Company Registration No. 01631054 (England and Wales)
ALEXANDER & ANGELL (FARMS) LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2016
ALEXANDER & ANGELL (FARMS) LIMITED
CONTENTS
Page
Abbreviated balance sheet
1 - 2
Notes to the abbreviated accounts
3 - 4
ALEXANDER & ANGELL (FARMS) LIMITED
ABBREVIATED BALANCE SHEET
AS AT
30 SEPTEMBER 2016
30 September 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
1,840,977
1,354,993
Investments
2
9,998
9,998
1,850,975
1,364,991
Current assets
Stocks
774,009
688,777
Debtors
435,315
498,144
Cash at bank and in hand
236,515
355,747
1,445,839
1,542,668
Creditors: amounts falling due within one year
(881,807)
(755,493)
Net current assets
564,032
787,175
Total assets less current liabilities
2,415,007
2,152,166
Creditors: amounts falling due after more than one year
3
(1,663,466)
(1,441,444)
Provisions for liabilities
(112,674)
(97,878)
638,867
612,844
Capital and reserves
Called up share capital
4
10,000
10,000
Profit and loss account
628,867
602,844
Shareholders' funds
638,867
612,844
ALEXANDER & ANGELL (FARMS) LIMITED
ABBREVIATED BALANCE SHEET (CONTINUED)
AS AT
30 SEPTEMBER 2016
30 September 2016
- 2 -
For the financial year ended 30 September 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 15 December 2016
Mr A B Hope
Director
Company Registration No. 01631054
ALEXANDER & ANGELL (FARMS) LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2016
- 3 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1.2
Compliance with accounting standards
The accounts have been prepared in accordance with applicable accounting standards.
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Land and buildings Leasehold
Straight line over 15 - 20 years
Plant and machinery
Straight line over 10 - 20 years
1.5
Investments
Fixed asset investments are stated at cost less provision for diminution in value.
2
Fixed assets
Tangible assets
Investments
Total
£
£
£
Cost
At 1 October 2015
3,006,660
9,998
3,016,658
Additions
604,232
-
604,232
Disposals
(36,600)
-
(36,600)
At 30 September 2016
3,574,292
9,998
3,584,290
Depreciation
At 1 October 2015
1,651,666
-
1,651,666
On disposals
(36,600)
-
(36,600)
Charge for the year
118,249
-
118,249
At 30 September 2016
1,733,315
-
1,733,315
Net book value
At 30 September 2016
1,840,977
9,998
1,850,975
At 30 September 2015
1,354,993
9,998
1,364,991
ALEXANDER & ANGELL (FARMS) LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2016
- 4 -
3
Creditors: amounts falling due after more than one year
2016
2015
£
£
Analysis of loans repayable in more than five years
Total amounts repayable by instalments which are due in more than five years
674,606
553,250
The aggregate amount of creditors for which security has been given amounted to £744,258 (2015 - £792,010).
The bank loan is secured by a fixed and floating charge over the assets of the company and a cross guarantee and debenture from the parent company Alexander & Angell Limited .
Included in creditors due after one year is a loan due to Alexander & Angell Limited, the parent company.
The loan is repayable on a minimum of one years notice from the date of the accounts. No interest is charged on the loan.
4
Share capital
2016
2015
£
£
Allotted, called up and fully paid
10,000 Ordinary of £1 each
10,000
10,000