Company No.
for the year ended 31st March 2015
Company No.
ABBREVIATED BALANCE SHEET
as at 31st March 2015
2014 | ||||||
Note | £ | £ | £ | |||
FIXED ASSETS | ||||||
Intangible assets | - | - | ||||
Tangible assets | 2 |
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Investments | - | - | ||||
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CURRENT ASSETS | ||||||
Stocks | - | - | ||||
Debtors |
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Investments held as current assets | - | - | ||||
Cash at bank and in hand |
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Creditors: amounts falling due | ||||||
within one year |
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NET CURRENT LIABILITIES |
(
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(
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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 and charges |
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CAPITAL AND RESERVES | ||||||
Called up share capital |
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Share premium account | - | - | ||||
Revaluation reserve | - | - | ||||
Other reserves | - | - | ||||
Profit and loss account |
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SHAREHOLDERS FUNDS |
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Approved by the Board on
Director
NOTES TO THE ABBREVIATED ACCOUNTS
for the year ended 31st March 2015
1 Accounting Policies
Turnover
Depreciation
Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant, machinery and vehicles |
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Deferred Taxation
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes.
Deferred tax is calculated at the tax rates which are expected to apply in the periods when the timing differences will reverse, and discounted to reflect the time value of money using rates based on the post-tax yields to maturity that could be obtained at the balance sheet date on government bonds with similar maturity dates.
Leasing and hire purchase commitments
Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the Company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability.
The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding.
Rentals paid under operating leases are charged to income on a straight line basis over the lease term.
2 Tangible Fixed Assets | |
£ | |
Cost | |
At 1st April 2014 |
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Additions |
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Surplus on revaluation | - |
Disposals |
(
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At 31st March 2015 |
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Depreciation | |
At 1st April 2014 |
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Charge for year |
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Released by Disposals |
(
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At 31st March 2015 |
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Net Book Value | |
At 31st March 2015 |
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At 31st March 2014 |
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Net book value of assets included above held | |
under finance leases and hire purchase contracts | |
At 31st March 2015 |
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At 31st March 2014 |
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