Registered Number 05309699
MULBERRY COTTAGES 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 | |||
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 | 4 |
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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
Tangible assets depreciation policy
S/Term leasehold property - 10%- 20% straight line
Plant and machinery - 20- 33% straight line
Motor vehicles - 25% reducing balance
Intangible assets amortisation policy
Intangible fixed assets are stated at cost less amortisation. Amortisation is provided at rates to write off the cost of these assets over their expected useful lives.
Amortisation is provided at the following rates:
Goodwill - 5 year straight line
Trademarks - 10 year straight line
Other accounting policies
Rentals under operating leases are charged to the profit and loss account on a straight line basis over the lease term.
Deferred taxation:
Full provision is made for deferred tax assets and liabilities arising from all timing differences between the recognition of gains and losses in the financial statements and recognition in the tax computation
A net deferred tax asset is recognised only if it can be regarded as 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 assets and liabilities are calculated at the tax rates expected to be effective at the time the timing differences are expected to reverse.
Deferred tax assets and liabilities are not discounted.
Pensions:
The company operates a defined contribution pension scheme and the pension charge represents the amounts payable by the company to the fund in respect of the year
£ | |
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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 | 22,709 |
At 30 September 2014 | 30,394 |
£ | |
---|---|
Cost | |
At 1 October 2014 |
|
Additions |
|
Disposals |
( |
Revaluations |
|
Transfers |
|
At 30 September 2015 |
|
Depreciation | |
At 1 October 2014 |
|
Charge for the year |
|
On disposals |
( |
At 30 September 2015 |
|
Net book values | |
At 30 September 2015 | 145,905 |
At 30 September 2014 | 85,604 |