Burnley Tyre & Battery Limited
Abbreviated Balance Sheet
31 May 2016
Company Registration Number:
Note |
2016
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2015
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Fixed assets |
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Intangible fixed assets |
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Tangible fixed assets |
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Current assets |
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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 |
( |
( |
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Net current (liabilities)/assets |
( |
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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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Net assets |
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Capital and reserves |
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Called up share capital |
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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 its behalf by:
T A Davies
Director
Burnley Tyre & Battery Limited
Notes to the Abbreviated Accounts
Year Ended 31 May 2016
Accounting policies |
Basis of preparation
Turnover
Goodwill
Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful economic life. It is reviewed for impairment at the end of the first full financial year following the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.
Amortisation
Goodwill is amortised over twenty years.
Goodwill |
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Depreciation
On tangible fixed assets, depreciation is provided in equal annual installments at rates designed to reduce cost to net realisable value over the useful lives of the assets. Estimated useful lives range from three years, in the case of computers, to fifty years, in the case of freehold property.
Plant and machinery |
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Land and buildings |
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Deferred tax
Financial instruments
Burnley Tyre & Battery Limited
Notes to the Abbreviated Accounts
Year Ended 31 May 2016
Fixed assets |
Intangible assets
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Tangible assets
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Total
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Cost |
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At 1 June 2015 |
58,948 |
324,611 |
383,559 |
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Disposals |
(48,948) |
(5,357) |
(54,305) |
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At 31 May 2016 |
10,000 |
319,254 |
329,254 |
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Depreciation |
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At 1 June 2015 |
37,537 |
45,735 |
83,272 |
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Charge for the year |
695 |
3,000 |
3,695 |
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Eliminated on disposals |
(32,782) |
(2,867) |
(35,649) |
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At 31 May 2016 |
5,450 |
45,868 |
51,318 |
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Net book value |
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At 31 May 2016 |
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At 31 May 2015 |
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Creditors |
Creditors includes the following liabilities, on which security has been given by the company:
2016
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2015
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Amounts falling due within one year |
6,956 |
6,047 |
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Amounts falling due after more than one year |
12,355 |
21,163 |
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Total secured creditors |
19,311 |
27,210 |
Share capital |
Allotted, called up and fully paid shares
2016 |
2015 |
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No. |
£ |
No. |
£ |
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Control |