Registered Number 00493585
F PENNINGTON & SON LIMITED
Abbreviated Accounts
5 April 2015
Notes | 2015 | 2014 | |
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£ | £ | ||
Fixed assets | |||
Intangible assets | 2 |
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Tangible assets | 3 |
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Investments | 4 |
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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 | 5 |
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Revaluation reserve |
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Other reserves |
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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
Investment income is recognised in the period in which it is received.
Tangible assets depreciation policy
An amount equal to the excess of the annual depreciation charge on revalued assets over the national historical cost depreciation charge on those assets is transferred annually from the revaluation reserve to the profit and loss.
Tenant's improvements - 4% straight line basis
Plant and machinery - 5% reducing balance basis
Intangible assets amortisation policy
Basic Payment Scheme entitlements - 5 years straight line to 31 December 2011
Valuation information and policy
Other accounting policies
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date, where transactions or events that result in an obligation to pay more or a right to pay less tax in the future have occurred by the balance sheet date with certain limited exceptions.
Deferred tax is calculated on an undiscounted basis at the tax rates that are expected to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.
Pensions
The company operates a defined contribution pension scheme and the pension charge represents the amounts payable by the company to the fund in respect of the year. The assets of the scheme are held separately from those of the company in an independently administered fund.
£ | |
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Cost | |
At 6 April 2014 |
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Additions |
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Disposals |
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Revaluations |
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Transfers |
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At 5 April 2015 |
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Amortisation | |
At 6 April 2014 |
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Charge for the year |
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On disposals |
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At 5 April 2015 |
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Net book values | |
At 5 April 2015 | 0 |
At 5 April 2014 | 0 |
£ | |
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Cost | |
At 6 April 2014 |
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Additions |
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Disposals |
( |
Revaluations |
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Transfers |
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At 5 April 2015 |
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Depreciation | |
At 6 April 2014 |
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Charge for the year |
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On disposals |
( |
At 5 April 2015 |
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Net book values | |
At 5 April 2015 | 1,102,135 |
At 5 April 2014 | 1,067,589 |
4
Fixed assets Investments
6 Transactions with directors
Name of director receiving advance or credit: |
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Description of the transaction: |
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Balance at 6 April 2014: | £ |
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Advances or credits made: | £ |
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Advances or credits repaid: | £ |
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Balance at 5 April 2015: | £ |
Name of director receiving advance or credit: |
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Description of the transaction: |
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Balance at 6 April 2014: | £ |
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Advances or credits made: | £ |
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Advances or credits repaid: | £ |
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Balance at 5 April 2015: | £ |