Registered Number 05256937
TREBETHERICK STORES LTD
Abbreviated Accounts
31 December 2015
Notes | 2015 | 2014 | |
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£ | £ | ||
Fixed assets | |||
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:
1 Accounting Policies
Basis of measurement and preparation of accounts
Going concern:
The company is insolvent and is dependant upon the continued financial support of its directors. The accounts have been prepared on the going concern basis as the directors have indicated their willingness to provide continued support for at least the next twelve months.
Turnover policy
Tangible assets depreciation policy
Asset Class: Plant and machinery - Depreciation method and rate: 15% reducing balance basis
Asset Class: Fixtures and fittings - Depreciation method and rate: 15% reducing balance basis
Asset Class: Office equipment - Depreciation method and rate: 3 years straight line basis
Asset Class: Motor vehicles - Depreciation method and rate: 25% reducing balance basis
Valuation information and policy
Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.
Other accounting policies
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.
£ | |
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Cost | |
At 1 January 2015 |
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Additions |
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Disposals |
( |
Revaluations |
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Transfers |
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At 31 December 2015 |
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Depreciation | |
At 1 January 2015 |
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Charge for the year |
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On disposals |
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At 31 December 2015 |
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Net book values | |
At 31 December 2015 | 418,753 |
At 31 December 2014 | 407,648 |
The company is controlled by Toby Blackwell Limited. Julian Blackwell DL and D J Cook are also directors of this company.