Registration number:
Unaudited Abbreviated Accounts
for the Year Ended
K M Duncan Agricultural Engineering Limited
Contents
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K M Duncan Agricultural Engineering Limited
(Registration number: SC447955)
Abbreviated Balance Sheet at 30 September 2015
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2015
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2014
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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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Net current liabilities |
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Total assets less current liabilities |
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Provisions for liabilities |
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- |
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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 Board on
1
K M Duncan Agricultural Engineering Limited
(Registration number: SC447955)
Abbreviated Balance Sheet at 30 September 2015
......... continued
.........................................
K Duncan
Director
2
K M Duncan Agricultural Engineering Limited
Notes to the Abbreviated Accounts for the Year Ended 30 September 2015
......... continued
Accounting policies |
Basis of preparation
Turnover
Goodwill
Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful economic life. It is reviewed for impairment at the end of the first full financial year following the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.
Amortisation
Goodwill being the amount paid in connection with the auisition of the business in 2013, to be amortised over its estimated useful life of eight years.
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 or valuation, less any estimated residual value, over their expected useful economic life as follows:
Asset class |
Depreciation method and rate |
Office equipment |
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Motor vehicles |
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Plant and machinery |
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Stock
Deferred tax
K M Duncan Agricultural Engineering Limited
Notes to the Abbreviated Accounts for the Year Ended 30 September 2015
......... continued
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 October 2014 |
325,000 |
28,565 |
353,565 |
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Additions |
- |
14,315 |
14,315 |
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Disposals |
- |
(6,000) |
(6,000) |
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At 30 September 2015 |
325,000 |
36,880 |
361,880 |
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Depreciation |
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At 1 October 2014 |
40,625 |
5,868 |
46,493 |
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Charge for the year |
40,625 |
7,543 |
48,168 |
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Eliminated on disposals |
- |
(1,200) |
(1,200) |
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At 30 September 2015 |
81,250 |
12,211 |
93,461 |
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Net book value |
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At 30 September 2015 |
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At 30 September 2014 |
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Share capital |
Allotted, called up and fully paid shares
2015 |
2014 |
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No. |
£ |
No. |
£ |
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