Registered Number 04901577
MARTIN FLINDERS ELECTRICAL LTD
Abbreviated Accounts
30 September 2015
Notes | 2015 | 2014 | |
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£ | £ | ||
Fixed assets | |||
Intangible assets | 2 |
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Tangible assets | 3 |
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Current assets | |||
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 (liabilities) |
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Total assets less current liabilities |
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Provisions for liabilities |
( |
( |
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Total net assets (liabilities) |
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Capital and reserves | |||
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 Board on
And signed on their behalf by:
1 Accounting Policies
Basis of measurement and preparation of accounts
Turnover policy
Turnover in respect of Long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.
Tangible assets depreciation policy
Freehold Property - 2% straight line
Plant & Machinery - 10% reducing balance
Fixtures & Fittings - 10% reducing balance
Motor Vehicles - 25% reducing balance
Equipment - 20% reducing balance
Intangible assets amortisation policy
Goodwill - 5% straight line
Valuation information and policy
Other accounting policies
Deferred tax is recognised in respect of all material timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax.
The only exception is that deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted.
Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
£ | |
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Cost | |
At 1 October 2014 |
|
Additions |
|
Disposals |
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Revaluations |
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Transfers |
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At 30 September 2015 |
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Amortisation | |
At 1 October 2014 |
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Charge for the year |
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On disposals |
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At 30 September 2015 |
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Net book values | |
At 30 September 2015 | 6,000 |
At 30 September 2014 | 6,750 |
£ | |
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Cost | |
At 1 October 2014 |
|
Additions |
|
Disposals |
|
Revaluations |
|
Transfers |
|
At 30 September 2015 |
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Depreciation | |
At 1 October 2014 |
|
Charge for the year |
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On disposals |
|
At 30 September 2015 |
|
Net book values | |
At 30 September 2015 | 97,674 |
At 30 September 2014 | 106,490 |