Registered number |
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Registered number: |
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Abbreviated Balance Sheet | |||||||
as at |
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Notes | 2015 | 2014 | |||||
£ | £ | ||||||
Fixed assets | |||||||
Intangible assets | 2 |
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Tangible assets | 3 | - |
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Current assets | |||||||
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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Total assets less current liabilities |
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Creditors: amounts falling due after more than one year | - | ( |
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Net assets |
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Capital and reserves | |||||||
Called up share capital | 4 |
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Share premium |
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Profit and loss account | ( |
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Shareholders' funds |
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M Black | |||||||
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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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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Fixtures and fittings |
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Stocks | ||||||||
Intangible assets acquired as part of a business combination are recognised separately from goodwill provided they are separable or arise from contractual or other legal rights and their fair value can be measured reliably. Where intangible assets recognised have finite lives, after initial recognition their fair value is amortised on a straight line basis over those lives. The nature of those intangibles recognised and their estimated useful lives are as follows:- |
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Deferred taxation | ||||||||
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse. | ||||||||
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 | ||||||||
Rentals paid under operating leases are charged to income on a straight line basis over the lease term. | ||||||||
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. | ||||||||
2 | Intangible fixed assets | £ | ||||||
Cost | ||||||||
At 1 January 2015 |
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Additions |
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At 31 December 2015 |
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Amortisation | ||||||||
At 1 January 2015 |
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Provided during the year |
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At 31 December 2015 |
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Net book value | ||||||||
At 31 December 2015 |
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At 31 December 2014 |
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3 | Tangible fixed assets | £ | ||||||
Cost | ||||||||
At 1 January 2015 |
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Additions |
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Disposals | ( |
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At 31 December 2015 | - | |||||||
Depreciation | ||||||||
At 1 January 2015 |
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Charge for the year |
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On disposals | ( |
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At 31 December 2015 | - | |||||||
Net book value | ||||||||
At 31 December 2015 | - | |||||||
At 31 December 2014 |
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4 | Share capital | Nominal | 2015 | 2015 | 2014 | |||
value | Number | £ | £ | |||||
Allotted, called up and fully paid: | ||||||||
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£ |
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£ |
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Nominal | Number | Amount | ||||||
value | £ | |||||||
Shares issued during the period: | ||||||||
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£ |
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