Registered Number 03089605
STEVE KANE PAINTING & DECORATING LIMITED
Abbreviated Accounts
28 February 2016
Notes | 2016 | 2015 | |
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£ | £ | ||
Fixed assets | |||
Intangible assets | 2 |
|
|
Tangible assets | 3 |
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|
|
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Current assets | |||
Stocks |
|
|
|
Debtors |
|
|
|
Cash at bank and in hand |
|
|
|
|
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Creditors: amounts falling due within one year |
( |
( |
|
Net current assets (liabilities) |
|
|
|
Total assets less current liabilities |
|
|
|
Provisions for liabilities |
( |
( |
|
Total net assets (liabilities) |
|
|
|
Capital and reserves | |||
Called up share capital | 4 |
|
|
Profit and loss account |
|
|
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Shareholders' funds |
|
|
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
Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Computers - 20% straight line basis
Plant and equipment - 20% reducing balance basis
Motor vehicles - 25% reducing balance basis
Intangible assets amortisation policy
Valuation information and policy
Other accounting policies
The pension scheme being operated by the company is a defined contribution scheme and payments are charged to the profit and loss account when paid.
£ | |
---|---|
Cost | |
At 1 March 2015 |
|
Additions |
|
Disposals |
|
Revaluations |
|
Transfers |
|
At 28 February 2016 |
|
Amortisation | |
At 1 March 2015 |
|
Charge for the year |
|
On disposals |
|
At 28 February 2016 |
|
Net book values | |
At 28 February 2016 | 15,000 |
At 28 February 2015 | 20,000 |
£ | |
---|---|
Cost | |
At 1 March 2015 |
|
Additions |
|
Disposals |
( |
Revaluations |
|
Transfers |
|
At 28 February 2016 |
|
Depreciation | |
At 1 March 2015 |
|
Charge for the year |
|
On disposals |
( |
At 28 February 2016 |
|
Net book values | |
At 28 February 2016 | 39,667 |
At 28 February 2015 | 28,616 |