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Abbreviated Unaudited Accounts for the Year Ended 30 June 2015 |
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Bates Bros. (Farms) Limited |
REGISTERED NUMBER:
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Abbreviated Unaudited Accounts for the Year Ended 30 June 2015 |
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for |
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Bates Bros. (Farms) Limited |
Bates Bros. (Farms) Limited (Registered number: 00539386) |
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Contents of the Abbreviated Accounts |
for the Year Ended 30 June 2015 |
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Company Information | 1 |
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Abbreviated Balance Sheet | 2 |
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Notes to the Abbreviated Accounts | 4 |
Bates Bros. (Farms) Limited |
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Company Information |
for the Year Ended 30 June 2015 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
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Bates Bros. (Farms) Limited (Registered number: 00539386) |
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Abbreviated Balance Sheet |
30 June 2015 |
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2015 | 2014 |
Notes | £ | £ | £ | £ |
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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CREDITORS |
Amounts falling due within one year | 4 |
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NET CURRENT 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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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 5 |
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Profit and loss account |
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SHAREHOLDERS' FUNDS |
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The directors acknowledge their responsibilities for: |
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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. |
Bates Bros. (Farms) Limited (Registered number: 00539386) |
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Abbreviated Balance Sheet - continued |
30 June 2015 |
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The financial statements were approved by the Board of Directors on
its behalf by: |
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Bates Bros. (Farms) Limited (Registered number: 00539386) |
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Notes to the Abbreviated Accounts |
for the Year Ended 30 June 2015 |
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1. | ACCOUNTING POLICIES |
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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 April 2008). |
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Turnover |
Turnover represents income receivable from farming activities, excluding value added tax. |
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Tangible fixed assets |
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Land and buildings | - |
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Plant and machinery etc | - |
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Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for |
obsolete and slow moving items. |
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Deferred tax |
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 |
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. |
Those held under hire purchase contracts are depreciated over their estimated useful lives. Those |
held under finance leases are depreciated over their estimated useful lives or the lease term, |
whichever is the shorter. |
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The interest element of these obligations is charged to the profit and loss account over the relevant |
period. The capital element of the future payments is treated as a liability. |
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2. | INTANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 July 2014 |
and 30 June 2015 |
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AMORTISATION |
At 1 July 2014 |
and 30 June 2015 |
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NET BOOK VALUE |
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At 30 June 2015 |
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At 30 June 2014 |
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Bates Bros. (Farms) Limited (Registered number: 00539386) |
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Notes to the Abbreviated Accounts - continued |
for the Year Ended 30 June 2015 |
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3. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 July 2014 |
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Additions |
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Disposals | ( |
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At 30 June 2015 |
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DEPRECIATION |
At 1 July 2014 |
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Charge for year |
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Eliminated on disposal | ( |
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At 30 June 2015 |
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NET BOOK VALUE |
At 30 June 2015 |
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At 30 June 2014 |
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4. | CREDITORS |
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Creditors include an amount of £
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They also include the following debts falling due in more than five years: |
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2015 | 2014 |
£ | £ |
Repayable otherwise than by instalments | 304,500 | 304,500 |
Repayable by instalments | 305,353 | 344,385 |
609,853 | 648,885 |
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5. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2015 | 2014 |
value: | £ | £ |
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Ordinary 'A' | £1 |
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Ordinary 'B' | £1 |
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Ordinary 'C' | £1 |
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Ordinary 'D' | £1 |
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Ordinary 'E' | £1 |
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5,000 | 5,000 |
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6. | GOING CONCERN |
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Although at the balance sheet date the company had net current liabilities it has the support of its |
financiers and is able to pay all liabilities as they fall due. |