for the Period Ended 31 May 2017
Balance sheet | |
Notes |
As at
Notes | 2017 | 2016 | |
---|---|---|---|
| £ | £ | |
Fixed assets | |||
Tangible assets: | 3 | | |
Investments: | 4 | | |
Total fixed assets: | | | |
Current assets | |||
Stocks: | | | |
Debtors: | | | |
Cash at bank and in hand: | | | |
Total current assets: | | | |
Creditors: amounts falling due within one year: | ( | ( | |
Net current assets (liabilities): | | | |
Total assets less current liabilities: | | | |
Provision for liabilities: | ( | ||
Total net assets (liabilities): | | | |
Capital and reserves | |||
Called up share capital: | | | |
Profit and loss account: | | | |
Shareholders funds: | | |
The notes form part of these financial statements
This report was approved by the board of directors on
and signed on behalf of the board by:
Name:
Status: Director
The notes form part of these financial statements
for the Period Ended 31 May 2017
for the Period Ended 31 May 2017
2017 | 2016 | |
---|---|---|
Average number of employees during the period | | |
for the Period Ended 31 May 2017
Total | |
---|---|
Cost | £ |
At 01 June 2016 | |
Additions | |
At 31 May 2017 | |
Depreciation | |
At 01 June 2016 | |
Charge for year | |
At 31 May 2017 | |
Net book value | |
At 31 May 2017 | |
At 31 May 2016 | |
for the Period Ended 31 May 2017
Tangible fixed assets are initially measured at cost ,net of depreciation and impairment losses. Depreciation is recognized so as to write off the cost or valuation of assets less residual values over their useful lives on the following bases:Plant and machinery 20% reducing balanceFixtures, fittings & equipment 15% reducing balanceMotor vehicles 20% reducing balance.The gain or loss arising on disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.