Registered Number 06595688
THE CALF COMPANY (EUROPE) LIMITED
Abbreviated Accounts
31 May 2015
Notes | 2015 | 2014 | |
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£ | £ | ||
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 |
( |
( |
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Net current assets (liabilities) |
( |
( |
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Total assets less current liabilities |
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Provisions for liabilities |
( |
( |
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Total net assets (liabilities) |
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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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Approved by the Board on
And signed on their behalf by:
1 Accounting Policies
Basis of measurement and preparation of accounts
been prepared under the historical cost convention and in accordance with applicable accounting
standards.
Turnover policy
during the year, exclusive of Value Added Tax and trade discounts.
Tangible assets depreciation policy
calculated to write off the cost of fixed assets, less their estimated residual value, over their
expected useful lives on the following bases:
Plant and machinery - 20% Reducing balance
Intangible assets amortisation policy
of the identifiable assets and liabilities. It is amortised to the Profit and loss account over its
estimated economic life.
Valuation information and policy
obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of
fixed and variable overheads.
Other accounting policies
Full provision is made for deferred tax assets and liabilities arising from all timing differences
between the recognition of gains and losses in the financial statements and recognition in the tax
computation.
A net deferred tax asset is recognised only if it can be regarded as more likely than not that there will
be suitable taxable profits from which the future reversal of the underlying timing differences can be
deducted.
Deferred tax assets and liabilities are calculated at the tax rates expected to be effective at the time
the timing differences are expected to reverse.
Deferred tax assets and liabilities are discounted.
£ | |
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Cost | |
At 1 June 2014 |
|
Additions |
|
Disposals |
|
Revaluations |
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Transfers |
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At 31 May 2015 |
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Amortisation | |
At 1 June 2014 |
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Charge for the year |
|
On disposals |
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At 31 May 2015 |
|
Net book values | |
At 31 May 2015 | 20,906 |
At 31 May 2014 | 20,542 |
£ | |
---|---|
Cost | |
At 1 June 2014 |
|
Additions |
|
Disposals |
|
Revaluations |
|
Transfers |
|
At 31 May 2015 |
|
Depreciation | |
At 1 June 2014 |
|
Charge for the year |
|
On disposals |
|
At 31 May 2015 |
|
Net book values | |
At 31 May 2015 | 1,920 |
At 31 May 2014 | 2,400 |