Registered Number 03112339
ARTHUR SMITH (GRIMSBY) LIMITED
Abbreviated Accounts
31 October 2016
Notes | 2016 | 2015 | |
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Called up share capital not paid |
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Fixed assets | |||
Intangible assets |
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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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Investments |
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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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Provisions for liabilities |
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Accruals and deferred income |
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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
Fixtures and fittings - 25% straight line
Ship - Over 20 years on a straight line basis
Other accounting policies
Stock Is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.
Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE.
Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.
The company makes contributions to the personal pension schemes of the directors, Mr D J Smith and Mr J A Smith. Contributions are recognised in the profit and loss account in the period in which they are paid.
£ | |
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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 | 35,810 |
At 31 October 2015 | 38,185 |
3
Fixed assets Investments
Grimsby and Immingham Stevedores Limited - Ordinary shares 33% in voluntary liquidation
Cargo Rigging and Dunnaging Limited - Ordinary shares 33% dormant
Both investments are considered to have no value and have been written down to nil at the year end.