back to EAST RIDING FARMERS LIMITED detail East Riding Farmers Limited - Accounts to registrar (filleted) - small 18.2
IRIS Accounts Production v18.3.1.72 00359703 Board of Directors 1.4.17 31.3.18 31.3.18 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure003597032017-03-31003597032018-03-31003597032017-04-012018-03-31003597032016-03-31003597032016-04-012017-03-31003597032017-03-3100359703ns15:EnglandWales2017-04-012018-03-3100359703ns14:PoundSterling2017-04-012018-03-3100359703ns10:Director12017-04-012018-03-3100359703ns10:PrivateLimitedCompanyLtd2017-04-012018-03-3100359703ns10:SmallEntities2017-04-012018-03-3100359703ns10:AuditExempt-NoAccountantsReport2017-04-012018-03-3100359703ns10:SmallCompaniesRegimeForDirectorsReport2017-04-012018-03-3100359703ns10:SmallCompaniesRegimeForAccounts2017-04-012018-03-3100359703ns10:FullAccounts2017-04-012018-03-3100359703ns10:Director22017-04-012018-03-3100359703ns10:RegisteredOffice2017-04-012018-03-3100359703ns5:CurrentFinancialInstruments2018-03-3100359703ns5:CurrentFinancialInstruments2017-03-3100359703ns5:Non-currentFinancialInstruments2018-03-3100359703ns5:Non-currentFinancialInstruments2017-03-3100359703ns5:ShareCapital2018-03-3100359703ns5:ShareCapital2017-03-3100359703ns5:RevaluationReserve2018-03-3100359703ns5:RevaluationReserve2017-03-3100359703ns5:RetainedEarningsAccumulatedLosses2018-03-3100359703ns5:RetainedEarningsAccumulatedLosses2017-03-3100359703ns5:PlantMachinery2017-04-012018-03-3100359703ns5:LandBuildings2017-03-3100359703ns5:PlantMachinery2017-03-3100359703ns5:LandBuildings2017-04-012018-03-3100359703ns5:LandBuildings2018-03-3100359703ns5:PlantMachinery2018-03-3100359703ns5:LandBuildings2017-03-3100359703ns5:PlantMachinery2017-03-3100359703ns5:LandBuildingsns5:LeasedAssetsHeldAsLessee2017-03-3100359703ns5:LandBuildingsns5:LeasedAssetsHeldAsLessee2018-03-3100359703ns5:LandBuildingsns5:LeasedAssetsHeldAsLessee2017-03-3100359703ns5:CurrentFinancialInstrumentsns5:WithinOneYear2018-03-3100359703ns5:CurrentFinancialInstrumentsns5:WithinOneYear2017-03-3100359703ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2018-03-3100359703ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2017-03-3100359703ns5:BetweenTwoFiveYearsns5:Non-currentFinancialInstruments2018-03-3100359703ns5:BetweenTwoFiveYearsns5:Non-currentFinancialInstruments2017-03-3100359703ns5:RevaluationReserve2017-03-31


REGISTERED NUMBER: 00359703 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2018

FOR

EAST RIDING FARMERS LIMITED

EAST RIDING FARMERS LIMITED (REGISTERED NUMBER: 00359703)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


EAST RIDING FARMERS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2018







DIRECTORS: A M Baitson
M A Baitson





REGISTERED OFFICE: 1 Ruskin Street
Anlaby Road
Hull
E. Yorks
HU3 6AG





REGISTERED NUMBER: 00359703 (England and Wales)





ACCOUNTANTS: Majors Limited
F15 The Bloc
38 Springfield Way
Anlaby
Hull
E. Yorks
HU10 6RJ

EAST RIDING FARMERS LIMITED (REGISTERED NUMBER: 00359703)

BALANCE SHEET
31 MARCH 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 531,913 515,659

