Registration number:
Unaudited Abbreviated Accounts
for the Year Ended
One Stop Air Shop Limited
Contents
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One Stop Air Shop Limited
(Registration number: 04640597)
Abbreviated Balance Sheet at 31 December 2014
Note |
2014
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2013
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Fixed assets |
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Tangible fixed assets |
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Current assets |
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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 |
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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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Net assets |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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Shareholders' funds |
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Approved by the director on
.........................................
Mr Gary Crotty
Director
1
One Stop Air Shop Limited
Notes to the Abbreviated Accounts for the Year Ended 31 December 2014
......... continued
Accounting policies |
Basis of preparation
The accounts do not include a cash flow statement because the company, as a small reporting entity, is exempt from the requirements to prepare such a statement.
Turnover
Goodwill
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.
Amortisation
Amortisation is provided on intangible fixed assets so as to write off the cost, less any estimated residual value, over their expected useful economic life as follows:
Asset class |
Amortisation method and rate |
Goodwill |
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Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Asset class |
Depreciation method and rate |
Computer equipment |
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Fixures, fittings & equipment |
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Motor vehicles |
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Stock
Foreign currency
Hire purchase and leasing
One Stop Air Shop Limited
Notes to the Abbreviated Accounts for the Year Ended 31 December 2014
......... continued
Financial instruments
Pensions
Fixed assets |
Intangible assets
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Tangible assets
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Total
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Cost |
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At 1 January 2014 |
130,000 |
25,721 |
155,721 |
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At 31 December 2014 |
130,000 |
25,721 |
155,721 |
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Depreciation |
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At 1 January 2014 |
130,000 |
20,622 |
150,622 |
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Charge for the year |
- |
1,093 |
1,093 |
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At 31 December 2014 |
130,000 |
21,715 |
151,715 |
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Net book value |
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At 31 December 2014 |
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At 31 December 2013 |
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Creditors |
Included in the creditors are the following amounts due after more than five years:
One Stop Air Shop Limited
Notes to the Abbreviated Accounts for the Year Ended 31 December 2014
......... continued
2014
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2013
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After more than five years by instalments |
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Share capital |
Allotted, called up and fully paid shares
2014 |
2013 |
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No. |
£ |
No. |
£ |
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