Registered Number 04361685
W.J.DEFTY LIMITED
Abbreviated Accounts
31 December 2014
Notes | 2014 | 2013 | |
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£ | £ | ||
Fixed assets | |||
Intangible assets | 2 |
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Tangible assets | 3 |
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Current assets | |||
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 (liabilities) |
( |
( |
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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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Total net assets (liabilities) |
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|
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Capital and reserves | |||
Called up share capital |
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Other reserves |
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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 & Equipment - 20% Reducing Balance
- Property Improvements - 2% straight Line
Intangible assets amortisation policy
Amortisation is calculated so as to write off the cost of Goodwill over its useful life of 20 years at 5 % Straight Line per annum.
Other accounting policies
Corporation Taxation - There is a provision for Corporation Tax for the year based upon the taxable profits at a rate of 20% as applicable to small company profits. No provision is considered necessary for Deferred Taxation.
Cash Flow Statement - The directors have elected to take advantage of the exemption in FRS Number 1 from the requirement to produce a cash flow statement on the grounds that the company qualifies as small under the Companies Act 2006.
£ | |
---|---|
Cost | |
At 1 January 2014 |
|
Additions |
|
Disposals |
|
Revaluations |
|
Transfers |
|
At 31 December 2014 |
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Amortisation | |
At 1 January 2014 |
|
Charge for the year |
|
On disposals |
|
At 31 December 2014 |
|
Net book values | |
At 31 December 2014 | 225,000 |
At 31 December 2013 | 250,000 |
£ | |
---|---|
Cost | |
At 1 January 2014 |
|
Additions |
|
Disposals |
|
Revaluations |
|
Transfers |
|
At 31 December 2014 |
|
Depreciation | |
At 1 January 2014 |
|
Charge for the year |
|
On disposals |
|
At 31 December 2014 |
|
Net book values | |
At 31 December 2014 | 54,616 |
At 31 December 2013 | 60,647 |