Registered Number 05854313
ACHEASON CHEMIST LIMITED
Abbreviated Accounts
30 November 2016
Notes | 2016 | 2015 | |
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£ | £ | ||
Fixed assets | |||
Intangible assets | 2 |
|
|
Tangible assets | 3 |
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|
|
|
||
Current assets | |||
Stocks |
|
|
|
Debtors |
|
|
|
Cash at bank and in hand |
|
|
|
|
|
||
Creditors: amounts falling due within one year |
( |
( |
|
Net current assets (liabilities) |
( |
( |
|
Total assets less current liabilities |
|
|
|
Creditors: amounts falling due after more than one year |
( |
( |
|
Total net assets (liabilities) |
|
|
|
Capital and reserves | |||
Called up share capital | 4 |
|
|
Profit and loss account |
|
|
|
Shareholders' funds |
|
|
Approved by the Board on
And signed on their behalf by:
1 Accounting Policies
Basis of measurement and preparation of accounts
Turnover policy
Tangible assets depreciation policy
Fixtures & Fittings - 25% on reducing balance
Intangible assets amortisation policy
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Goodwill - Balance amortised over 5 years on straight line basis
Other accounting policies
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either 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.
£ | |
---|---|
Cost | |
At 1 December 2015 |
|
Additions |
|
Disposals |
|
Revaluations |
|
Transfers |
|
At 30 November 2016 |
|
Amortisation | |
At 1 December 2015 |
|
Charge for the year |
|
On disposals |
|
At 30 November 2016 |
|
Net book values | |
At 30 November 2016 | 0 |
At 30 November 2015 | 5,000 |
£ | |
---|---|
Cost | |
At 1 December 2015 |
|
Additions |
|
Disposals |
|
Revaluations |
|
Transfers |
|
At 30 November 2016 |
|
Depreciation | |
At 1 December 2015 |
|
Charge for the year |
|
On disposals |
|
At 30 November 2016 |
|
Net book values | |
At 30 November 2016 | 506,136 |
At 30 November 2015 | 508,025 |