CPDO LIMITED
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Notes to the Accounts |
for the year ended 31 January 2017
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1 |
Accounting policies |
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Turnover |
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Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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Tangible fixed assets |
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Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
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Freehold buildings |
Nil |
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Plant and machinery |
15% straight line |
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Fixtures, fittings, tools and equipment |
15% straight line |
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Foreign currency translation |
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Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
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2 |
Tangible fixed assets |
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Land and buildings |
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Plant and machinery etc |
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Total |
£ |
£ |
£ |
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Cost |
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At 1 February 2016 |
5,000 |
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20,030 |
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25,030 |
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At 31 January 2017 |
5,000 |
|
20,030 |
|
25,030 |
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Depreciation |
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At 1 February 2016 |
- |
|
20,030 |
|
20,030 |
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At 31 January 2017 |
- |
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20,030 |
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20,030 |
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Net book value |
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At 31 January 2017 |
5,000 |
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- |
|
5,000 |
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At 31 January 2016 |
5,000 |
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- |
|
5,000 |
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3 |
Debtors |
2017 |
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2016 |
£ |
£ |
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Other debtors |
- |
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20,758 |
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4 |
Creditors: amounts falling due within one year |
2017 |
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2016 |
£ |
£ |
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Bank loans and overdrafts |
2,761 |
|
2,761 |
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Amounts owed to group undertakings and undertakings in which the company has a participating interest |
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18,671 |
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21,370 |
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Corporation tax |
5,141 |
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5,548 |
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Other creditors |
1,284 |
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1,284 |
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27,857 |
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30,963 |
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5 |
Other information |
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CPDO LIMITED is a private company limited by shares and incorporated in England. Its registered office is: |
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6D Ocean House |
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Bentley Way |
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New Barnet |
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Herts |
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EN5 5FP |