Registered Number 05952894
READING & WOKINGHAM SERVICES LIMITED
Abbreviated Accounts
31 October 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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Creditors: amounts falling due after more than one year |
( |
( |
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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
Tangible assets depreciation policy
Motor vehicles 20% on reducing balance
Intangible assets amortisation policy
Other accounting policies
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.
Leasing and hire purchase commitments
"Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability.
The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding.
Rentals paid under operating leases are charged to income on a straight line basis over the lease term."
£ | |
---|---|
Cost | |
At 1 November 2014 |
|
Additions |
|
Disposals |
|
Revaluations |
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Transfers |
|
At 31 October 2015 |
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Amortisation | |
At 1 November 2014 |
|
Charge for the year |
|
On disposals |
|
At 31 October 2015 |
|
Net book values | |
At 31 October 2015 | 110,000 |
At 31 October 2014 | 120,000 |
£ | |
---|---|
Cost | |
At 1 November 2014 |
|
Additions |
|
Disposals |
( |
Revaluations |
|
Transfers |
|
At 31 October 2015 |
|
Depreciation | |
At 1 November 2014 |
|
Charge for the year |
|
On disposals |
( |
At 31 October 2015 |
|
Net book values | |
At 31 October 2015 | 636,290 |
At 31 October 2014 | 618,736 |