Adams Keyston Hill Limited
|
Registered Number
:
08054481
|
For the year ended 31 March 2019
England and Wales
Unaudited Financial Statements
For the year ended 31 March 2019
Adams Keyston Hill Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
Adams Keyston Hill Limited
Statement of Financial Position
2018
2019
Property
,
plant and equipment
|
201,515
199,188
2
318,602
330,302
3
531,817
517,790
75,110
117,665
4
Trade and other receivables
|
215,182
229,021
5
346,686
290,292
Trade and other payables
:
amounts falling due within one
|
year
|
(263,237)
(277,167)
6
27,055
69,519
Net current assets
Total assets less current liabilities
|
601,336
544,845
Trade and other payables
:
amounts falling due after more
|
than one year
|
(30,134)
(9,178)
7
592,158
Net assets
514,711
99
99
592,059
514,612
592,158
514,711
Shareholders' funds
For the year ended 31 March 2019 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 of its financial statements for the year ended 31 March 2019 in accordance with Section 476 of the Companies Act 2006
|
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section
|
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
.
|
In accordance with Section
444
of the Companies Act
2006
,
the Income Statement has not been delivered
.
|
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
|
These financial statements were approved and authorised for issue by the Board on 20 November 2019 and were signed by:
|
The notes form part of these financial statements
|
1 of 4
For the year ended 31 March 2019
Adams Keyston Hill Limited
Notes to the Financial Statements
Statutory Information
Adams Keyston Hill Limited is a private limited company
,
limited by shares
,
domiciled in England and Wales
,
|
registration number
08054481
.
|
Keyston Hill Farm
Keyston
Haverfordwest
Pembrokeshire
SA62 6EJ
The presentation currency is £ sterling
.
|
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section
1
A of Financial
|
Reporting Standard
102
'
The Financial Reporting Standard applicable in the UK and Republic of Ireland
'
and the
|
Companies Act
2006
.
The financial statements have been prepared under the historical costs convention as
|
modified by the revaluation of certain assets
.
|
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
|
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
|
Plant and machinery
Computer equipment
Motor vehicles
No depreciation is provided on the company
''
s freehold properties since in the opinion of the directors the expected
|
useful lives are sufficiently long and the estimated residual values are sufficiently high that any such depreciation
|
would be immaterial
.
The directors undertake an annual impairment review of these properties
.
|
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.
|
Inventories
Stocks 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 costs and an appropriate proportion of fixed and variable overheads.
|
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the profit and loss account.
|
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
2 of 4
For the year ended 31 March 2019
Adams Keyston Hill Limited
Notes to the Financial Statements Continued
2
.
Property
,
plant and equipment
|
290,217
-
279,418
10,799
47,210
758
46,452
-
-
(17,216)
-
(17,216)
10,799
308,654
758
320,211
Provision for depreciation and impairment
|
91,029
-
91,029
-
Charge for year
31,517
114
31,403
-
(3,850)
-
(3,850)
-
118,696
114
118,582
-
10,799
190,072
644
201,515
10,799
188,389
-
199,188
3
.
Investments held as fixed assets
|
330,302
330,302
330,302
330,302
330,302
330,302
330,302
330,302
2018
2019
117,665
75,110
3 of 4
For the year ended 31 March 2019
Adams Keyston Hill Limited
Notes to the Financial Statements Continued
5
.
Trade and other receivables
|
2018
2019
103,390
92,203
125,631
122,979
215,182
229,021
6
.
Trade and other payables
:
amounts falling due within one year
|
2018
2019
64,728
75,629
85,147
58,419
Taxation and social security
|
20,254
5,683
107,038
123,506
277,167
263,237
7
.
Trade and other payables
:
amounts falling due after more than one year
|
2018
2019
9,178
30,134
4 of 4