Company Registration No. 07328678 (England and Wales)
Harvesters Farm Kennels Ltd
Unaudited accounts
for the year ended 30 September 2021
Harvesters Farm Kennels Ltd
Unaudited accounts
Contents
Harvesters Farm Kennels Ltd
Statement of financial position
as at
30 September 2021
Tangible assets
24,357
36,386
Cash at bank and in hand
30,967
11,444
Creditors: amounts falling due within one year
(29,959)
(24,680)
Net current assets/(liabilities)
2,383
(9,876)
Total assets less current liabilities
26,740
26,510
Creditors: amounts falling due after more than one year
(38,333)
(47,500)
Provisions for liabilities
Deferred tax
(13,131)
(13,131)
Net liabilities
(24,724)
(34,121)
Called up share capital
1
1
Profit and loss account
(24,725)
(34,122)
Shareholders' funds
(24,724)
(34,121)
For the year ending 30 September 2021 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 director acknowledges her 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 and authorised for issue on 30 September 2022 and were signed on its behalf by
P Munday
Director
Company Registration No. 07328678
Harvesters Farm Kennels Ltd
Notes to the Accounts
for the year ended 30 September 2021
Harvesters Farm Kennels Ltd is a private company, limited by shares, registered in England and Wales, registration number 07328678. The registered office is 31 HIGH STREET, NEEDHAM MARKET, SUFFOLK, IP6 8AL.
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.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Straight line
Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight basis over their estimated useful economic lives. Impairment of intangible fixed assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Stocks and work-in-progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.
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 is not provided on timing differences arising from the revaluation of fixed assets where there is no commitment to sell the asset.
Deferred tax assets and liabilities are not discounted.
Harvesters Farm Kennels Ltd
Notes to the Accounts
for the year ended 30 September 2021
4
Intangible fixed assets
Goodwill
At 30 September 2021
5,000
At 30 September 2021
5,000
5
Tangible fixed assets
Plant & machinery
Cost or valuation
At cost
At 1 October 2020
256,272
At 30 September 2021
256,272
At 1 October 2020
219,886
Charge for the year
12,029
At 30 September 2021
231,915
At 30 September 2021
24,357
At 30 September 2020
36,386
Amounts falling due within one year
Accrued income and prepayments
1,250
1,722
7
Creditors: amounts falling due within one year
2021
2020
Bank loans and overdrafts
10,000
2,500
Trade creditors
1,275
1,629
Taxes and social security
17,581
5,634
Other creditors
575
1,200
Loans from directors
528
13,717
Harvesters Farm Kennels Ltd
Notes to the Accounts
for the year ended 30 September 2021
8
Creditors: amounts falling due after more than one year
2021
2020
9
Share capital
2021
2020
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
10
Average number of employees
During the year the average number of employees was 4 (2020: 4).