Registered Number 03866844
ITALIAN MARBLE INSTALLATION COMPANY LIMITED
Abbreviated Accounts
31 October 2015
Notes | 2015 | 2014 | |
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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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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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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
Turnover policy
Tangible assets depreciation policy
Fixtures, fittings
and equipment - 25% Reducing balance basis
Motor vehicles - 25% Reducing balance basis
Valuation information and policy
Stock and work in progress are valued at the lower of cost and net realisable value.
Other accounting policies
These accounts have been prepared on a going concern basis on the grounds that the director of the company will not withdraw his support until the company has funds available to meet its debts and liabilities as and when they fall due. The company also relies upon its bank overdraft in order to meet its day to day working capital requirements. The director is confident as to the renewal and continuation of the bank's overdraft for a period of at least twelve months from the date of approval of the financial statements.
£ | |
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Cost | |
At 1 November 2014 |
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Additions |
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Disposals |
( |
Revaluations |
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Transfers |
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At 31 October 2015 |
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Depreciation | |
At 1 November 2014 |
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Charge for the year |
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On disposals |
( |
At 31 October 2015 |
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Net book values | |
At 31 October 2015 | 11,608 |
At 31 October 2014 | 3,282 |