Registered Number 02077082
BAXCROWN LIMITED
Abbreviated Accounts
30 September 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 | 3 |
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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 | 3 |
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Total net assets (liabilities) |
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Capital and reserves | |||
Called up share capital | 4 |
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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
Plant & machinery - 25% on cost
Motor vehicles - 25% on cost
Fixtures & fittings - 25% on cost
Other accounting policies
At 30 September 2015, the company had total net liabilities of £172,529 (2014: £159,115).
Included within creditors are director's and family loans of £658,581 (2014: £439,026). Repayment of these will not be sought until funds become available.
The company is developing a number of residential properties and once these are sold the expectation is that profits will be realised.
Therefore, the financial statements have been prepared on a going concern basis.
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
£ | |
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Cost | |
At 1 October 2014 |
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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 30 September 2015 |
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Depreciation | |
At 1 October 2014 |
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Charge for the year |
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On disposals |
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At 30 September 2015 |
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Net book values | |
At 30 September 2015 | 205 |
At 30 September 2014 | 371 |
2015
£ |
2014
£ |
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Instalment debts due after 5 years |
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Non-instalment debts due after 5 years |
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