Registered Number 03983192
ANANQUEST LIMITED
Abbreviated Accounts
28 February 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 |
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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
estimated useful life.
Leasehold property - 10% on cost
Fixtures and fittings - 25% on cost
Motor Vehicles - 25% on cost
Other accounting policies
Stocks are valued at the lower cost and net realisable value, after making due allowance for obsolete and slow moving items.
Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet.
Those held under hire purchase contracts are depreciated over their estimated useful lives. Those
held under hire purchase contracts are depreciated over their estimated useful lives or the lease
term, whichever is the shorter.
The interest element of those obligations is charged to the profit and loss account over the relevant period. The capital element of the future payments is treated as a liability.
Going concern
The director is of the opinion that it is appropriate to prepare the financial statements on a going
concern basis notwithstanding the fact that the company is in a net liability position at the year end.
A related company, Evergreen Retail Services Limited, will continue to provide support to the company together with the extended credit facilities provided by the group's principal supplier.
£ | |
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Cost | |
At 1 March 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 28 February 2015 |
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Depreciation | |
At 1 March 2014 |
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Charge for the year |
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On disposals |
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At 28 February 2015 |
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Net book values | |
At 28 February 2015 | 59,484 |
At 28 February 2014 | 74,417 |