Adams Keyston Hill Limited |
Registered Number:08054481 |
For the year ended 31 March 2023
England and Wales
Unaudited Financial Statements
For the year ended 31 March 2023
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
2022
2023
Property, plant and equipment |
182,510
203,367
2
381,836
354,777
3
537,287
585,203
126,083
154,197
4
Trade and other receivables |
432,232
574,615
5
728,812
558,315
Trade and other payables: amounts falling due within one |
year |
(340,240)
(267,192)
6
218,075
461,620
Net current assets
Total assets less current liabilities |
998,907
803,278
998,907
Net assets
803,278
99
99
998,808
803,179
998,907
803,278
Shareholders' funds
For the year ended 31 March 2023 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 2023 in accordance with Section 476 of the Companies Act 2006 |
The director acknowledges his 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 15 December 2023 and were signed by: |
The notes form part of these financial statements |
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For the year ended 31 March 2023
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 1A 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
Fixtures and fittings
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.
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For the year ended 31 March 2023
Adams Keyston Hill Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment |
377,373
758
-
304,674
71,941
9,400
-
-
9,400
-
-
-
(3,250)
-
(3,250)
310,824
-
758
383,523
71,941
Provision for depreciation and impairment |
174,006
406
-
173,600
-
Charge for year
27,007
-
7,505
19,502
-
201,013
406
7,505
193,102
-
71,941
117,722
(7,505)
352
182,510
71,941
131,074
-
352
203,367
3. Investments held as fixed assets |
381,836
381,836
(27,059)
(27,059)
354,777
354,777
354,777
354,777
381,836
381,836
Dairy Production Herd
2022
2023
154,197
126,083
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For the year ended 31 March 2023
Adams Keyston Hill Limited
Notes to the Financial Statements Continued
5. Trade and other receivables |
2022
2023
134,906
117,908
439,709
314,324
432,232
574,615
6. Trade and other payables: amounts falling due within one year |
2022
2023
91,786
78,951
75,454
123,698
Taxation and social security |
58,626
85,199
41,326
52,392
267,192
340,240
7. Related party transactions |
The Farm Rent of £87,591 (2022- £70,000) was paid to a partnership under the control of the directors, at an arm's |
length market value. |
8. Average number of persons employed |
During the year the average number of employees was 4 (2022 : 4)
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