Registration number:
Unaudited Abbreviated Accounts
for the Year Ended
Tubs & Taps Limited
Contents
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Tubs & Taps Limited
(Registration number: 06996956)
Abbreviated Balance Sheet at 31 August 2016
Note |
2016
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2015
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Current assets |
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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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( |
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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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( |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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Shareholders' funds |
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Approved by the director on
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Mr Andrew Kerr
Director
1
Tubs & Taps Limited
Notes to the Abbreviated Accounts for the Year Ended 31 August 2016
......... continued
Accounting policies |
Basis of preparation
Turnover
Goodwill
Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful economic life. It is reviewed for impairment at the end of the first full financial year following the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.
Amortisation
Goodwill is amortised in equal instalments over its estimated useful life, except where it has been identified as impaired in the period, in which case it is written down as appropriate.
Asset class |
Amortisation method and rate |
Goodwill |
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Depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Asset class |
Depreciation method and rate |
Motor vehicles |
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Stock
Hire purchase and leasing
Tubs & Taps Limited
Notes to the Abbreviated Accounts for the Year Ended 31 August 2016
......... continued
Financial instruments
Fixed assets |
Intangible assets
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Total
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Cost |
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At 1 September 2015 |
22,250 |
22,250 |
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At 31 August 2016 |
22,250 |
22,250 |
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Depreciation |
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At 1 September 2015 |
22,250 |
22,250 |
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At 31 August 2016 |
22,250 |
22,250 |
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Net book value |
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At 31 August 2016 |
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- |
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At 31 August 2015 |
- |
- |
Share capital |
Allotted, called up and fully paid shares
2016 |
2015 |
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No. |
£ |
No. |
£ |
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Tubs & Taps Limited
Notes to the Abbreviated Accounts for the Year Ended 31 August 2016
......... continued
Related party transactions |
Director's advances and credits |
2016 |
2016 |
2015 |
2015 |
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Mr Andrew Kerr |
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- |
8,421 |
- |