Registration number:
trading as
for the Year Ended
Karen Campbell Limited
trading as Campbell & Galloway
Contents
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Karen Campbell Limited
trading as Campbell & Galloway
(Registration number: SC397657)
Abbreviated Balance Sheet at 31 May 2016
Note |
2016
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2015
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Fixed assets |
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Intangible fixed assets |
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Tangible fixed assets |
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Current assets |
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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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( |
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Net current liabilities |
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Total assets less current liabilities |
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Provisions for liabilities |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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Shareholders' funds |
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Approved by the director on
Dr Karen Campbell
Director
1
Karen Campbell Limited
trading as Campbell & Galloway
Notes to the Abbreviated Accounts for the Year Ended 31 May 2016
......... continued
Accounting policies |
Basis of preparation
Turnover
Goodwill
Positive goodwill is capitalised as an asset and amortised on a straight line basis over its useful economic life. It is reviewed for impairment if events or circumstances indicate that the carrying value may not be recoverable.
Amortisation
Amortisation is provided on intangible assets so as to write off the cost, less any residual value, over the expected useful economic life as follows:
Asset class |
Amortisation method and rate |
Goodwill |
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Depreciation
Depreciation is provided on tangible fixed assets so as to write off the cost, less any estimated residual value, over the expected useful economic life as follows:
Asset class |
Depreciation method and rate |
Motor vehicles |
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Fixtures and equipment |
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Leasehold improvements |
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Stock
Deferred tax
Hire purchase and leasing
Karen Campbell Limited
trading as Campbell & Galloway
Notes to the Abbreviated Accounts for the Year Ended 31 May 2016
......... continued
Financial instruments
Pensions
Fixed assets |
Intangible assets
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Tangible assets
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Total
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Cost |
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At 1 June 2015 |
208,650 |
86,641 |
295,291 |
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Disposals |
- |
(2,329) |
(2,329) |
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At 31 May 2016 |
208,650 |
84,312 |
292,962 |
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Depreciation |
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At 1 June 2015 |
41,733 |
34,899 |
76,632 |
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Charge for the year |
10,433 |
8,119 |
18,552 |
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Eliminated on disposals |
- |
(1,594) |
(1,594) |
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At 31 May 2016 |
52,166 |
41,424 |
93,590 |
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Net book value |
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At 31 May 2016 |
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At 31 May 2015 |
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Share capital |
Allotted, called up and fully paid shares
2016 |
2015 |
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No. |
£ |
No. |
£ |
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