Registered Number 06667594
FAB WELD ENGINEERING LTD
Abbreviated Accounts
31 August 2015
Notes | 2015 | 2014 | |
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£ | £ | ||
Fixed assets | |||
Tangible assets | 2 |
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Current assets | |||
Cash at bank and in hand |
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Net current assets (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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Total net assets (liabilities) |
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Capital and reserves | |||
Called up share capital | 3 |
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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
These accounts have been prepared in accordance with the provisions applicable to small companies subject to the small company regime
(b) Basis of Preparation
The accounts are prepared under the historical cost convention, and in accordance with applicable accounting standards.
Turnover policy
Tangible assets depreciation policy
Plant and machinery 15 % reducing balance basis
Motor vehicle 20% reducing balance
Other accounting policies
Provision is made for taxation deferred as result of material timing differences between the incidence of income and expenditure for taxation and accounts purposes, using the liability method only to the extent that, in the opinion of the directors, there is probability that the liability or asset will crystallize in the near future.
£ | |
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Cost | |
At 1 September 2014 |
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Additions |
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Disposals |
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Revaluations |
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Transfers |
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At 31 August 2015 |
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Depreciation | |
At 1 September 2014 |
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Charge for the year |
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On disposals |
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At 31 August 2015 |
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Net book values | |
At 31 August 2015 | 9,524 |
At 31 August 2014 | 10,538 |