Registered Number 03050836
MISSON PALLETS SERVICES LIMITED
Abbreviated Accounts
30 April 2016
Notes | 2016 | 2015 | |
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£ | £ | ||
Fixed assets | |||
Intangible assets | 2 |
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Tangible assets | 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 | 4 |
( |
( |
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 | 4 |
( |
( |
Provisions for liabilities |
( |
( |
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Total net assets (liabilities) |
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Capital and reserves | |||
Called up share capital | 5 |
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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
Equipment & fixtures - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Intangible assets amortisation policy
Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of ten years.
Valuation information and policy
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Other accounting policies
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.
The interest element of these obligations is charged to the profit and loss account over the relevant period. The capital element of the future payments is treated as a liability.
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.
£ | |
---|---|
Cost | |
At 1 May 2015 |
|
Additions |
|
Disposals |
|
Revaluations |
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Transfers |
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At 30 April 2016 |
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Amortisation | |
At 1 May 2015 |
|
Charge for the year |
|
On disposals |
|
At 30 April 2016 |
|
Net book values | |
At 30 April 2016 | 25,000 |
At 30 April 2015 | 30,000 |
£ | |
---|---|
Cost | |
At 1 May 2015 |
|
Additions |
|
Disposals |
( |
Revaluations |
|
Transfers |
|
At 30 April 2016 |
|
Depreciation | |
At 1 May 2015 |
|
Charge for the year |
|
On disposals |
( |
At 30 April 2016 |
|
Net book values | |
At 30 April 2016 | 105,657 |
At 30 April 2015 | 106,028 |
2016
£ |
2015
£ |
|
---|---|---|
Secured Debts |
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6 Transactions with directors
Name of director receiving advance or credit: |
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Description of the transaction: |
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Balance at 1 May 2015: | £ |
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Advances or credits made: | £ |
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Advances or credits repaid: | £ |
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Balance at 30 April 2016: | £ |