BOWEN MUELLER TRANSLATIONS LTD
REGISTERED NUMBER:
07577404
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2015
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CREDITORS:
amounts falling due within one year
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For the year ending 31 March 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 ("the Act") relating to small companies.
Directors' responsibilities:
 
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The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
 
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The abbreviated accounts, which have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006, were approved and authorised for issue by the board and were signed on its behalf on
13 November 2015
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The notes on pages 2 to 4 form part of these financial statements.
Page 1
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BOWEN MUELLER TRANSLATIONS LTD
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2015
1.
ACCOUNTING POLICIES
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Basis of preparation of financial statements
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The full financial statements, from which these abbreviated accounts have been extracted, 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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Turnover comprises revenue recognised by the company in respect of services supplied during the year, exclusive of Value Added Tax and trade discounts.
Revenue in respect of service contracts is recognised when the company obtains the right to receive consideration for the services rendered to its customer.
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Intangible fixed assets and amortisation
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Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the identifiable assets and liabilities. It is amortised to the profit and loss account over its estimated economic life of five years.
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Tangible fixed assets and depreciation
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Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
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Monetary assets and liabilities denominated in foreign currencies are translated into sterling at rates of exchange ruling at the balance sheet date.
Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction.
Exchange gains and losses are recognised in the profit and loss account.
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Page 2
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BOWEN MUELLER TRANSLATIONS LTD
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2015
2.
INTANGIBLE FIXED ASSETS
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At 1 April 2014 and 31 March 2015
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3.
TANGIBLE FIXED ASSETS
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At 1 April 2014 and 31 March 2015
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Page 3
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BOWEN MUELLER TRANSLATIONS LTD
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2015
4.
SHARE CAPITAL
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Allotted, called up and fully paid
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50
A Ordinary
shares of £
0.01
each
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50
B Ordinary
shares of £
0.01
each
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The shares rank pari passu except that dividends can be declared on one class of share without having to be declared on the other.
Page 4
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