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REGISTERED NUMBER: 01243269 (England and Wales)















R.H.J. CROXTON AND SON (FARMS) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2017






R.H.J. CROXTON AND SON (FARMS) LIMITED (REGISTERED NUMBER: 01243269)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2017




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


R.H.J. CROXTON AND SON (FARMS) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 5 APRIL 2017







DIRECTORS: J H Croxton
Mrs H V Croxton
T H J Croxton





SECRETARY: Mrs H V Croxton





REGISTERED OFFICE: West Lodge
Rainbow Street
Leominster
Herefordshire
HR6 8DQ





REGISTERED NUMBER: 01243269 (England and Wales)





ACCOUNTANTS: Davies Edwards & Co
Chartered Certified Accountants
West Lodge
Rainbow Street
Leominster
Herefordshire
HR6 8DQ

R.H.J. CROXTON AND SON (FARMS) LIMITED (REGISTERED NUMBER: 01243269)

BALANCE SHEET
5 APRIL 2017

2017 2016
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 131,225 132,224

CURRENT ASSETS
Stocks 299,361 303,311
Debtors 5 19,747 5,982
Cash at bank 3 3
319,111 309,296
CREDITORS
Amounts falling due within one year 6 278,816 280,042
NET CURRENT ASSETS 40,295 29,254
TOTAL ASSETS LESS CURRENT
LIABILITIES

171,520

161,478

CREDITORS
Amounts falling due after more than one
year

7

(59,580

)

(59,580

)

PROVISIONS FOR LIABILITIES (21,927 ) (21,930 )
NET ASSETS 90,013 79,968

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 89,913 79,868
SHAREHOLDERS' FUNDS 90,013 79,968

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 2017 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 Statement of Income and Retained Earnings has not been delivered.

R.H.J. CROXTON AND SON (FARMS) LIMITED (REGISTERED NUMBER: 01243269)

BALANCE SHEET - continued
5 APRIL 2017



The financial statements were approved by the Board of Directors on 19 December 2017 and were signed on its behalf
by:





J H Croxton - Director


R.H.J. CROXTON AND SON (FARMS) LIMITED (REGISTERED NUMBER: 01243269)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2017

1. STATUTORY INFORMATION

R.h.j. Croxton and Son (Farms) 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.

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.
Improvements, fixtures and fittings - 10% on reducing balance
Plant and Machinery - 10% on reducing balance
Tractors - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Office equipment - 20% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow
moving items.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 .

R.H.J. CROXTON AND SON (FARMS) LIMITED (REGISTERED NUMBER: 01243269)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 5 APRIL 2017

4. TANGIBLE FIXED ASSETS
Improvements,
fixtures
and Plant and
fittings Machinery Tractors
£    £    £   
COST
At 6 April 2016 97,805 194,588 107,043
Additions 20,434 4,880 -
Disposals (10,000 ) - -
At 5 April 2017 108,239 199,468 107,043
DEPRECIATION
At 6 April 2016 58,029 129,877 81,090
Charge for year 5,022 6,960 3,892
At 5 April 2017 63,051 136,837 84,982
NET BOOK VALUE
At 5 April 2017 45,188 62,631 22,061
At 5 April 2016 39,776 64,711 25,953

Motor Office
vehicles equipment Totals
£    £    £   
COST
At 6 April 2016 12,069 2,281 413,786
Additions - - 25,314
Disposals - - (10,000 )
At 5 April 2017 12,069 2,281 429,100
DEPRECIATION
At 6 April 2016 10,435 2,131 281,562
Charge for year 409 30 16,313
At 5 April 2017 10,844 2,161 297,875
NET BOOK VALUE
At 5 April 2017 1,225 120 131,225
At 5 April 2016 1,634 150 132,224

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Trade debtors 13,290 4,247
Prepayments and accrued income 6,457 1,735
19,747 5,982

R.H.J. CROXTON AND SON (FARMS) LIMITED (REGISTERED NUMBER: 01243269)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 5 APRIL 2017

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Bank loans and overdrafts 145,791 116,805
Trade creditors 49,331 90,551
Tax 1,866 -
Social security and other taxes - 42
VAT 7,627 4,309
Directors' current accounts 69,923 64,708
Accruals and deferred income 4,278 3,627
278,816 280,042

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2017 2016
£    £   
Directors loan account 59,580 59,580

Under a formal agreement dated 6 April 2015, the directors of the company agreed that £59,580 of the balance
owed to J H and Mrs H V Croxton would not be withdrawn within the next 12 months.

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2017 2016
value: £    £   
100 Ordinary £1 100 100

9. RESERVES
Retained
earnings
£   

At 6 April 2016 79,868
Profit for the year 10,045
At 5 April 2017 89,913

10. RELATED PARTY DISCLOSURES

J H Croxton received £3,000 from the company for rent of farm (2016 - £3,000).

T H Croxton received £175 from the company for rent of a field (2016 - £175).