoing profitability of the company. Despite the uncertainty of future trading conditions, the directors are confident that the company will continue to be profitable. As a result they have adopted the going concern basis of accounting.
£ | |
---|---|
Cost | |
At 1 January 2015 |
|
Additions |
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Disposals |
|
Revaluations |
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Transfers |
|
At 31 December 2015 |
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Amortisation | |
At 1 January 2015 |
|
Charge for the year |
|
On disposals |
|
At 31 December 2015 |
|
Net book values | |
At 31 December 2015 | 66,052 |
At 31 December 2014 | 75,498 |
£ | |
---|---|
Cost | |
At 1 January 2015 |
|
Additions |
|
Disposals |
|
Revaluations |
|
Transfers |
|
At 31 December 2015 |
|
Depreciation | |
At 1 January 2015 |
|
Charge for the year |
|
On disposals |
|
At 31 December 2015 |
|
Net book values | |
At 31 December 2015 | 66,408 |
At 31 December 2014 | 25,946 |