Registered Number 04718512
J PRICE LIMITED
Micro-entity Accounts
30 September 2016
Notes | 2016 | 2015 | |
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£ | £ | ||
Fixed assets | |||
Intangible assets | 1 |
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Tangible assets | 2 |
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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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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 |
( |
( |
Approved by the Board on
And signed on their behalf by:
£ | |
---|---|
Cost | |
At 1 October 2015 |
|
Additions |
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Disposals |
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Revaluations |
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Transfers |
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At 30 September 2016 |
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Amortisation | |
At 1 October 2015 |
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Charge for the year |
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On disposals |
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At 30 September 2016 |
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Net book values | |
At 30 September 2016 | 10,000 |
At 30 September 2015 | 10,000 |
£ | |
---|---|
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 | 85 |
At 30 September 2015 | 113 |
3 Accounting Policies
Basis of measurement and preparation of accounts
Turnover policy
Tangible assets depreciation policy
Plant and machinery etc - 25% on reducing balance
Intangible assets amortisation policy
Other accounting policies
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
HIRE PURCHASE AND LEASING COMMITMENTS
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.