Registration number:
Unaudited Abbreviated Accounts
for the Year Ended
Spa Engineering & Groundcare Machinery Services Limited
Contents
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Spa Engineering & Groundcare Machinery Services Limited
(Registration number: 04729894)
Abbreviated Balance Sheet at 31 May 2015
Note |
2015
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2014
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Fixed assets |
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Tangible fixed assets |
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Current assets |
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Stocks |
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Debtors |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current assets |
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Total assets less current liabilities |
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Provisions for liabilities |
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Net assets |
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Capital and reserves |
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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 director on
I P Dunkley
Director
1
Spa Engineering & Groundcare Machinery Services Limited
Notes to the Abbreviated Accounts for the Year Ended 31 May 2015
......... continued
Accounting policies |
Basis of preparation
Turnover
Goodwill
Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful economic life. It is reviewed for impairment at the end of the first full financial year following the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.
Amortisation
Goodwill, being the amount paid in connection with the acquisition of a business, has been written off over its estimated useful life.
Depreciation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Asset class |
Depreciation method and rate |
Plant and machinery |
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Computer equipment |
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Stock
Deferred tax
Hire purchase and leasing
Spa Engineering & Groundcare Machinery Services Limited
Notes to the Abbreviated Accounts for the Year Ended 31 May 2015
......... continued
Financial instruments
Fixed assets |
Intangible assets
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Tangible assets
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Total
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Cost |
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At 1 June 2014 |
30,000 |
40,382 |
70,382 |
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At 31 May 2015 |
30,000 |
40,382 |
70,382 |
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Depreciation |
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At 1 June 2014 |
30,000 |
23,258 |
53,258 |
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Charge for the year |
- |
1,996 |
1,996 |
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At 31 May 2015 |
30,000 |
25,254 |
55,254 |
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Net book value |
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At 31 May 2015 |
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At 31 May 2014 |
- |
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Creditors |
Creditors includes the following liabilities, on which security has been given by the company:
2015
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2014
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Amounts falling due within one year |
25,894 |
48,811 |
Share capital |
Allotted, called up and fully paid shares
2015 |
2014 |
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No. |
£ |
No. |
£ |
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Spa Engineering & Groundcare Machinery Services Limited
Notes to the Abbreviated Accounts for the Year Ended 31 May 2015
......... continued
Related party transactions |
Director's advances and credits |
2015 |
2015 |
2014 |
2014 |
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I P Dunkley |
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- |
17,898 |
17,898 |