Registered Number 03774492
PARTNERS ON DEMAND LIMITED
Abbreviated Accounts
31 May 2015
Notes | 2015 | 2014 | |
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£ | £ | ||
Fixed assets | |||
Tangible assets | 2 |
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Current assets | |||
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 assets (liabilities) |
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Total assets less current liabilities |
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Provisions for liabilities |
( |
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Total net assets (liabilities) |
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Capital and reserves | |||
Called up share capital | 3 |
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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
Tangible assets depreciation policy
Depreciation is provided at the following annual rates in order to write off the cost less expected residual value of each asset over its estimated useful life:
Computer equipment - 40% on cost
Fixtures and equipment - 25% on cost
The long leasehold property is treated in the financial statements as an investment property in accordance with Standard Accounting Practice 19. No depreciation has been provided in respect of the leasehold investment property as the lease had over 20 years to run at the balance sheet date.
Valuation of long leasehold property was estimated by the directors as being £340,000 at the balance sheet date.
£ | |
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Cost | |
At 1 June 2014 |
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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 May 2015 |
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Depreciation | |
At 1 June 2014 |
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Charge for the year |
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On disposals |
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At 31 May 2015 |
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Net book values | |
At 31 May 2015 | 331,394 |
At 31 May 2014 | 330,920 |