Registered Number 08741988
PAUL KISS BUILDING AND JOINERY SERVICES LIMITED
Abbreviated Accounts
31 October 2014
Notes | 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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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
Period, exclusive of Value Added Tax.
Tangible assets depreciation policy
over the useful economic life of that asset as follows:
Plant & Machinery - 15% Reducing Balance
Equipment - 15% Reducing Balance
Intangible assets amortisation policy
Balance Sheet and amortised over its useful economic life. Where a reliable estimate of the
useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed
five years. Useful ecomonic lives are reviewed at the end of each reporting period and revised if
necessary, subject to the constraint that the revised life shall not exceed 20 years from the date
of acquisition. The carrying amount at the date of revision is depreciated over the revised
estimate of remaining useful economic life.
Other accounting policies
Financial liabilities and equity instruments are classified according to the substance of the
contractual arrangements entered into. An equity instrument is any contract that evidences a
residual interest in the assets of the entity after deducting all of its financial liabilities.
Where the contractual obligations of financial instruments (including share capital) are
equivalent to a similar debt instrument, those financial instruments are classed as financial
liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and
gains or losses relating to financial liabilities are included in the profit and loss account. Finance
costs are calculated so as to produce a constant rate of return on the outstanding liability.
Where the contractual terms of share capital do not have any terms meeting the definition of a
financial liability then this is classed as an equity instrument. Dividends and distributions
relating to equity instruments are debited direct to equity.
£ | |
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Cost | |
Additions |
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Disposals |
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Revaluations |
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Transfers |
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At 31 October 2014 |
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Amortisation | |
Charge for the year |
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On disposals |
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At 31 October 2014 |
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Net book values | |
At 31 October 2014 | 30,000 |
£ | |
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Cost | |
Additions |
|
Disposals |
|
Revaluations |
|
Transfers |
|
At 31 October 2014 |
|
Depreciation | |
Charge for the year |
|
On disposals |
|
At 31 October 2014 |
|
Net book values | |
At 31 October 2014 | 1,540 |