Registered Number 01710368
MR. HEYWOOD'S CARPETS LIMITED
Abbreviated Accounts
31 October 2016
Notes | 2016 | 2015 | |
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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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Creditors: amounts falling due after more than one year |
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( |
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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 | 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
This is the first year in which the accounts have been prepared under FRS 102.
The company has taken advantage of the following disclosure exemption in preparing these financial statements as permitted by FRS 102:-
-the requirements of Section 7, Statement of Cash Flows
Turnover policy
Tangible assets depreciation policy
Fixtures and Fittings 15% reducing balance
Motor Vehicles 25% reducing balance
Other accounting policies
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items.
PENSION COSTS
The company operates a defined contribution pension scheme. Contributions payable to the scheme are charged to profit and loss in the period to which they relate.
£ | |
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Cost | |
At 1 November 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 October 2016 |
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Depreciation | |
At 1 November 2015 |
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Charge for the year |
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On disposals |
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At 31 October 2016 |
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Net book values | |
At 31 October 2016 | 8,736 |
At 31 October 2015 | 11,624 |