Courcy Limited
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Notes to the Accounts |
for the year ended 31 December 2016
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1 |
Accounting policies |
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Basis of preparation |
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The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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Turnover |
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Turnover is measured at the fair value of the consideration received or receivable, net of discounts.
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Tangible fixed assets |
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Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
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Plant and machinery |
25% reducing balance |
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Fixtures, fittings, tools and equipment |
25% reducing balance |
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Taxation |
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Deferred tax is recognised in respect of all timing differences that have originated but not been reversed at the balance sheet date.
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2 |
Employees |
2016 |
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2015 |
Number |
Number |
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Average number of persons employed by the company |
2 |
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2 |
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3 |
Tangible fixed assets |
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Plant and machinery etc |
£ |
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Cost |
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At 1 January 2016 |
100 |
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At 31 December 2016 |
100 |
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Depreciation |
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At 1 January 2016 |
44 |
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Charge for the year |
14 |
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At 31 December 2016 |
58 |
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Net book value |
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At 31 December 2016 |
42 |
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At 31 December 2015 |
56 |
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4 |
Debtors |
2016 |
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2015 |
£ |
£ |
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Trade debtors |
- |
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9,381 |
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5 |
Creditors: amounts falling due within one year |
2016 |
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2015 |
£ |
£ |
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Corporation tax |
3,334 |
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(967) |
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Other taxes and social security costs |
(2,786) |
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10,638 |
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Directors current account |
662 |
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334 |
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Accruals |
513 |
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513 |
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Other creditors |
- |
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99 |
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1,723 |
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10,617 |
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6 |
Other information |
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Courcy Limited is a private company limited by shares and incorporated in England. Its registered office is: |
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The Hermitage |
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Copthorne Bank |
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Copthorne |
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W Sussex |
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RH10 3RE |