Registration number:
for the
Year Ended
Martin Foster & Co. Limited
Contents
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Martin Foster & Co. Limited
(Registration number: 05681884)
Abbreviated Balance Sheet at 30 April 2015
Note |
2015
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2014
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Fixed assets |
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Intangible fixed assets |
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Tangible fixed assets |
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Current assets |
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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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Creditors: Amounts falling due after more than one year |
- |
( |
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Provisions for liabilities |
( |
( |
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Net 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' funds |
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Approved by the director on
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Mr Martin Foster
Director
The notes on pages 2 to 4 form an integral part of these financial statements.
Page 1
Martin Foster & Co. Limited
Notes to the Abbreviated Accounts for the Year Ended 30 April 2015
......... continued
Accounting policies |
Basis of preparation
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
Goodwill
Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful economic life. It is reviewed for impairment at the end of the first full financial year following the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.
Amortisation
Amortisation is provided on intangible fixed assets so as to write off the cost, less any estimated residual value, over their expected useful economic life as follows:
Asset class |
Amortisation method and rate |
Goodwill |
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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 economic life as follows:
Asset class |
Depreciation method and rate |
Office equipment |
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Fixtures & fittings |
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Deferred tax
Hire purchase and leasing
Martin Foster & Co. Limited
Notes to the Abbreviated Accounts for the Year Ended 30 April 2015
......... continued
Financial instruments
Pensions
Fixed assets |
Intangible assets
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Tangible assets
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Total
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Cost |
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At 1 May 2014 |
80,072 |
8,127 |
88,199 |
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Additions |
- |
1,896 |
1,896 |
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Disposals |
- |
(720) |
(720) |
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At 30 April 2015 |
80,072 |
9,303 |
89,375 |
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Depreciation |
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At 1 May 2014 |
26,262 |
5,331 |
31,593 |
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Charge for the year |
4,004 |
1,757 |
5,761 |
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Eliminated on disposals |
- |
(720) |
(720) |
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At 30 April 2015 |
30,266 |
6,368 |
36,634 |
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Net book value |
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At 30 April 2015 |
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At 30 April 2014 |
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Debtors |
Debtors includes £nil (2014 - £89) receivable after more than one year.
Martin Foster & Co. Limited
Notes to the Abbreviated Accounts for the Year Ended 30 April 2015
......... continued
Creditors |
Creditors includes the following liabilities, on which security has been given by the company:
2015
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2014
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Amounts falling due within one year |
12,216 |
18,107 |
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Amounts falling due after more than one year |
- |
5,667 |
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Total secured creditors |
12,216 |
23,774 |
Share capital |
Allotted, called up and fully paid shares
2015 |
2014 |
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No. |
£ |
No. |
£ |
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Related party transactions |
Director's advances and credits |
2015 |
2015 |
2014 |
2014 |
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Mr Martin Foster |
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33,240 |
38,264 |