REGISTERED NUMBER:
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ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30 NOVEMBER 2014 |
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FOR |
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ALTI BOLAQ CARPETS LIMITED |
REGISTERED NUMBER:
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ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30 NOVEMBER 2014 |
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FOR |
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ALTI BOLAQ CARPETS LIMITED |
ALTI BOLAQ CARPETS LIMITED (REGISTERED NUMBER: 05008772) |
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CONTENTS OF THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 30 NOVEMBER 2014 |
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Page |
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Company Information | 1 |
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Abbreviated Balance Sheet | 2 |
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Notes to the Abbreviated Accounts | 3 |
ALTI BOLAQ CARPETS LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 30 NOVEMBER 2014 |
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DIRECTOR: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Certified Accountants |
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ALTI BOLAQ CARPETS LIMITED (REGISTERED NUMBER: 05008772) |
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ABBREVIATED BALANCE SHEET |
30 NOVEMBER 2014 |
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2014 | 2013 |
Notes | £ | £ |
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 |
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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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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 3 |
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Profit and loss account |
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SHAREHOLDERS' FUNDS |
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The director acknowledges his responsibilities for: |
(a) |
ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006
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(b) |
preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each
financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
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The financial statements were approved by the director on
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ALTI BOLAQ CARPETS LIMITED (REGISTERED NUMBER: 05008772) |
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NOTES TO THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 30 NOVEMBER 2014 |
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1. | ACCOUNTING POLICIES |
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Accounting convention |
The financial statements have been 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 |
Turnover represents net invoiced sales of goods, excluding value added tax. |
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Overseas turnover amounted to 97% (2013 - 74%) of the total turnover for the year. |
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Tangible fixed assets |
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Plant and machinery etc | - |
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Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving |
items. |
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Foreign currencies |
Assets and liabilities and transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the |
balance sheet date. Exchange differences are taken into account in arriving at the operating result. |
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Deferred tax |
The charge for taxation is based on the results for the year and takes into account taxation deferred because of timing |
differences between the treatment of certain items for taxation and accounting purposes. In accordance with Financial |
Reporting Standard 19, provision is made for deferred tax in respect of all timing differences that have originated but not |
reversed by the balance sheet date. Deferred tax assets are only recognised when it is more likely than not that the |
deferred tax asset will be recovered. Deferred tax is measured using rates of tax that have been enacted or substantially |
enacted by the balance sheet date. Deferred tax balances are not discounted. |
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2. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 December 2013 |
and 30 November 2014 |
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DEPRECIATION |
At 1 December 2013 |
and 30 November 2014 |
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NET BOOK VALUE |
At 30 November 2014 |
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At 30 November 2013 |
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3. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2014 | 2013 |
value: | £ | £ |
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Ordinary 'A' | £1 |
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ALTI BOLAQ CARPETS LIMITED (REGISTERED NUMBER: 05008772) |
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NOTES TO THE ABBREVIATED ACCOUNTS - continued |
FOR THE YEAR ENDED 30 NOVEMBER 2014 |
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4. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
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The following advances and credits to a director subsisted during the years ended 30 November 2014 and |
30 November 2013: |
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2014 | 2013 |
£ | £ |
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Balance outstanding at start of year |
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Amounts advanced |
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Amounts repaid |
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( |
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Balance outstanding at end of year |
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The above loan is unsecured and interest free. |
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During the year the company paid business mileage to Mr A Pain amounting to £50 (2013 - £131). |
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During the year the company made sales to Mr A Pain, under normal commercial terms, amounting to £250 (2013 - £Nil). |