Company registration number:
Year Ended
GH Hose & Hydraulics Limited
Contents
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GH Hose & Hydraulics Limited
(Company registration number: 04213107)
Abbreviated Balance Sheet
31 July 2016
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 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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Provisions for liabilities |
( |
( |
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Net (liabilities)/assets |
( |
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Capital and reserves |
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Called up share capital |
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Revaluation reserve |
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Profit and loss account |
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Shareholders' (deficit)/funds |
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The notes on
pages
3
to
6
form an integral part of these financial statements.
Page 1
GH Hose & Hydraulics Limited
(Company registration number: 04213107)
Abbreviated Balance Sheet
31 July 2016......... continued
Approved by the director on
......................................... |
The notes on
pages
3
to
6
form an integral part of these financial statements.
Page 2
GH Hose & Hydraulics Limited
Notes to the Abbreviated Accounts
Year Ended 31 July 2016......... continued
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
Amortisation is provided on intangible fixed assets so as to write off the cost , less any residual value , over their expected useful economic life as follows :
Asset class |
Amortisation method and rate |
Goodwill |
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Depreciation
Depreciation is provided on tangible fixed assets so as to write off the cost , less any estimated residual value , over their ecpected life as follows :
Asset class |
Depreciation method and rate |
Plant and Machinery |
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Fixtures and Fittings |
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Motor Vehicles |
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Office Equipment |
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Stock
GH Hose & Hydraulics Limited
Notes to the Abbreviated Accounts
Year Ended 31 July 2016......... continued
Deferred tax
Hire purchase and leasing
Financial instruments
GH Hose & Hydraulics Limited
Notes to the Abbreviated Accounts
Year Ended 31 July 2016......... continued
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 August 2015 |
57,010 |
379,984 |
436,994 |
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At 31 July 2016 |
57,010 |
379,984 |
436,994 |
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Depreciation |
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At 1 August 2015 |
46,103 |
322,513 |
368,616 |
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Charge for the year |
2,500 |
17,966 |
20,466 |
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At 31 July 2016 |
48,603 |
340,479 |
389,082 |
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Net book value |
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At 31 July 2016 |
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At 31 July 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 |
45,534 |
- |
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Amounts falling due after more than one year |
196,403 |
- |
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Total secured creditors |
241,937 |
- |
Share capital |
Allotted, called up and fully paid shares
2016 |
2015 |
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No. |
£ |
No. |
£ |
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Ordinary of £0.10 each |
10 |
1 |
10 |
1 |
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GH Hose & Hydraulics Limited
Notes to the Abbreviated Accounts
Year Ended 31 July 2016......... continued
Control |
The company is controlled by