Registration number:
Unaudited abbreviated accounts
for the year ended
John Titcombe Limited
Contents
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John Titcombe Limited
(Registration number: 03615849)
Abbreviated balance sheet at 31 July 2015
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2015
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2014
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Fixed assets |
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Intangible fixed assets |
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Tangible fixed assets |
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Current assets |
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Stock |
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Debtors |
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Cash at bank and in hand |
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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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Creditors: amounts falling due after more than one year |
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Provisions for liabilities |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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Shareholders' funds |
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The notes on pages 3 to 6 form an integral part of these abbreviated accounts.
Page 1
John Titcombe Limited
(Registration number: 03615849)
Abbreviated balance sheet at 31 July 2015
......... continued
Approved by the board on
.........................................
J D Titcombe
Director
The notes on pages 3 to 6 form an integral part of these abbreviated accounts.
Page 2
John Titcombe Limited
Notes to the abbreviated accounts for the year ended 31 July 2015
......... continued
Accounting policies |
Basis of preparation
Turnover
Goodwill
Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful economic life. It is reviewed for impairment at the end of the first full financial year following the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.
Amortisation
Amortisation is provided on intangible fixed assets so as to write off the cost, less any estimated residual value, over their expected useful economic life as follows:
Asset class |
Amortisation method and rate |
Goodwill |
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Depreciation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Asset class |
Depreciation rate and method |
Leasehold properties |
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Plant and machinery |
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Fixtures, fittings and equipment |
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Computers and office equipment |
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Motor vehicles |
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Investment properties
John Titcombe Limited
Notes to the abbreviated accounts for the year ended 31 July 2015
......... continued
Stock
Deferred tax
Foreign currency
Hire purchase and leasing
Financial instruments
John Titcombe Limited
Notes to the abbreviated accounts for the year ended 31 July 2015
......... continued
Fixed assets |
Intangible assets
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Tangible assets
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Total
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Cost |
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At 1 August 2014 |
33,100 |
221,591 |
254,691 |
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Additions |
- |
3,803 |
3,803 |
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Disposals |
- |
(25,000) |
(25,000) |
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At 31 July 2015 |
33,100 |
200,394 |
233,494 |
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Depreciation |
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At 1 August 2014 |
25,120 |
192,574 |
217,694 |
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Charge for the year |
1,655 |
15,419 |
17,074 |
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Eliminated on disposals |
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(25,000) |
(25,000) |
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At 31 July 2015 |
26,775 |
182,993 |
209,768 |
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Net book value |
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At 31 July 2015 |
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At 31 July 2014 |
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Creditors |
Creditors includes the following liabilities, on which security has been given by the company:
2015
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2014
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Amounts falling due within one year |
53,774 |
68,972 |
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Amounts falling due after more than one year |
209,025 |
236,713 |
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Total secured creditors |
262,799 |
305,685 |
Included in creditors are the following amounts due after more than five years:
2015
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2014
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After more than five years by instalments |
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John Titcombe Limited
Notes to the abbreviated accounts for the year ended 31 July 2015
......... continued
Share capital |
Allotted, called up and fully paid shares
2015 |
2014 |
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No. |
£ |
No. |
£ |
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