Registered Number 04500893
R K L TOOLS & HARDWARE LIMITED
Abbreviated Accounts
30 September 2016
Notes | 2016 | 2015 | |
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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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Provisions for liabilities |
( |
( |
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Total net assets (liabilities) |
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Capital and reserves | |||
Called up share capital |
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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
Plant and machinery - 15% reducing balance
Fixtures, fittings and equipment - 15% reducing balance
Motor vehicles - 15% reducing balance
Intangible assets amortisation policy
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life of 10 years.
Other accounting policies
Stock is valued at the lower of cost and net realisable value.
Leasing and hire purchase commitments
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and depreciated over the shorter of the lease term and their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce constant periodic rates of charge on the net obligations outstanding in each period.
£ | |
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Cost | |
At 1 October 2015 |
|
Additions |
|
Disposals |
|
Revaluations |
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Transfers |
|
At 30 September 2016 |
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Amortisation | |
At 1 October 2015 |
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Charge for the year |
|
On disposals |
|
At 30 September 2016 |
|
Net book values | |
At 30 September 2016 | 16,966 |
At 30 September 2015 | 19,778 |
£ | |
---|---|
Cost | |
At 1 October 2015 |
|
Additions |
|
Disposals |
( |
Revaluations |
|
Transfers |
|
At 30 September 2016 |
|
Depreciation | |
At 1 October 2015 |
|
Charge for the year |
|
On disposals |
( |
At 30 September 2016 |
|
Net book values | |
At 30 September 2016 | 67,414 |
At 30 September 2015 | 34,757 |