Registered Number 04477551
D F STEWART SERVICES LIMITED
Abbreviated Accounts
31 July 2015
Notes | 2015 | 2014 | |
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£ | £ | ||
Fixed assets | |||
Intangible assets | 2 |
|
|
Tangible assets | 3 |
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|
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Current assets | |||
Stocks |
|
|
|
Debtors |
|
|
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Cash at bank and in hand |
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|
|
|
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Creditors: amounts falling due within one year |
( |
( |
|
Net current assets (liabilities) |
( |
( |
|
Total assets less current liabilities |
|
|
|
Creditors: amounts falling due after more than one year |
( |
( |
|
Provisions for liabilities |
( |
( |
|
Total net assets (liabilities) |
|
|
|
Capital and reserves | |||
Called up share capital | 4 |
|
|
Profit and loss account |
|
|
|
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
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Furniture and equipment - 25% on reducing balance
Intangible assets amortisation policy
Goodwill, being the amount paid in connection with the acquisition of a business in 2002, is being amortised evenly over its estimated useful life of twenty years.
Patents and licences
Patents and licences, acquired in 2015, are being amortised evenly over their expected useful life of eighteen months.
Other accounting policies
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
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 finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.
The interest element of these obligations is charged to the profit and loss account over the relevant period. The capital elements of the future payments is treated as a liability.
£ | |
---|---|
Cost | |
At 1 August 2014 |
|
Additions |
|
Disposals |
|
Revaluations |
|
Transfers |
|
At 31 July 2015 |
|
Amortisation | |
At 1 August 2014 |
|
Charge for the year |
|
On disposals |
|
At 31 July 2015 |
|
Net book values | |
At 31 July 2015 | 37,107 |
At 31 July 2014 | 32,000 |
£ | |
---|---|
Cost | |
At 1 August 2014 |
|
Additions |
|
Disposals |
( |
Revaluations |
|
Transfers |
|
At 31 July 2015 |
|
Depreciation | |
At 1 August 2014 |
|
Charge for the year |
|
On disposals |
( |
At 31 July 2015 |
|
Net book values | |
At 31 July 2015 | 139,095 |
At 31 July 2014 | 61,610 |