Registration number:
for the
Year Ended
King Street Motors (Birkenshaw) Limited
Contents
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King Street Motors (Birkenshaw) Limited
(Registration number: 07545786)
Abbreviated Balance Sheet at 31 March 2016
Note |
2016
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2015
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Fixed assets |
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Intangible fixed assets |
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Tangible fixed assets |
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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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Net current liabilities |
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Total assets less current liabilities |
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Provisions for liabilities |
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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
1
King Street Motors (Birkenshaw) Limited
(Registration number: 07545786)
Abbreviated Balance Sheet at 31 March 2016
......... continued
.........................................
Mr Jon Gregson
Director
2
King Street Motors (Birkenshaw) Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 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
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.
Asset class |
Amortisation method and rate |
Goodwill |
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Depreciation
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:
Asset class |
Depreciation method and rate |
Plant and machinery |
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Stock
Deferred tax
Hire purchase and leasing
King Street Motors (Birkenshaw) Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2016
......... continued
Financial instruments
Fixed assets |
Intangible assets
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Tangible assets
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Total
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Cost |
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At 1 April 2015 |
140,000 |
15,212 |
155,212 |
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Additions |
- |
13,632 |
13,632 |
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At 31 March 2016 |
140,000 |
28,844 |
168,844 |
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Depreciation |
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At 1 April 2015 |
112,000 |
6,768 |
118,768 |
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Charge for the year |
28,000 |
5,882 |
33,882 |
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At 31 March 2016 |
140,000 |
12,650 |
152,650 |
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Net book value |
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At 31 March 2016 |
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At 31 March 2015 |
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Share capital |
Allotted, called up and fully paid shares
2016 |
2015 |
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No. |
£ |
No. |
£ |
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