Registered Number 01471660
FIRTHFAME LIMITED
Abbreviated Accounts
31 December 2015
Notes | 2015 | 2014 | |
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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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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
Tangible assets depreciation policy
Plant and machinery - 25% on reducing balance
Valuation information and policy
Other accounting policies
Stocks are valued at the lower of cost and net realisable value, with the exception of property appropriated from investments in 2006 at valuation.
Deferred Tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
Where assets have been re-valued, deferred tax is only recognised to the extent that the company expects to realise such assets in the short to medium term.
Property appropriated to stock would, if sold at the value recognised in the accounts, be anticipated to produce a liability to tax of £62,000 (2014 - £62,000). This has been recognised, however, the deemed gain is to be rolled over under s161 TCGA 1992.
£ | |
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Cost | |
At 1 January 2015 |
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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 31 December 2015 |
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Depreciation | |
At 1 January 2015 |
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Charge for the year |
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On disposals |
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At 31 December 2015 |
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Net book values | |
At 31 December 2015 | 0 |
At 31 December 2014 | 21 |
3
Fixed assets Investments
There are no listed investments (2014 - None)