REGISTERED NUMBER:
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ABBREVIATED UNAUDITED ACCOUNTS |
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FOR THE YEAR ENDED 31 OCTOBER 2016 |
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FOR |
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SOUTH CAVE TRACTORS LIMITED |
REGISTERED NUMBER:
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ABBREVIATED UNAUDITED ACCOUNTS |
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FOR THE YEAR ENDED 31 OCTOBER 2016 |
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FOR |
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SOUTH CAVE TRACTORS LIMITED |
SOUTH CAVE TRACTORS LIMITED (REGISTERED NUMBER: 05668085) |
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CONTENTS OF THE ABBREVIATED ACCOUNTS |
for the Year Ended 31 October 2016 |
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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 | 4 |
SOUTH CAVE TRACTORS LIMITED |
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COMPANY INFORMATION |
for the Year Ended 31 October 2016 |
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DIRECTORS: |
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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 Accountants |
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SOUTH CAVE TRACTORS LIMITED (REGISTERED NUMBER: 05668085) |
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ABBREVIATED BALANCE SHEET |
31 October 2016 |
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31.10.16 | 31.10.15 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 2 |
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Tangible assets | 3 |
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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 | 4 |
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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 |
4 |
( |
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( |
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PROVISIONS FOR LIABILITIES | ( |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 5 |
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Profit and loss account |
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SHAREHOLDERS' FUNDS |
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The directors acknowledge their responsibilities for: |
(a) |
ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies
Act 2006 and |
(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. |
SOUTH CAVE TRACTORS LIMITED (REGISTERED NUMBER: 05668085) |
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ABBREVIATED BALANCE SHEET - continued |
31 October 2016 |
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The financial statements were approved by the Board of Directors on
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SOUTH CAVE TRACTORS LIMITED (REGISTERED NUMBER: 05668085) |
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NOTES TO THE ABBREVIATED ACCOUNTS |
for the Year Ended 31 October 2016 |
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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 January 2015). |
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Turnover |
Turnover represents amounts receivable, excluding VAT, by the company for goods supplied and services |
provided during the year. |
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Goodwill |
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Tangible fixed assets |
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Plant and machinery etc | - |
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Stocks |
Stock is valued at the lower of cost and net realisable value, less provisions for obsolete stock, and slow moving |
items. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
sheet date. |
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Foreign currencies |
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the |
balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at |
the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
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Hire purchase and leasing commitments |
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held |
under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases |
are depreciated over their estimated useful lives or the lease term, whichever is the shorter. |
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The interest element of these obligations is charged to the profit and loss account over the relevant period. The |
capital element of the future payments is treated as a liability. |
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Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the |
period of the lease. |
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Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's pension |
scheme are charged to the profit and loss account in the period to which they relate. |
SOUTH CAVE TRACTORS LIMITED (REGISTERED NUMBER: 05668085) |
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NOTES TO THE ABBREVIATED ACCOUNTS - continued |
for the Year Ended 31 October 2016 |
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2. | INTANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 November 2015 |
and 31 October 2016 |
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AMORTISATION |
At 1 November 2015 |
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Amortisation for year |
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At 31 October 2016 |
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NET BOOK VALUE |
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At 31 October 2016 |
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At 31 October 2015 |
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3. | TANGIBLE FIXED ASSETS |
Total |
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COST |
At 1 November 2015 |
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Additions |
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At 31 October 2016 |
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DEPRECIATION |
At 1 November 2015 |
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Charge for year |
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At 31 October 2016 |
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NET BOOK VALUE |
At 31 October 2016 |
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At 31 October 2015 |
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4. | CREDITORS |
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Creditors include an amount of £
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They also include the following debts falling due in more than five years: |
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31.10.16 | 31.10.15 |
£ | £ |
Repayable by instalments | - | 3,895 |
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5. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.10.16 | 31.10.15 |
value: | £ | £ |
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Ordinary | £1 |
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