for the Period Ended 31 December 2017
Company Information - 3 | |
Balance sheet - 4 | |
Additional notes - 6 | |
Balance sheet notes - 7 |
for the Period Ended 31 December 2017
Registered office: |
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Company Registration Number: |
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As at
Notes |
2017 £ |
2016 £ |
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Fixed assets | |||
Intangible assets: | 2 |
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Tangible assets: | 3 |
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Total fixed assets: |
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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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Total current assets: |
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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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Total net assets (liabilities): |
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The notes form part of these financial statements
As at 31 December 2017
Notes |
2017 £ |
2016 £ |
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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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This report was approved by the board of directors on
And Signed On Behalf Of The Board By:
Name:
Status: Director
The notes form part of these financial statements
for the Period Ended 31 December 2017
Basis of measurement and preparation
Turnover policy
Revenue from the sale of goods is recognised when all the following conditions are satisfied:
- the Company has transferred to the buyer the significant risks and rewards of ownership of the goods;
- the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
- the amount of revenue can be measured reliably;
- it is probable that the economic benefits associated with the transaction will flow to the Company; and
- the costs incurred or to be incurred in respect of the transaction can be measured reliably.
Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.
Tangible fixed assets depreciation policy
At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.
Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:
Plant and machinery 25%% Straight line
Motor vehicles 25%% Straight line
Furniture, fittings and equipment 25%% Straight line
Intangible fixed assets amortisation policy
for the Period Ended 31 December 2017
Total | |
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Cost | £ |
At 01 January 2017 |
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Additions |
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Disposals |
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Revaluations |
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Transfers |
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At 31 December 2017 |
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Amortisation | |
Amortisation at 01 January 2017 |
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Charge for year |
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On disposals |
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Other adjustments |
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Amortisation at 31 December 2017 |
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Net book value | |
Net book value at 31 December 2017 |
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Net book value at 31 December 2016 |
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for the Period Ended 31 December 2017
Total | |
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Cost | £ |
At 01 January 2017 |
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Additions |
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Disposals |
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Revaluations |
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Transfers |
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At 31 December 2017 |
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Depreciation | |
At 01 January 2017 |
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Charge for year |
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On disposals |
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Other adjustments |
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At 31 December 2017 |
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Net book value | |
At 31 December 2017 |
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At 31 December 2016 |
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