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Abbreviated Unaudited Accounts for the Year Ended 31 October 2014 |
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Binks Vertical Limited |
REGISTERED NUMBER:
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Abbreviated Unaudited Accounts for the Year Ended 31 October 2014 |
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for |
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Binks Vertical Limited |
Binks Vertical Limited (Registered number: 04720973) |
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Contents of the Abbreviated Accounts |
for the Year Ended 31 October 2014 |
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Company Information | 1 |
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Abbreviated Balance Sheet | 2 |
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Notes to the Abbreviated Accounts | 3 |
Binks Vertical Limited |
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Company Information |
for the Year Ended 31 October 2014 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Accountants |
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BANKERS: |
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SOLICITORS: |
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Binks Vertical Limited (Registered number: 04720973) |
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Abbreviated Balance Sheet |
31 October 2014 |
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2014 | 2013 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 2 |
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CURRENT ASSETS |
Stocks |
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Debtors | 3 |
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CREDITORS |
Amounts falling due within one year | 4 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital | 5 |
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Profit & 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. |
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The financial statements were approved by the Board of Directors on
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Binks Vertical Limited (Registered number: 04720973) |
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Notes to the Abbreviated Accounts |
for the Year Ended 31 October 2014 |
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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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Preparation of consolidated financial statements |
The financial statements contain information about Binks Vertical Limited as an individual company and do not |
contain consolidated financial information as the parent of a group. The company has taken the option under |
Section 398 of the Companies Act 2006 not to prepare consolidated financial statements. |
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Tangible fixed assets |
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Plant & machinery etc | - |
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Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow |
moving items. |
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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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2. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 November 2013 |
and 31 October 2014 |
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DEPRECIATION |
At 1 November 2013 |
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Charge for year |
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At 31 October 2014 |
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NET BOOK VALUE |
At 31 October 2014 |
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At 31 October 2013 |
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3. |
DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR |
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The aggregate total of debtors falling due after more than one year is £
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4. | CREDITORS |
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Creditors include an amount of £
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Binks Vertical Limited (Registered number: 04720973) |
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Notes to the Abbreviated Accounts - continued |
for the Year Ended 31 October 2014 |
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5. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2014 | 2013 |
value: | £ | £ |
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Ordinary | £1 |
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6. | ULTIMATE PARENT COMPANY |
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The company is a wholly-owned subsidiary of Binks Executive Homes Limited, a company incorporated in |
England and Wales. Copies of the company accounts are available from Companies House, Crown Way, Cardiff, |
CF14 3UZ. |
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7. | RELATED PARTY DISCLOSURES |
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At the balance sheet date £976,418 (2013 - £1,255,653) was due to Binks Executive Homes Limited, the parent |
undertaking. The outstanding balance is repayable on demand and carries no right to interest. |
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Included in other debtors is £1,544,813 (2013 - £1,421,454) due from Binks Developments Limited, a company |
owned by the directors. The directors have agreed that £1,000,000 of this balance will be deferred for a period of |
at least one year, otherwise this balance is repayable on demand and carries no right to interest. |
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8. | ULTIMATE CONTROLLING PARTY |
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The ultimate controlling party is considered to be R D and P Binks by virtue of their majority holding in the |
issued share capital of the parent undertaking, Binks Executive Homes Limited. |