Registered Number 03748625
EXAR FRANCHISE DEVELOPMENTS LIMITED
Abbreviated Accounts
31 May 2015
Notes | 2015 | 2014 | |
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£ | £ | ||
Fixed assets | |||
Tangible assets | 2 |
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Current assets | |||
Stocks |
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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 (liabilities) |
( |
( |
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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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Total net assets (liabilities) |
( |
( |
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Capital and reserves | |||
Called up share capital | 3 |
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Profit and loss account |
( |
( |
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Shareholders' funds |
( |
( |
Approved by the Board on
And signed on their behalf by:
1 Accounting Policies
Basis of measurement and preparation of accounts
Turnover policy
Tangible assets depreciation policy
Other accounting policies
Cash Flow Statement: The company is exempt from the requirements of FRS1 to prepare a cash flow statement, as it qualifies as a small company.
Deferred Taxation: Full provision is made for deferred taxation resulting from time differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on undiscounted basis at the tax rates which are expected to apply apply in the periods when the timing differences will reverse
£ | |
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Cost | |
At 1 June 2014 |
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Additions |
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Disposals |
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Revaluations |
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Transfers |
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At 31 May 2015 |
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Depreciation | |
At 1 June 2014 |
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Charge for the year |
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On disposals |
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At 31 May 2015 |
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Net book values | |
At 31 May 2015 | 8,316 |
At 31 May 2014 | 9,870 |
4 Transactions with directors
Name of director receiving advance or credit: |
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Description of the transaction: |
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Balance at 1 June 2014: | £ |
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Advances or credits made: | £ |
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Advances or credits repaid: | £ |
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Balance at 31 May 2015: | £ |