Registered Number 07179684
SAM HARDMAN (CHIPPING) LIMITED
Abbreviated Accounts
31 January 2016
Notes | 2016 | 2015 | |
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£ | £ | ||
Fixed assets | |||
Intangible assets | 2 |
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Tangible assets | 3 |
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Current assets | |||
Debtors |
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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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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 | 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
Turnover policy
Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:
Land and buildings - 0% straight line
Plant and machinery - 20% reducing balance
Motor vehicles - 25% reducing balance
Intangible assets amortisation policy
Acquired goodwill is written of in equal annual instalments over its estimated useful economic life of 10 years.
Valuation information and policy
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and depreciated over the shorter of the lease term and their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce constant periodic rates of charge on the net obligations outstanding in each period.
Other accounting policies
The pension costs charged in the financial statements represent the contribution payable by the company during the year.
Going Concern
The director has concluded that there are no material uncertainties which may cast significant doubt about the ability of the company to continue to trade for the foreseeable future. He has therefore adopted the going concern basis for the preparation of the accounts.
£ | |
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Cost | |
At 1 February 2015 |
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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 January 2016 |
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Amortisation | |
At 1 February 2015 |
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Charge for the year |
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On disposals |
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At 31 January 2016 |
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Net book values | |
At 31 January 2016 | 13,307 |
At 31 January 2015 | 16,431 |
£ | |
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Cost | |
At 1 February 2015 |
|
Additions |
|
Disposals |
( |
Revaluations |
|
Transfers |
|
At 31 January 2016 |
|
Depreciation | |
At 1 February 2015 |
|
Charge for the year |
|
On disposals |
( |
At 31 January 2016 |
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Net book values | |
At 31 January 2016 | 154,564 |
At 31 January 2015 | 157,075 |