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REGISTERED NUMBER: 01255331 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2017

FOR

DAVID DOUGLAS (FARMS) LIMITED

DAVID DOUGLAS (FARMS) LIMITED (REGISTERED NUMBER: 01255331)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2017




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


DAVID DOUGLAS (FARMS) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2017







DIRECTORS: Mr D McKay
Mrs C M McKay





REGISTERED OFFICE: Archer House
Britland Estate
Northbourne Road
Eastbourne
East Sussex
BN22 8PW





REGISTERED NUMBER: 01255331 (England and Wales)





ACCOUNTANTS: Dominic Hill Associates Limited
Archer House
Britland Estate
Northbourne Road
Eastbourne
East Sussex
BN22 8PW

DAVID DOUGLAS (FARMS) LIMITED (REGISTERED NUMBER: 01255331)

BALANCE SHEET
31 MARCH 2017

2017 2016
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 51,569 45,923

CURRENT ASSETS
Stocks - 1,500
Debtors 5 1,024 963
Cash at bank 4,016 3,921
5,040 6,384
CREDITORS
Amounts falling due within one year 6 54,011 47,826
NET CURRENT LIABILITIES (48,971 ) (41,442 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,598

4,481

CAPITAL AND RESERVES
Called up share capital 5,000 5,000
Retained earnings (2,402 ) (519 )
SHAREHOLDERS' FUNDS 2,598 4,481

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 6 December 2017 and were signed on
its behalf by:




Mr D McKay - Director



Mrs C M McKay - Director


DAVID DOUGLAS (FARMS) LIMITED (REGISTERED NUMBER: 01255331)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2017

1. STATUTORY INFORMATION

David Douglas (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.
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2016 34,976 39,594 74,570
Additions - 8,737 8,737
At 31 March 2017 34,976 48,331 83,307
DEPRECIATION
At 1 April 2016 - 28,647 28,647
Charge for year - 3,091 3,091
At 31 March 2017 - 31,738 31,738
NET BOOK VALUE
At 31 March 2017 34,976 16,593 51,569
At 31 March 2016 34,976 10,947 45,923

Included in cost of land and buildings is freehold land of £ 34,976 (2016 - £ 34,976 ) which is not
depreciated.

DAVID DOUGLAS (FARMS) LIMITED (REGISTERED NUMBER: 01255331)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2017

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Other debtors 1,024 963

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Trade creditors 2,470 2,531
Other creditors 51,541 45,295
54,011 47,826

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included in creditors is a loan from the directors which has no fixed term for repayment. An interest
rate of 12% has been charged.

8. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party. Mr D Mckay and Mrs C M Mckay each hold 50% of the issued
share capital.