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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31 DECEMBER 2016 |
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FOR |
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COLNBROOK INSTRUMENT DEVELOPMENT |
LIMITED |
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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31 DECEMBER 2016 |
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FOR |
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COLNBROOK INSTRUMENT DEVELOPMENT |
LIMITED |
COLNBROOK INSTRUMENT DEVELOPMENT |
LIMITED (REGISTERED NUMBER: 00524994) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
for the year ended 31 DECEMBER 2016 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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COLNBROOK INSTRUMENT DEVELOPMENT |
LIMITED |
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COMPANY INFORMATION |
for the year ended 31 DECEMBER 2016 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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1 High Street |
Thatcham |
Berks |
RG19 3JG |
COLNBROOK INSTRUMENT DEVELOPMENT |
LIMITED (REGISTERED NUMBER: 00524994) |
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BALANCE SHEET |
31 DECEMBER 2016 |
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31.12.16 | 31.12.15 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 3 |
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CURRENT ASSETS |
Debtors | 4 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 5 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital |
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Revaluation reserve | 6 |
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Capital redemption reserve |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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The directors acknowledge their responsibilities for: |
(a) |
ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies
Act 2006 and |
(b) |
preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors on
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COLNBROOK INSTRUMENT DEVELOPMENT |
LIMITED (REGISTERED NUMBER: 00524994) |
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NOTES TO THE FINANCIAL STATEMENTS |
for the year ended 31 DECEMBER 2016 |
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1. | STATUTORY INFORMATION |
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Colnbrook Instrument Development Limited is a
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Wales. The company's registered number and registered office address can be found on the Company |
Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover represents rents and recoveries receivable from the letting of the company's factory premises and |
rentals receivable for the hire of plant machinery and equipment. |
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Tangible fixed assets |
No depreciation has been provided in respect of freehold property held for investment as the directors consider |
this policy is necessary for the financial statements to give a true and fair view. |
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Depreciation is provided at the following annual rates in order to write off other fixed assets over their |
anticipated useful lives. |
Plant, machinery and equipment 15%, 25% and 33% on cost. |
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Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to |
the extent that it relates to items recognised in other comprehensive income or directly in equity. |
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Current or deferred taxation assets and liabilities are not discounted. |
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Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or |
substantively enacted by the balance sheet date. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
sheet date. |
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Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from |
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that |
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the |
timing difference. |
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Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they |
will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
COLNBROOK INSTRUMENT DEVELOPMENT |
LIMITED (REGISTERED NUMBER: 00524994) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
for the year ended 31 DECEMBER 2016 |
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3. | TANGIBLE FIXED ASSETS |
Plant |
machinery |
Freehold | and |
property | equipment | Totals |
£ | £ | £ |
COST OR VALUATION |
At 1 January 2016 |
and 31 December 2016 |
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DEPRECIATION |
At 1 January 2016 |
and 31 December 2016 |
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NET BOOK VALUE |
At 31 December 2016 |
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At 31 December 2015 |
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Cost or valuation at 31 December 2016 is represented by: |
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Plant |
machinery |
Freehold | and |
property | equipment | Totals |
£ | £ | £ |
Valuation in 2005 | 410,000 | - | 410,000 |
Cost | 200,908 | 73,911 | 274,819 |
610,908 | 73,911 | 684,819 |
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If freehold property had not been revalued it would have been included at the following historical cost: |
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31.12.16 | 31.12.15 |
£ | £ |
Cost | 72,830 | 72,830 |
Aggregate depreciation | 15,677 | 15,677 |
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Freehold investment property held at 31 December 2005 was revalued by the directors at that date. |
Further investment property was acquired in the year ended 31 December 2007 and works on improvement and |
refurbishment were carried out during 2008. No further revaluation of the property previously revalued or that |
included at cost to date is considered necessary at 31 December 2016. |
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4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.16 | 31.12.15 |
£ | £ |
Amounts owed by group undertakings |
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Other debtors |
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Deferred tax asset |
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COLNBROOK INSTRUMENT DEVELOPMENT |
LIMITED (REGISTERED NUMBER: 00524994) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
for the year ended 31 DECEMBER 2016 |
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5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.16 | 31.12.15 |
£ | £ |
Tax |
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VAT |
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Other creditors |
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Accrued expenses |
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6. | RESERVES |
Revaluation |
reserve |
£ |
At 1 January 2016 |
and 31 December 2016 |
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7. | RELATED PARTY DISCLOSURES |
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Of the company's turnover, £7,500 (2015 : £32,806), being rent and recoveries receivable from the letting of the |
company's factory premises and rentals for the hire of plant machinery and equipment was receivable from A&V |
Projects Limited. |
At the Balance Sheet date 31st December 2016 the amount owed by group undertakings was £29,000 (2015 : |
Nil) |
These companies were also under the control of the Sondhi family and thus related parties. |
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