Company Registration Number 07232479 (England and Wales)
LIBERTY ORCHARDS LIMITED
TRADING AS LIBERTY FIELDS
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2017
PAGES FOR FILING WITH REGISTRAR
LIBERTY ORCHARDS LIMITED
TRADING AS LIBERTY FIELDS
BALANCE SHEET
AS AT
31 MARCH 2017
31 March 2017
- 1 -
2017
2016
as restated
£
£
£
£
Fixed assets
138,217
144,506
Current assets
38,849
35,059
Creditors: amounts falling due within one year
(127,437)
(121,352)
Net current liabilities
(88,588)
(86,293)
Total assets less current liabilities
49,629
58,213
Accruals and deferred income
(59,227)
(61,681)
Net liabilities
(9,598)
(3,468)
Capital and reserves
(9,598)
(3,468)
Notes to the financial statements
1
Financial commitments, guarantees and contingencies
The total amount of financial commitments arising from operating leases at the balance sheet date was £20,000 (2016 - £21,000).
2
Prior year adjustments
The prior year figures have been adjusted for the depreciation of freehold property and the release of related grants. The effect has been a decrease in retained earnings of £10,603.
3
Going concern
The directors have assessed the going concern basis of preparation and confirmed that they will continue to make sufficient capital available to the company in order to allow it to continue as a going concern.
LIBERTY ORCHARDS LIMITED
TRADING AS LIBERTY FIELDS
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2017
31 March 2017
- 2 -
Liberty Orchards Limited is a private company limited by shares incorporated in England and Wales. The registered office is 14 Fairmont Terrace, SHERBORNE, Somerset, DT9 3JS.
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.
For the year ended 31 March 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
T
he directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared in accordance with the micro-entity provisions and in accordance with FRS 105
'
The Financial Reporting Standard applicable to the Micro-entities Regime
' and delivered in accordance with the provisions applicable to companies subject to the small companies’ regime.
The financial statements were approved by the board of directors and authorised for issue on 20 December 2017 and are signed on its behalf by:
Mr R F Imlach
Director
Company Registration Number 07232479