Registered Number 01351107
FRASER HAMILTON ASSOCIATES LIMITED
Abbreviated Accounts
28 February 2016
Notes | 2016 | 2015 | |
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£ | £ | ||
Fixed assets | |||
Tangible assets | 2 |
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Investments | 3 |
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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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Creditors: amounts falling due after more than one year |
( |
( |
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Provisions for liabilities |
( |
( |
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Total net assets (liabilities) |
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Capital and reserves | |||
Called up share capital | 4 |
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Revaluation reserve |
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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
have been prepared under the historical cost convention as modified by the revaluation of assets and
in accordance with applicable accounting standards and the Companies Act 2006.
Information on the impact of first-time adoption of FRS 102 is given in note 14.
Turnover policy
Company and the revenue can be reliably measured. Revenue is measured as the fair value of the
consideration received or receivable, excluding discounts, rebates, value added tax and other sales
taxes. The following criteria must also be met before revenue is recognised:
Sale of goods
Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually
associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.
Tangible assets depreciation policy
estimated useful lives, using the straight-line method.
Depreciation is provided on the following basis:
Freehold property - 2% straight line on original cost
Plant and machinery - 10% reducing balance
Motor vehicles - 20% straight line
Fixtures and fittings - 10% reducing balance
£ | |
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Cost | |
At 1 March 2015 |
|
Additions |
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Disposals |
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Revaluations |
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Transfers |
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At 28 February 2016 |
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Depreciation | |
At 1 March 2015 |
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Charge for the year |
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On disposals |
|
At 28 February 2016 |
|
Net book values | |
At 28 February 2016 | 625,721 |
At 28 February 2015 | 659,417 |
3
Fixed assets Investments
Cost or valuation
At 1 March 2015 1,275,000
At 29 February 2016 1,275,000
At 29 February 2016 -
Net book value
At 29 February 2016 1,275,000
At 28 February 2015 1,275,000