REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Abbreviated Unaudited Accounts |
|
for the Year Ended 31 October 2016 |
|
for |
|
Denis Cadzow and Company Limited |
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Abbreviated Unaudited Accounts |
|
for the Year Ended 31 October 2016 |
|
for |
|
Denis Cadzow and Company Limited |
Denis Cadzow and Company Limited (Registered number: SC033996) |
|
|
|
|
|
|
Contents of the Abbreviated Accounts |
for the Year Ended 31 October 2016 |
|
|
|
|
Page |
|
Company Information | 1 |
|
Abbreviated Balance Sheet | 2 |
|
Notes to the Abbreviated Accounts | 4 |
Denis Cadzow and Company Limited |
|
Company Information |
for the Year Ended 31 October 2016 |
|
|
|
|
|
|
|
DIRECTORS: |
|
|
|
|
|
SECRETARY: |
|
|
|
|
REGISTERED OFFICE: |
|
|
|
|
|
|
|
|
|
REGISTERED NUMBER: |
|
|
|
|
ACCOUNTANTS: |
|
Chartered Accountants |
|
|
|
|
|
|
|
BANKERS: |
|
|
|
|
|
Denis Cadzow and Company Limited (Registered number: SC033996) |
|
Abbreviated Balance Sheet |
31 October 2016 |
|
31.10.16 | 31.10.15 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 2 |
|
|
Investments | 3 |
|
|
|
|
|
CURRENT ASSETS |
Stocks |
|
|
Debtors |
|
|
Cash at bank and in hand |
|
|
|
|
CREDITORS |
Amounts falling due within one year | 4 |
|
|
NET CURRENT ASSETS |
|
|
TOTAL ASSETS LESS CURRENT
LIABILITIES |
|
|
|
CREDITORS |
Amounts falling due after more than one
year |
4 |
( |
) |
( |
) |
|
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
|
|
|
CAPITAL AND RESERVES |
Called up share capital | 5 |
|
|
Revaluation reserve |
|
|
Profit and loss account | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS |
|
|
|
|
|
|
|
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. |
Denis Cadzow and Company Limited (Registered number: SC033996) |
|
Abbreviated Balance Sheet - continued |
31 October 2016 |
|
|
|
|
|
The financial statements were approved by the Board of Directors on
|
|
|
|
|
|
|
|
Denis Cadzow and Company Limited (Registered number: SC033996) |
|
Notes to the Abbreviated Accounts |
for the Year Ended 31 October 2016 |
|
1. | ACCOUNTING POLICIES |
|
Basis of preparing the financial statements |
The accounts have been prepared on a going concern basis, the acceptability of which is dependant on the |
continuing support of the company's directors and bankers. |
|
Accounting convention |
The financial statements have been prepared under the historical cost convention as modified by the revaluation |
of certain assets and in accordance with the Financial Reporting Standard for Smaller Entities (effective January |
2015). |
|
Exemption from preparing a cash flow statement |
Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a |
small company. |
|
Turnover |
Turnover represents net invoiced sales of goods, excluding value added tax, except in respect of service contracts |
where turnover is recognised when the company obtains the right to consideration. |
|
Tangible fixed assets |
|
|
Freehold property | - |
|
Long leasehold | - |
|
Plant and machinery | - |
|
Fixtures and fittings | - |
|
Motor vehicles | - |
|
Computer equipment | - |
|
|
Stocks |
Stock is valued at the lower of cost or net realisable value. Crops are valued at cost of growing and fertilising. |
Horses are valued at the lower of cost and net realisable value or director valuation. |
|
Deferred tax |
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods |
different from those in which they are included in the company's accounts. Deferred tax is provided in full on |
timing differences which result in a obligation to pay more (or less) tax at a future date, at an average tax rate that |
are expected to apply when the timing differences reverse, based on current tax rates and laws. |
|
Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no |
commitment to sell the asset. |
|
Deferred tax assets and liabilities are not discounted. |
|
Foreign currencies |
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the |
balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at |
the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
|
Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's pension |
scheme are charged to the profit and loss account in the period to which they relate. |
|
Investments |
Investments have been valued at cost less provision for permanent diminution in value. The production herd has |
been valued on the herd basis. |
Denis Cadzow and Company Limited (Registered number: SC033996) |
|
Notes to the Abbreviated Accounts - continued |
for the Year Ended 31 October 2016 |
|
2. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST OR VALUATION |
At 1 November 2015 |
|
Additions |
|
At 31 October 2016 |
|
DEPRECIATION |
At 1 November 2015 |
|
Charge for year |
|
At 31 October 2016 |
|
NET BOOK VALUE |
At 31 October 2016 |
|
At 31 October 2015 |
|
|
3. | FIXED ASSET INVESTMENTS |
|
Investments were as follows: |
31.10.16 | 31.10.15 |
£ | £ |
Unlisted Investments | 220 | 220 |
Herd | 152,643 | 155,100 |
152,863 | 155,320 |
|
4. | CREDITORS |
|
Creditors include an amount of £
|
|
5. | CALLED UP SHARE CAPITAL |
|
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.10.16 | 31.10.15 |
value: | £ | £ |
|
Ordinary | £1 |
|
|
|
6. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
|
The amount due to J M Cadzow as at 31st October 2016 was £11,509 (2015: £7,334). |
|
7. | ULTIMATE CONTROLLING PARTY |
|
The controlling party is
|