Registered Number 03145283
WORBOYS AND JOHNSTON LIMITED
Abbreviated Accounts
29 February 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 | 3 |
( |
( |
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 |
( |
( |
Provisions for liabilities |
( |
( |
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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
Land and buildings - 1% on cost
Plant and machinery - 25% on 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.
Deferred tax
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
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.
£ | |
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Cost | |
At 1 March 2015 |
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Additions |
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Disposals |
( |
Revaluations |
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Transfers |
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At 29 February 2016 |
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Depreciation | |
At 1 March 2015 |
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Charge for the year |
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On disposals |
( |
At 29 February 2016 |
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Net book values | |
At 29 February 2016 | 211,826 |
At 28 February 2015 | 609,989 |
2016
£ |
2015
£ |
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Secured Debts |
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Instalment debts due after 5 years |
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5 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 March 2015: | £ |
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Advances or credits made: | £ |
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Advances or credits repaid: | £ |
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Balance at 29 February 2016: | £ |