Registration number:
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Practical Services Ltd
Contents
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Practical Services Ltd
(Registration number: 05079829)
Abbreviated Balance Sheet at 31 March 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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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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Net current liabilities |
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Total assets less current liabilities |
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Provisions for liabilities |
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Net (liabilities)/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' (deficit)/funds |
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1
Practical Services Ltd
(Registration number: 05079829)
Abbreviated Balance Sheet at 31 March 2015
......... continued
Approved by the Board on
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Mrs M Lacey
Director
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Mr C B Lacey
Director
2
Practical Services Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 March 2015
......... continued
Accounting policies |
Basis of preparation
Exemption from preparing a cash flow statement
The accounts do not include a cash flow statement because the company, as a small reporting entity, is exempt from the requirements to prepare such a statement.
Turnover
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 life as follows:
Asset class |
Depreciation method and rate |
Plant & machinery |
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Office equipment |
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Fixtures & fittings |
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Stock
Deferred tax
Financial instruments
Practical Services Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 March 2015
......... continued
Fixed assets |
Tangible assets
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Total
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Cost |
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At 1 April 2014 |
12,101 |
12,101 |
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At 31 March 2015 |
12,101 |
12,101 |
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Depreciation |
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At 1 April 2014 |
9,358 |
9,358 |
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Charge for the year |
613 |
613 |
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At 31 March 2015 |
9,971 |
9,971 |
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Net book value |
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At 31 March 2015 |
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At 31 March 2014 |
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Share capital |
Allotted, called up and fully paid shares
2015 |
2014 |
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No. |
£ |
No. |
£ |
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Going concern |
The accounts have been prepared on a going concern basis. In the opinion of the directors, this is appropriate as they intend to support the company for the foreseeable future.