CURRENT ASSETS
Debtors 5 12,929 12,954
Cash at bank 1,283 1,561
14,212 14,515
CREDITORS
Amounts falling due within one year 6 120,060 114,115
NET CURRENT LIABILITIES (105,848 ) (99,600 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

426,065

416,059

CREDITORS
Amounts falling due after more than
one year

7

(98,499

)

(106,117

)

PROVISIONS FOR LIABILITIES (78 ) (132 )
NET ASSETS 327,488 309,810

EAST RIDING FARMERS LIMITED (REGISTERED NUMBER: 00359703)

BALANCE SHEET - continued
31 MARCH 2018

2018 2017
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 2,300 2,300
Revaluation reserve 9 5,542 5,542
Retained earnings 319,646 301,968
SHAREHOLDERS' FUNDS 327,488 309,810

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 21 December 2018 and were
signed on its behalf by:





A M Baitson - Director


EAST RIDING FARMERS LIMITED (REGISTERED NUMBER: 00359703)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2018

1. STATUTORY INFORMATION

East Riding Farmers Limited is a private company, limited by shares , registered in England and
Wales. The company's registered number and registered office address can be found on the
Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" 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 cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding
discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 20% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income
Statement, except to the extent that it relates to items recognised in other comprehensive
income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have
been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not
reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in
periods different from those in which they are recognised in financial statements. Deferred tax is
measured using tax rates and laws that have been enacted or substantively enacted by the year
end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is
probable that they will be recovered against the reversal of deferred tax liabilities or other future
taxable profits.

EAST RIDING FARMERS LIMITED (REGISTERED NUMBER: 00359703)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2018

2. ACCOUNTING POLICIES - continued

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.

The interest element of these obligations is charged to profit or loss over the relevant period.
The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2017 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 April 2017 515,000 3,038 518,038
Additions 16,500 - 16,500
At 31 March 2018 531,500 3,038 534,538
DEPRECIATION
At 1 April 2017 - 2,379 2,379
Charge for year - 246 246
At 31 March 2018 - 2,625 2,625
NET BOOK VALUE
At 31 March 2018 531,500 413 531,913
At 31 March 2017 515,000 659 515,659

EAST RIDING FARMERS LIMITED (REGISTERED NUMBER: 00359703)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2018

4. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 31 March 2018 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
2017
Cost 525,958 3,038 528,996
531,500 3,038 534,538

Fixed assets, included in the above, which are held under hire purchase contracts or finance
leases are as follows:

Land and
buildings
£   
COST OR VALUATION
At 1 April 2017
and 31 March 2018 129,859
NET BOOK VALUE
At 31 March 2018 129,859
At 31 March 2017 129,859

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Other debtors 12,000 12,000
Prepayments and accrued income 929 954
12,929 12,954

EAST RIDING FARMERS LIMITED (REGISTERED NUMBER: 00359703)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2018

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Bank loans and overdrafts (see note
8)

24,305

16,765
Trade creditors 245 -
Tax 4,192 352
Other creditors 82,616 87,494
Directors' current accounts 7,263 8,063
Accrued expenses 1,439 1,441
120,060 114,115

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2018 2017
£    £   
Bank loans (see note 8) 98,499 106,117

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 66,087 75,628

8. LOANS

An analysis of the maturity of loans is given below:

2018 2017
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 16,202 9,472
Bank loans 8,103 7,293
24,305 16,765

Amounts falling due between one and two years:
Bank loans - 1-2 years 8,103 7,488

Amounts falling due between two and five years:
Bank loans - 2-5 years 24,309 23,001

EAST RIDING FARMERS LIMITED (REGISTERED NUMBER: 00359703)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2018

8. LOANS - continued
2018 2017
£    £   
Amounts falling due in more than five years:
Repayable by instalments
Bank loans more 5 yr by instal 66,087 75,628

The loans are secured by way of a floating charge over the assets of the company..

9. RESERVES
Revaluatio
reserve
£   
At 1 April 2017
and 31 March 2018 5,542