Registered Number 05409533
BRITISH SILVERWARE LIMITED
Abbreviated Accounts
31 August 2015
Notes | 2015 | 2014 | |
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£ | £ | ||
Fixed assets | |||
Intangible assets | 2 |
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Tangible assets | 3 |
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Investments | 4 |
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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 | 5 |
( |
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Net current assets (liabilities) |
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Total assets less current liabilities |
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Creditors: amounts falling due after more than one year | 5 |
( |
( |
Provisions for liabilities |
( |
( |
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Total net assets (liabilities) |
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Capital and reserves | |||
Called up share capital | 6 |
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Other reserves |
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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
Plant and machinery 25% reducing balance
Computer equipment 25% reducing balance
Fixtures, fittings & equipment 25% reducing balance
Other accounting policies
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.
Leasing and hire purchase commitments
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and depreciated over the shorter of the lease term and their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Investments
Fixed asset investments are stated at cost less provision for diminution in value.
Stock
Stock is valued at the lower of cost and net realisable value.
Deferred taxation
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.
Foreign currency translation
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to the profit and loss account.
£ | |
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Cost | |
At 1 September 2014 |
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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 August 2015 |
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Amortisation | |
At 1 September 2014 |
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Charge for the year |
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On disposals |
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At 31 August 2015 |
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Net book values | |
At 31 August 2015 | 3,200 |
At 31 August 2014 | 4,800 |
£ | |
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Cost | |
At 1 September 2014 |
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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 August 2015 |
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Depreciation | |
At 1 September 2014 |
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Charge for the year |
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On disposals |
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At 31 August 2015 |
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Net book values | |
At 31 August 2015 | 90,313 |
At 31 August 2014 | 95,924 |
4
Fixed assets Investments
Additions £0
At 31 August 2015 £20,000
Depreciation
At 1 September 2014 £4,000
Charge for the year £4,000
At 31 August 2015 £8,000
Net book value
At 31 August 2015 £12,000
At 31 August 2014 £16,000
Holdings of more than 20%
The company holds more than 20% of the share capital of the following companies:
Vanderbelks Ltd - United Kingdom - Ordinary shares 100%
the aggregate amount of capital and reserves and the results of these undertakings for the last relevant financial year were as follows:
Vanderbelks Ltd - Dormant company - Capital and reserves 2015 £3,333 Profit/(loss) for the year 2015 £0
2015
£ |
2014
£ |
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Secured Debts |
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