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REGISTERED NUMBER: 01243515 (England and Wales)















D. R. DAVIES AND SONS (FARMERS) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2017






D. R. DAVIES AND SONS (FARMERS) LIMITED (REGISTERED NUMBER: 01243515)






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


D. R. DAVIES AND SONS (FARMERS) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 5 APRIL 2017







DIRECTOR: N J Davies





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





REGISTERED NUMBER: 01243515 (England and Wales)





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

D. R. DAVIES AND SONS (FARMERS) LIMITED (REGISTERED NUMBER: 01243515)

BALANCE SHEET
5 APRIL 2017

2017 2016
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 300,475 302,661
Investments 4 135,267 158,850
435,742 461,511

CURRENT ASSETS
Cash at bank 502 -

CREDITORS
Amounts falling due within one year 5 229,960 233,448
NET CURRENT LIABILITIES (229,458 ) (233,448 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

206,284

228,063

CREDITORS
Amounts falling due after more than one
year

6

(196,241

)

(205,464

)

PROVISIONS FOR LIABILITIES (8,146 ) (8,568 )
NET ASSETS 1,897 14,031

CAPITAL AND RESERVES
Called up share capital 7 45,510 45,510
Share redemption reserve 8 (493,522 ) (493,522 )
Capital redemption reserve 8 86,332 86,332
Retained earnings 8 363,577 375,711
SHAREHOLDERS' FUNDS 1,897 14,031

D. R. DAVIES AND SONS (FARMERS) LIMITED (REGISTERED NUMBER: 01243515)

BALANCE SHEET - continued
5 APRIL 2017


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 director acknowledges his 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 director on 5 September 2017 and were signed by:





N J Davies - Director


D. R. DAVIES AND SONS (FARMERS) LIMITED (REGISTERED NUMBER: 01243515)

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

1. STATUTORY INFORMATION

D. R. Davies and Sons (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.

Preparation of consolidated financial statements
The financial statements contain information about D. R. Davies and Sons (Farmers) Limited as an individual
company and do not contain consolidated financial information as the parent of a group. The company has taken
the option under Section 398 of the Companies Act 2006 not to prepare consolidated financial statements.

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.
Freehold property - in accordance with the property
Buildings, fixtures and fittings - in accordance with the property
Plant and machinery - 10% on reducing balance
Tractors and motor vehicles - 20% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

3. TANGIBLE FIXED ASSETS
Buildings,
fixtures Tractors
Freehold and Plant and and motor
property fittings machinery vehicles Totals
£    £    £    £    £   
COST
At 6 April 2016
and 5 April 2017 253,456 150,470 90,708 36,477 531,111
DEPRECIATION
At 6 April 2016 - 104,808 87,224 36,418 228,450
Charge for year - 1,827 348 11 2,186
At 5 April 2017 - 106,635 87,572 36,429 230,636
NET BOOK VALUE
At 5 April 2017 253,456 43,835 3,136 48 300,475
At 5 April 2016 253,456 45,662 3,484 59 302,661

D. R. DAVIES AND SONS (FARMERS) LIMITED (REGISTERED NUMBER: 01243515)

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

4. FIXED ASSET INVESTMENTS

2017 2016
£    £   
Shares in group undertakings 80 80
Loans to group undertakings 135,187 158,770
135,267 158,850

Additional information is as follows:
Shares in
group
undertakings
£   
COST
At 6 April 2016
and 5 April 2017 80
NET BOOK VALUE
At 5 April 2017 80
At 5 April 2016 80
Loans to
group
undertakings
£   
At 6 April 2016 158,770
New in year 3,879
Repayment in year (27,462 )
At 5 April 2017 135,187

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Bank loans and overdrafts 9,222 9,355
Trade creditors 113 1,130
VAT 766 766
Directors' current accounts 218,886 221,218
Accruals and deferred income 973 979
229,960 233,448

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2017 2016
£    £   
Bank loans - 1-2 years 9,864 9,222
Bank loans - 2-5 years 33,875 31,637
Bank loans more 5 yr by instal 152,502 164,605
196,241 205,464

D. R. DAVIES AND SONS (FARMERS) LIMITED (REGISTERED NUMBER: 01243515)

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

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2017 2016
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 152,502 164,605

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2017 2016
value: £    £   
45,510 Ordinary £1 45,510 45,510

8. RESERVES
Share Capital
Retained redemption redemption
earnings reserve reserve Totals
£    £    £    £   

At 6 April 2016 375,711 (493,522 ) 86,332 (31,479 )
Deficit for the year (12,134 ) (12,134 )
At 5 April 2017 363,577 (493,522 ) 86,332 (43,613 )

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the year the director of D R Davies and Sons (Farmers) Limited was also the director and shareholder of
D R Davies and Sons (Lower Derndale) Limited. During the year goods and services supplied to D R Davies
and Sons (Lower Derndale) Limited were £12,500 (2016 - £12,500).