Company Registration No. 06697274 (England and Wales)
South Downs Venison and Game Limited
Unaudited accounts
for the year ended 30 September 2019
South Downs Venison and Game Limited
Unaudited accounts
Contents
South Downs Venison and Game Limited
Company Information
for the year ended 30 September 2019
Directors
Mr J Smallman
Mrs J Smallman
Company Number
06697274 (England and Wales)
Registered Office
BOYES BARN WHITES HILL
OWSLEBURY
WINCHESTER
WINCHESTER
SO21 1LT
ENGLAND
South Downs Venison and Game Limited
Statement of financial position
as at
30 September 2019
Tangible assets
58,340
66,083
Inventories
19,000
19,250
Cash at bank and in hand
10,359
23,864
Creditors: amounts falling due within one year
(76,586)
(56,313)
Net current (liabilities)/assets
(15,578)
14,648
Total assets less current liabilities
42,762
80,731
Creditors: amounts falling due after more than one year
10,012
(82,139)
Provisions for liabilities
Other provisions
(3,675)
(3,675)
Net assets/(liabilities)
49,099
(5,083)
Called up share capital
2
2
Profit and loss account
49,097
(5,085)
Shareholders' funds
49,099
(5,083)
For the year ending 30 September 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 25 June 2020 and were signed on its behalf by
Mr J Smallman
Director
Company Registration No. 06697274
South Downs Venison and Game Limited
Notes to the Accounts
for the year ended 30 September 2019
South Downs Venison and Game Limited is a private company, limited by shares, registered in England and Wales, registration number 06697274. The registered office is BOYES BARN WHITES HILL, OWSLEBURY, WINCHESTER, WINCHESTER, SO21 1LT, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
10% Reducing Balance
Plant & machinery
20% Reducing Balance
Motor vehicles
25% Reducing Balance
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
South Downs Venison and Game Limited
Notes to the Accounts
for the year ended 30 September 2019
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At cost
At 1 October 2018
41,567
158,678
29,999
230,244
Additions
-
4,000
-
4,000
At 30 September 2019
41,567
162,678
29,999
234,244
At 1 October 2018
22,186
116,939
25,036
164,161
Charge for the year
2,154
8,348
1,241
11,743
At 30 September 2019
24,340
125,287
26,277
175,904
At 30 September 2019
17,227
37,391
3,722
58,340
At 30 September 2018
19,381
41,739
4,963
66,083
Raw materials
19,000
19,250
Trade debtors
31,649
27,847
7
Creditors: amounts falling due within one year
2019
2018
Trade creditors
25,672
15,714
Taxes and social security
8,044
-
Non-equity preference shares
2,790
2,790
Other creditors
35,039
32,768
Deferred income
4,191
4,191
8
Creditors: amounts falling due after more than one year
2019
2018
Bank loans
(10,012)
82,139
9
Average number of employees
During the year the average number of employees was 0 (2018: 0).