Registered number |
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Registered number: |
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Abbreviated Balance Sheet | |||||||
as at |
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Notes | 2016 | 2015 | |||||
£ | £ | ||||||
Fixed assets | |||||||
Tangible assets | 2 | - |
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Investments | 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 | ( |
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Net current assets |
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Net assets |
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Capital and reserves | |||||||
Called up share capital | 4 |
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Profit and loss account |
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Shareholders' funds |
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Mohamed Hanif Bhatia | |||||||
Director | |||||||
Approved by the board on |
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Notes to the Abbreviated Accounts | ||||||||
for the year ended |
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1 | Accounting policies | |||||||
Basis of preparation | ||||||||
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Turnover | ||||||||
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Depreciation | ||||||||
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. | ||||||||
Plant and machinery |
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Stocks | ||||||||
Stock is valued at the lower of cost and net realisable value. | ||||||||
Foreign currencies | ||||||||
Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account. | ||||||||
Leasing and hire purchase commitments | ||||||||
Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding. Rentals paid under operating leases are charged to income on a straight line basis over the lease term. |
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Pensions | ||||||||
The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme. | ||||||||
Fixed asset investments | ||||||||
Investments held as fixed assets are stated at cost, together with subsequent capital contributions, less any provisions for impairment in value. Investment income is recognised in the financial statements when the company becomes entitled to its share of profits from the fixed asset investment. |
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2 | Tangible fixed assets | £ | ||||||
Cost | ||||||||
At 1 March 2015 |
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At 29 February 2016 |
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Depreciation | ||||||||
At 1 March 2015 |
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Charge for the year |
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At 29 February 2016 |
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Net book value | ||||||||
At 29 February 2016 | - | |||||||
At 28 February 2015 |
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3 | Investments | £ | ||||||
Cost | ||||||||
At 1 March 2015 | 25,000 | |||||||
Additions | 25,000 | |||||||
At 29 February 2016 | 50,000 | |||||||
4 | Share capital | Nominal | 2016 | 2016 | 2015 | |||
value | Number | £ | £ | |||||
Allotted, called up and fully paid: | ||||||||
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£ |
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