Registration number:
Yorkshire Ice Cream Farm Limited
for the Year Ended 30 April 2019
Chartered Accountants
Melbourne House
27 Thorne Road
Doncaster
DN1 2EZ
Yorkshire Ice Cream Farm Limited
Contents
Company Information |
|
Directors' Report |
|
Accountants' Report |
|
Balance Sheet |
|
Notes to the Financial Statements |
Yorkshire Ice Cream Farm Limited
Company Information
Directors |
Mrs Rebecca Storey Mr Edward Arthur Storey |
Registered office |
|
Accountants |
|
Page 1 |
Yorkshire Ice Cream Farm Limited
Directors' Report for the Year Ended 30 April 2019
The directors present their report and the financial statements for the year ended 30 April 2019.
Directors of the company
The directors who held office during the year were as follows:
Principal activity
The principal activity of the company is Sales of flowers, plants, beverages & ice creams
Small companies provision statement
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
Approved by the Board on
.........................................
Mrs Rebecca Storey
Director
Page 2 |
Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Yorkshire Ice Cream Farm Limited
for the Year Ended 30 April 2019
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Yorkshire Ice Cream Farm Limited for the year ended 30 April 2019 as set out on pages 4 to 9 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/en/members/regulations-standards-and-guidance/.
This report is made solely to the Board of Directors of Yorkshire Ice Cream Farm Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Yorkshire Ice Cream Farm Limited and state those matters that we have agreed to state to the Board of Directors of Yorkshire Ice Cream Farm Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Yorkshire Ice Cream Farm Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Yorkshire Ice Cream Farm Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Yorkshire Ice Cream Farm Limited. You consider that Yorkshire Ice Cream Farm Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Yorkshire Ice Cream Farm Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
......................................
Chartered Accountants
27 Thorne Road
Doncaster
DN1 2EZ
Page 3 |
Yorkshire Ice Cream Farm Limited
(Registration number: 08977208)
Balance Sheet as at 30 April 2019
Note |
2019 |
2018 |
|
Fixed assets |
|||
Intangible assets |
|
|
|
Tangible assets |
|
|
|
|
|
||
Current assets |
|||
Stocks |
|
|
|
Debtors |
|
|
|
Cash at bank and in hand |
|
|
|
|
|
||
Creditors: Amounts falling due within one year |
( |
( |
|
Net current liabilities |
( |
( |
|
Total assets less current liabilities |
|
|
|
Creditors: Amounts falling due after more than one year |
- |
( |
|
Provisions for liabilities |
( |
( |
|
Net assets |
|
|
|
Capital and reserves |
|||
Called up share capital |
|
|
|
Profit and loss account |
|
|
|
Total equity |
|
|
For the financial year ending 30 April 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
• |
|
• |
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.
Page 4 |
Yorkshire Ice Cream Farm Limited
(Registration number: 08977208)
Balance Sheet as at 30 April 2019
Approved and authorised by the
.........................................
Mrs Rebecca Storey
Director
Page 5 |
Yorkshire Ice Cream Farm Limited
Notes to the Financial Statements for the Year Ended 30 April 2019
General information |
The company is a private company limited by share capital incorporated in England & Wales.
The address of its registered office is:
The principal place of business is:
Sunnybank Garden Centre
Bawtry Road
Hatfield Woodhouse
Doncaster
DN7 6PH
These financial statements were authorised for issue by the
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Tangible assets
Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
Asset class |
Depreciation method and rate |
Plant & machinery |
20% on cost |
Fixtures & Fittings |
20% on cost |
Office Equipment |
33.3% on cost |
Leasehold improvements |
10% on cost |
Intangible assets
The goodwill relates to the acquisition of the business in 2014 and is being written off over its estimated useful life of 5 years.
Page 6 |
Yorkshire Ice Cream Farm Limited
Notes to the Financial Statements for the Year Ended 30 April 2019
Amortisation
Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:
Asset class |
Amortisation method and rate |
Goodwill |
20% on cost |
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Dividends
Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.
Defined contribution pension obligation
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
Page 7 |
Yorkshire Ice Cream Farm Limited
Notes to the Financial Statements for the Year Ended 30 April 2019
Intangible assets |
Goodwill |
Total |
|
Cost or valuation |
||
At 1 May 2018 |
|
|
At 30 April 2019 |
|
|
Amortisation |
||
At 1 May 2018 |
|
|
Amortisation charge |
|
|
At 30 April 2019 |
|
|
Carrying amount |
||
At 30 April 2019 |
|
|
At 30 April 2018 |
|
|
Tangible assets |
Furniture, fittings and equipment |
Properties under construction |
Other property, plant and equipment |
Total |
|
Cost or valuation |
||||
At 1 May 2018 |
|
|
|
|
Additions |
|
|
|
|
At 30 April 2019 |
|
|
|
|
Depreciation |
||||
At 1 May 2018 |
|
|
|
|
Charge for the year |
|
|
|
|
At 30 April 2019 |
|
|
|
|
Carrying amount |
||||
At 30 April 2019 |
|
|
|
|
At 30 April 2018 |
|
|
|
|
Stocks |
2019 |
2018 |
|
Other inventories |
|
|
Page 8 |
Yorkshire Ice Cream Farm Limited
Notes to the Financial Statements for the Year Ended 30 April 2019
Debtors |
2019 |
2018 |
|
Other debtors |
|
|
Total current trade and other debtors |
|
|
Creditors |
Note |
2019 |
2018 |
|
Due within one year |
|||
Trade creditors |
- |
|
|
Amounts owed to group undertakings and undertakings in which the company has a participating interest |
|
|
|
Taxation and social security |
|
|
|
Other creditors |
|
|
|
|
|
||
Due after one year |
|||
Loans and borrowings |
- |
|
Loans and borrowings |
2019 |
2018 |
|
Non-current loans and borrowings |
||
Other borrowings |
- |
|
Related party transactions |
Transactions with directors |
Other transactions with directors |
At the balance sheet date the company owed the director, Mrs Rebecca Storey, £615 (2018 - £55,181).
Summary of transactions with other related parties
Page 9 |