REGISTERED NUMBER:
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Abbreviated Unaudited Accounts |
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for the Year Ended 31st December 2015 |
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for |
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Powell McNeil Machinery Company Limited |
REGISTERED NUMBER:
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Abbreviated Unaudited Accounts |
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for the Year Ended 31st December 2015 |
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for |
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Powell McNeil Machinery Company Limited |
Powell McNeil Machinery Company Limited (Registered number: 01091811) |
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Contents of the Abbreviated Accounts |
for the Year Ended 31st December 2015 |
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Page |
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Company Information | 1 |
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Abbreviated Balance Sheet | 2 |
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Notes to the Abbreviated Accounts | 3 |
Powell McNeil Machinery Company Limited |
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Company Information |
for the Year Ended 31st December 2015 |
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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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ACCOUNTANTS: |
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Powell McNeil Machinery Company Limited (Registered number: 01091811) |
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Abbreviated Balance Sheet |
31st December 2015 |
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2015 | 2014 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 2 |
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Investments | 3 |
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CURRENT ASSETS |
Stocks |
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Debtors |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital | 4 |
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Profit and loss account |
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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 |
(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. |
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The financial statements were approved by the Board of Directors on
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Powell McNeil Machinery Company Limited (Registered number: 01091811) |
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Notes to the Abbreviated Accounts |
for the Year Ended 31st December 2015 |
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1. | ACCOUNTING POLICIES |
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Accounting convention |
The financial statements have been prepared under the historical cost convention and in accordance with the |
Financial Reporting Standard for Smaller Entities (effective January 2015). |
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Turnover |
Turnover represents net invoiced sales of goods, excluding value added tax. |
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Tangible fixed assets |
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Plant and machinery | - |
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Motor vehicles | - |
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Computer equipment | - |
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Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow |
moving items. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
sheet date. |
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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. |
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2. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1st January 2015 |
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Disposals | ( |
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At 31st December 2015 |
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DEPRECIATION |
At 1st January 2015 |
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Charge for year |
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Eliminated on disposal | ( |
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At 31st December 2015 |
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NET BOOK VALUE |
At 31st December 2015 |
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At 31st December 2014 |
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Powell McNeil Machinery Company Limited (Registered number: 01091811) |
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Notes to the Abbreviated Accounts - continued |
for the Year Ended 31st December 2015 |
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3. | FIXED ASSET INVESTMENTS |
Investments |
other |
than |
loans |
£ |
COST |
At 1st January 2015 |
and 31st December 2015 |
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NET BOOK VALUE |
At 31st December 2015 |
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At 31st December 2014 |
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4. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2015 | 2014 |
value: | £ | £ |
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Ordinary | £1 |
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5. | ULTIMATE PARENT COMPANY |
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The company regards Scottcam Holdings Limited, a company incorporated in England and Wales, as the |
ultimate parent company. |