REGISTERED NUMBER:
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Abbreviated Unaudited Accounts |
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for the Year Ended 30 November 2014 |
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for |
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North Devon Construction Ltd |
REGISTERED NUMBER:
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Abbreviated Unaudited Accounts |
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for the Year Ended 30 November 2014 |
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for |
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North Devon Construction Ltd |
North Devon Construction Ltd (Registered number: 04973208) |
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Contents of the Abbreviated Accounts |
for the Year Ended 30 November 2014 |
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Page |
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Abbreviated Balance Sheet | 1 |
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Notes to the Abbreviated Accounts | 3 |
North Devon Construction Ltd (Registered number: 04973208) |
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Abbreviated Balance Sheet |
30 November 2014 |
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2014 | 2013 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 2 |
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Tangible assets | 3 |
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CURRENT ASSETS |
Debtors |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 4 |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
4 |
( |
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( |
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PROVISIONS FOR LIABILITIES | ( |
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NET (LIABILITIES)/ASSETS | ( |
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CAPITAL AND RESERVES |
Called up share capital | 5 |
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Profit and loss account | ( |
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SHAREHOLDERS' FUNDS | ( |
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The director acknowledges his 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. |
North Devon Construction Ltd (Registered number: 04973208) |
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Abbreviated Balance Sheet - continued |
30 November 2014 |
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The financial statements were approved by the director on
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North Devon Construction Ltd (Registered number: 04973208) |
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Notes to the Abbreviated Accounts |
for the Year Ended 30 November 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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Exemption from preparing a cash flow statement |
Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a |
small company. |
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Turnover |
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work |
carried out in respect of services provided to customers. |
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Goodwill |
Goodwill representing the excess of the purchase price over the fair value of the net assets of undertakings |
acquired is capitalised in the balance sheet and is amortised by equal annual instalments over the expected useful |
economic life of 20 years. |
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Tangible fixed assets |
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Plant and machinery | - |
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Fixtures and fittings | - |
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Motor vehicles | - |
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Deferred tax |
Full provision is made for deferred tax liabilities arising from timing differences between the recognition of items |
in the accounts and their recognition for tax purposes. Deferred tax balances are not discounted. |
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Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no |
commitment to sell the asset. |
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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. |
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The interest element of these obligations is charged to the profit and loss account over the relevant period. The |
capital element of the future payments is treated as a liability. |
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Going concern |
The company has retained losses of £272 (2013 - retained profits of £3,133). It also has net current liabilities of |
£13,028 (2013 - £13,050) and net liabilities of £271 (2013 - net assets of £3,134). The company cannot continue |
to make losses of this significance while still meeting its obligations as they fall due. |
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The company is reliant on the continuing financial support of its creditors and while there are no reasons to doubt |
that this support will continue, inherently there can be no certainty in relation to these matters. On this basis, and |
having regard to the company's anticipated future revenues and costs including repayment of debt where |
appropriate, together with the expected availability of working capital, the director considers it appropriate to |
prepare the financial statements on the going concern basis. The financial statements do not include any |
adjustments that would result from an inability to meet obligations as they fall due. |
North Devon Construction Ltd (Registered number: 04973208) |
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Notes to the Abbreviated Accounts - continued |
for the Year Ended 30 November 2014 |
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2. | INTANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 December 2013 |
and 30 November 2014 |
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AMORTISATION |
At 1 December 2013 |
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Amortisation for year |
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At 30 November 2014 |
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NET BOOK VALUE |
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At 30 November 2014 |
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At 30 November 2013 |
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3. | TANGIBLE FIXED ASSETS |
Total |
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COST |
At 1 December 2013 |
and 30 November 2014 |
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DEPRECIATION |
At 1 December 2013 |
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Charge for year |
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At 30 November 2014 |
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NET BOOK VALUE |
At 30 November 2014 |
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At 30 November 2013 |
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4. | CREDITORS |
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Creditors include an amount of £
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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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