Registered Number 04584612
AIREDALE FORESTRY LIMITED
Abbreviated Accounts
30 November 2016
Notes | 2016 | 2015 | |
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£ | £ | ||
Fixed assets | |||
Tangible assets | 2 |
|
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Investments | 3 |
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Current assets | |||
Stocks |
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|
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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 |
( |
( |
|
Net current assets (liabilities) |
( |
|
|
Total assets less current liabilities |
|
|
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Creditors: amounts falling due after more than one year |
( |
( |
|
Provisions for liabilities |
( |
( |
|
Total net assets (liabilities) |
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|
|
Capital and reserves | |||
Called up share capital | 4 |
|
|
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 - 20% reducing balance
Computer equipment - 33% reducing balance
Office equipment - 15% reducing balance
Motor vehicles - 25% reducing balance
Other accounting policies
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.
Investments
Fixed asset investments are stated at cost less provision for permanent diminution in value.
Stock
Stock is valued at the lower of cost and net realisable value.
Pensions
The pension costs charged in the financial statements represent the contribution payable by the
company during the year.
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more, tax.
£ | |
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Cost | |
At 1 December 2015 |
|
Additions |
|
Disposals |
( |
Revaluations |
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Transfers |
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At 30 November 2016 |
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Depreciation | |
At 1 December 2015 |
|
Charge for the year |
|
On disposals |
( |
At 30 November 2016 |
|
Net book values | |
At 30 November 2016 | 80,538 |
At 30 November 2015 | 53,122 |
3
Fixed assets Investments