REGISTERED NUMBER:
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ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2016 |
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ELM FARM LIMITED |
REGISTERED NUMBER:
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ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2016 |
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FOR |
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ELM FARM LIMITED |
ELM FARM LIMITED (REGISTERED NUMBER: 09103242) |
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CONTENTS OF THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 30 JUNE 2016 |
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Company Information | 1 |
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Abbreviated Balance Sheet | 2 |
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Notes to the Abbreviated Accounts | 3 |
ELM FARM LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 30 JUNE 2016 |
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DIRECTOR: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Certified Accountants |
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ELM FARM LIMITED (REGISTERED NUMBER: 09103242) |
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ABBREVIATED BALANCE SHEET |
30 JUNE 2016 |
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2016 | 2015 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 2 |
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CURRENT ASSETS |
Debtors |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
( |
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CAPITAL AND RESERVES |
Called up share capital | 3 |
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Profit and loss account | ( |
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SHAREHOLDERS' FUNDS | ( |
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The director acknowledges his responsibilities for: |
(a) |
ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies
Act 2006 and |
(b) |
preparing financial statements which give a true and fair view of the state of affairs of the company as at the end
of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
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The financial statements were approved by the director on
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ELM FARM LIMITED (REGISTERED NUMBER: 09103242) |
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NOTES TO THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 30 JUNE 2016 |
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1. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
As at 30 June 2016, the company had net current liabilities of £412,042. Included within creditors due within one |
year is a loan from the director amounting to £424,129. The director, Mr P S Jones has given an undertaking that |
he will not seek repayment of the balance to the detriment of other creditors, and will continue to support the |
company. The director has therefore deemed it appropriate that the financial statements are prepared on a going |
concern basis. |
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Accounting convention |
The financial statements have been prepared under the historical cost convention and in accordance with the |
Financial Reporting Standard for Smaller Entities (effective January 2015). |
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Turnover |
Turnover represents net invoiced sales of services, excluding value added tax. |
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Tangible fixed assets |
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Plant and machinery etc | - |
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Deferred tax |
The charge for taxation is based on the results for the year and takes into account taxation deferred because of |
timing differences between the treatment of certain items for taxation and accounting purposes. In accordance |
with Financial Reporting Standard 19, provision is made for deferred tax in respect of all timing differences that |
have originated but not reversed by the balance sheet date. Deferred tax assets are only recognised when it is |
more likely than not that the deferred tax asset will be recovered. Deferred tax is measured using rates of tax that |
have been enacted or substantially enacted by the balance sheet date. Deferred tax balances are not |
discounted.Deferred tax is recognised in respect of all timing differences that have originated but not reversed at |
the balance sheet date. |
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Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the |
period of the lease. |
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2. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 July 2015 |
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Additions |
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At 30 June 2016 |
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DEPRECIATION |
At 1 July 2015 |
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Charge for year |
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At 30 June 2016 |
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NET BOOK VALUE |
At 30 June 2016 |
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At 30 June 2015 |
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3. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2016 | 2015 |
value: | £ | £ |
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Ordinary | £1 |
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ELM FARM LIMITED (REGISTERED NUMBER: 09103242) |
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NOTES TO THE ABBREVIATED ACCOUNTS - continued |
FOR THE YEAR ENDED 30 JUNE 2016 |
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4. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
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The following advances and credits to a director subsisted during the year ended 30 June 2016 and the period |
ended 30 June 2015: |
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2016 | 2015 |
£ | £ |
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Balance outstanding at start of year |
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Amounts advanced |
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Amounts repaid |
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Balance outstanding at end of year |
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