Company Registration No. 06697274 (England and Wales)
South Downs Venison and Game Limited
Unaudited accounts
for the year ended 30 September 2017
South Downs Venison and Game Limited
Unaudited accounts
Contents
South Downs Venison and Game Limited
Company Information
for the year ended 30 September 2017
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 2017
Tangible assets
80,327
74,755
Inventories
19,250
19,250
Cash at bank and in hand
18,916
29,606
Creditors: amounts falling due within one year
(34,288)
(61,568)
Net current assets
19,307
15,062
Total assets less current liabilities
99,634
89,817
Creditors: amounts falling due after more than one year
(82,139)
(82,139)
Provisions for liabilities
Other provisions
(3,675)
(3,675)
Called up share capital
2
2
Profit and loss account
13,818
4,001
Shareholders' funds
13,820
4,003
For the year ending 30 September 2017 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.
Approved by the Board on 15 June 2018.
Mr J Smallman
Director
Company Registration No. 06697274
South Downs Venison and Game Limited
Notes to the Accounts
for the year ended 30 September 2017
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.
These financial statements for the year ended 30 September 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 October 2015.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
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 2017
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At cost
At 1 October 2016
41,567
135,464
29,999
207,030
Additions
-
23,214
-
23,214
At 30 September 2017
41,567
158,678
29,999
230,244
At 1 October 2016
17,639
93,461
21,175
132,275
Charge for the year
2,393
13,043
2,206
17,642
At 30 September 2017
20,032
106,504
23,381
149,917
At 30 September 2017
21,535
52,174
6,618
80,327
At 30 September 2016
23,928
42,003
8,824
74,755
Raw materials
19,250
19,250
Trade debtors
13,079
25,424
Other debtors
2,350
2,350
7
Creditors: amounts falling due within one year
2017
2016
Obligations under finance leases and hire purchase contracts
-
3,789
Taxes and social security
(3,848)
4,539
Non-equity preference shares
2,790
2,790
Other creditors
15,310
50,450
8
Creditors: amounts falling due after more than one year
2017
2016
9
Average number of employees
During the year the average number of employees was 4 (2016: 4).