For the year ended 28 February 2016
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 08811874
Albion Commercial Ltd
For the year ended 28 February 2016
1
Accountants' Report
2
Balance Sheet
3
Notes to the Abbreviated Financial Statements
Albion Commercial Ltd
Accountants' Report
For the year ended 28 February 2016
As described on the balance sheet you are responsible for the preparation of the financial statements for the year
|
ended
28
February
2016
and you consider that the company is exempt from an audit under the Companies Act
|
2006
.
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In accordance with your instructions
,
we have compiled these unaudited financial statements in order to assist you
|
to fulfil your statutory responsibilities
,
from the accounting records and information and explanations supplied to us
.
|
Hartley & Co
Certified Public Accountants
97 New Park Street
Blackburn
BB2 1DF
29 November 2016
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Notes to the Abbreviated Financial Statements
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Albion Commercial Ltd
For the year ended 28 February 2016
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
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Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
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Dividends are included in the financial statements when their payment has been approved by the shareholders prior to
|
the balance sheet date
.
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Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
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Plant and Machinery
1,176
226
1,402
210
213
Charge for year
423
979
966
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