For the year ended 30 April 2015
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 05439384
Philip Nickson & Co Ltd
For the year ended 30 April 2015
1
Balance Sheet
2 to 3
Notes to the Abbreviated Financial Statements
Notes to the Abbreviated Financial Statements
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For the year ended 30 April 2015
Philip Nickson & Co Ltd
The financial statements are 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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
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Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Proposed dividends are only included as liabilities in the financial statements when their payment has been approved
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by the shareholders prior to the balance sheet date
.
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Acquired goodwill is stated at cost less amortisation
.
Amortisation is calculated on a straight line basis over the
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estimated expected useful economic life of the goodwill of
2
years
.
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Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
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Computer Equipment
Fixtures and Fittings
2
Intangible fixed assets
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37,400
37,400
37,400
37,400
-
-
2 of 3
Notes to the Abbreviated Financial Statements
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For the year ended 30 April 2015
Philip Nickson & Co Ltd
25,206
3,163
(16,843)
11,526
18,794
(13,317)
1,514
Charge for year
6,991
4,535
6,412
Allotted called up and fully paid
|
2015
2014
1
Ordinary shares of £
1
.
00
each
|
1
1
1
1
3 of 3