Registered Number 00633812
F.W. LYONS & SONS LIMITED
Abbreviated Accounts
5 April 2015
Notes | 2015 | 2014 | |
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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
Turnover policy
Tangible assets depreciation policy
land and buildings -Nil
No depreciation is provided in respect of investment properties. The properties are not held for consumption but for investment, and the directors consider that systematic annual depreciation would be inappropriate. The accounting policy adopted is therefore necessary for the accounts to give a true and fair view.
Other accounting policies
Stock is valued at the lower of cost and net realisable value.
£ | |
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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 |
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At 5 April 2015 |
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Net book values | |
At 5 April 2015 | 258,325 |
At 5 April 2014 | 482,743 |