REGISTERED NUMBER:
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ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2015 |
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FOR |
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BLOW ABBOTT LIMITED |
REGISTERED NUMBER:
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ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2015 |
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FOR |
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BLOW ABBOTT LIMITED |
BLOW ABBOTT LIMITED (REGISTERED NUMBER: 04460412) |
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CONTENTS OF THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 31 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 | 4 |
BLOW ABBOTT LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 31 DECEMBER 2015 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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BLOW ABBOTT LIMITED (REGISTERED NUMBER: 04460412) |
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ABBREVIATED BALANCE SHEET |
31 DECEMBER 2015 |
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2015 | 2014 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 2 |
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Tangible assets | 3 |
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Investments | 4 |
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CURRENT ASSETS |
Stocks |
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Debtors |
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Prepayments and accrued income |
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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 (LIABILITIES)/ASSETS | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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PROVISIONS FOR LIABILITIES |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 5 |
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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. |
BLOW ABBOTT LIMITED (REGISTERED NUMBER: 04460412) |
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ABBREVIATED BALANCE SHEET - continued |
31 DECEMBER 2015 |
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The financial statements were approved by the Board of Directors on
its behalf by: |
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BLOW ABBOTT LIMITED (REGISTERED NUMBER: 04460412) |
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NOTES TO THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 31 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 April 2008). |
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Turnover |
Turnover represents net invoiced sales of goods, excluding value added tax. |
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Goodwill |
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Tangible fixed assets |
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Fixtures and fittings | - |
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Motor vehicles | - |
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Stocks |
Work in progress is valued at the lower of cost and net realisable value. |
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Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads. |
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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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Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the |
company's pension scheme are charged to the profit and loss account in the period to which they |
relate. |
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Employer-financed retirement benefit scheme (efrbs) |
The company has established trusts for the benefit of employees and persons connected with them. |
Monies held in these trusts are held by independent trustees and managed at their discretion. The |
trustees are empowered to provide both retirement and employee benefits. |
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Where the company retains future economic benefit from, and has de facto control of the assets and |
liabilities of the trust, they are accounted for as assets and liabilities of the company until the earlier of |
the date that an allocation of trust funds to employees in respect of services is declared and the date |
that assets of the trust vest in identified individuals. |
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Where monies held in a trust are determined by the company on the basis of employees' past services |
to the business and the company can obtain no future economic benefit from those monies, such |
monies, whether in the trust or accured for by the company are charged to the profit and loss account |
in the period to which they relate. |
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Where monies held in a trust are determined by the company on the basis of employees' past services |
to the business and are payable after completion of the employment, such monies are charged to the |
profit and loss account in the period which services are rendered by employees. |
BLOW ABBOTT LIMITED (REGISTERED NUMBER: 04460412) |
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NOTES TO THE ABBREVIATED ACCOUNTS - continued |
FOR THE YEAR ENDED 31 DECEMBER 2015 |
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1. | ACCOUNTING POLICIES - continued |
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Fixed asset investments |
Investments held as fixed assets are stated at cost, together with subsequent capital contributions, |
less any provisions for impairment. Investments are reviewed if events or changes in circumstances |
indicate that the carrying amount may not be recoverable. Impairments are calculated such that the |
carrying value of the fixed asset investment is the lower of its cost or recoverable amount. |
Recoverable amount is the higher of its net realisable value and its value in use. |
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Investment income is recognised in the financial statements when the company becomes entitled to |
its share of profits from the fixed asset investment. |
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2. | INTANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 January 2015 |
and 31 December 2015 |
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AMORTISATION |
At 1 January 2015 |
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Amortisation for year |
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At 31 December 2015 |
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NET BOOK VALUE |
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At 31 December 2015 |
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At 31 December 2014 |
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3. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 January 2015 |
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Additions |
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Disposals | ( |
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At 31 December 2015 |
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DEPRECIATION |
At 1 January 2015 |
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Charge for year |
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Eliminated on disposal | ( |
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At 31 December 2015 |
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NET BOOK VALUE |
At 31 December 2015 |
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At 31 December 2014 |
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BLOW ABBOTT LIMITED (REGISTERED NUMBER: 04460412) |
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NOTES TO THE ABBREVIATED ACCOUNTS - continued |
FOR THE YEAR ENDED 31 DECEMBER 2015 |
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4. | FIXED ASSET INVESTMENTS |
Investments |
other |
than |
loans |
£ |
COST |
At 1 January 2015 | 41,000 |
Additions | 220,000 |
At 31 December 2015 | 261,000 |
NET BOOK VALUE |
At 31 December 2015 |
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At 31 December 2014 |
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5. | 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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