Registered Number 09265063
PAUL HAND LABOUR LIMITED
Abbreviated Accounts
31 October 2015
Notes | 2015 | ||
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£ | |||
Fixed assets | |||
Tangible assets | 2 |
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Current assets | |||
Stocks |
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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 | 3 |
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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
Financial Reporting Standard Number 1
Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a small company.
Turnover policy
Tangible assets depreciation policy
Plant & Machinery etc.. – 25% reducing balance
Valuation information and policy
Work and progress is valued at the lower of cost and net realisable value.
Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.
Other accounting policies
Deferred tax is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance had not been discounted at the balance sheet date.
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the profit and lose account on a straight line basis over the period of the lease.
£ | |
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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 2015 |
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Depreciation | |
Charge for the year |
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On disposals |
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At 31 October 2015 |
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Net book values | |
At 31 October 2015 | 7,578 |