For the year ended 31 July 2015
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 04476573
C R Stark Ltd
For the year ended 31 July 2015
1
Balance Sheet
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Notes to the Abbreviated Financial Statements
Notes to the Abbreviated Financial Statements
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C R Stark Ltd
For the year ended 31 July 2015
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
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Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
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The company operates a defined contribution pension scheme for the benefit of its directors
/
and employees
.
Contributions
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payable are charged to the profit and loss account in the period in which they are payable
.
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Deferred taxation arises when items are charged or credited in accounts in different periods to those in which they are included in the company's tax computations.Deferred tax is provided in full on timing differences that result in an obligation to pay more (or less) tax at a future date. Deferred tax is calculated at the average rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. The resulting deferred tax asset or liability is not discounted.
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Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
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Plant and Machinery
Motor Vehicles
Stocks and work in progress
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Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
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Current asset investments
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Current asset investments are stated at the lower of cost and net realisable value.
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Notes to the Abbreviated Financial Statements
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C R Stark Ltd
For the year ended 31 July 2015
19,567
317
19,884
15,534
1,088
Charge for year
16,622
3,262
4,033
Allotted called up and fully paid
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2015
2014
100
Ordinary shares of £
1
.
00
each
|
100
100
100
100
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