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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2017 |
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BARKER CHICKENS LIMITED |
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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2017 |
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FOR |
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BARKER CHICKENS LIMITED |
BARKER CHICKENS LIMITED (REGISTERED NUMBER: 06800647) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
for the year ended 30 April 2017 |
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Company Information | 1 |
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Statement of Financial Position | 2 |
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Notes to the Financial Statements | 3 |
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BARKER CHICKENS LIMITED |
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COMPANY INFORMATION |
for the year ended 30 April 2017 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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BARKER CHICKENS LIMITED (REGISTERED NUMBER: 06800647) |
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STATEMENT OF FINANCIAL POSITION |
30 April 2017 |
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2017 | 2016 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Property, plant and equipment | 4 |
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CURRENT ASSETS |
Inventories |
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Debtors | 5 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 6 |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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( |
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PROVISIONS FOR LIABILITIES |
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NET LIABILITIES | ( |
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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings | ( |
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SHAREHOLDERS' FUNDS | ( |
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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 |
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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. |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors on
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BARKER CHICKENS LIMITED (REGISTERED NUMBER: 06800647) |
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NOTES TO THE FINANCIAL STATEMENTS |
for the year ended 30 April 2017 |
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1. | STATUTORY INFORMATION |
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Barker Chickens Limited is a
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registered number and registered office address can be found on the Company Information page. |
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The presentation currency of the financial statements is the Pound Sterling (£). |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Revenue |
Revenue represents goods and services supplied, excluding value added tax. Revenue is recognised to the extent that the |
company has obtained the right to consideration through its performance and is measured at the fair value of the right to |
consideration. |
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Property, plant and equipment |
Items of property, plant and equipment are initially measured at cost. After initial recognition items of property, plant and |
equipment are measured at cost less any accumulated depreciation and any accumulated impairment losses. |
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Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset |
overs its estimated useful life. |
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Plant and machinery | - 25% on reducing balance |
Fixtures and fittings | - 25% on reducing balance |
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Inventories |
Biological assets, agricultural produce and other inventories are measured at the lower of cost and estimated selling price less |
costs to complete and sell. |
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Financial instruments |
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and |
liabilities such as trade, other accounts receivable and payable and loans to related parties. |
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Debt instruments that are payable or receivable within one year, typically trade payables or receivables, are measured, |
initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. |
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Debt instruments such as loans and other accounts receivable and payable are initially measured at present value of the future |
payments and subsequently at amortised costs using the effective interest method. |
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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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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 statement of financial position date. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of |
financial position date. |
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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. |
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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. |
BARKER CHICKENS LIMITED (REGISTERED NUMBER: 06800647) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
for the year ended 30 April 2017 |
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2. | ACCOUNTING POLICIES - continued |
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Hire purchase and leasing commitments |
Assets acquired under finance lease agreements, including hire purchase agreements, are capitalised and the corresponding |
liability is included in creditors. Finance lease interest is charged to the profit and loss account on a sum of digits basis over |
the period of the agreement. Operating lease rentals are charged against profits of the period to which they relate. |
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Going concern |
The accounts have been prepared on a going concern basis on the strength of confirmation from the parent company that it |
will continue to provide financial support by not seeking repayment of loan accounts due until other creditors have been paid |
in full. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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4. | PROPERTY, PLANT AND EQUIPMENT |
Fixtures |
Plant and | and |
machinery | fittings | Totals |
£ | £ | £ |
COST |
At 1 May 2016 |
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Additions |
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At 30 April 2017 |
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DEPRECIATION |
At 1 May 2016 |
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Charge for year |
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At 30 April 2017 |
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NET BOOK VALUE |
At 30 April 2017 |
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At 30 April 2016 |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Trade debtors |
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Other debtors |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Trade creditors |
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Amounts owed to group undertakings |
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Taxation and social security |
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Other creditors |
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7. | FIRST YEAR ADOPTION |
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The policies applied under the entity's previous accounting framework are not materially different to FRS 102 and have not |
impacted on equity or profit and loss. |