for the Year Ended
J P & K C Young Limited
Contents
Abbreviated Balance Sheet |
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Notes to the Abbreviated Accounts |
J P & K C Young Limited
(Registration number: 07703376)
Abbreviated Balance Sheet as at 31 October 2015
Note |
2015 |
2014 |
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Fixed assets |
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Intangible assets |
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Tangible 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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Prepayments and accrued income |
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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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( |
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Accruals and deferred income |
( |
( |
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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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J P & K C Young Limited
(Registration number: 07703376)
Abbreviated Balance Sheet as at 31 October 2015
Approved by the Board on
.........................................
Mr J P Young
Director
.........................................
Mrs K C Young
Director
J P & K C Young Limited
Notes to the Abbreviated Accounts
for the Year Ended 31 October 2015
Accounting policies |
Basis of preparation
Turnover
Goodwill
Intangible assets
Amortisation
Amortisation is provided on intangible fixed assets so as to write off the cost, less any estimated residual value, over their expected useful economic life as follows:
Asset class |
Amortisation method and rate |
Goodwill |
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Depreciation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Asset class |
Depreciation method and rate |
Fixtures and equipment |
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Motor vehicles |
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Office equipment |
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Stock
Provisions
J P & K C Young Limited
Notes to the Abbreviated Accounts
for the Year Ended 31 October 2015
Deferred tax
Hire purchase and leasing
Pensions
Fixed assets |
Intangible assets |
Tangible assets |
Total |
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Cost |
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At 1 November 2014 |
343,321 |
92,978 |
436,299 |
Additions |
- |
13,470 |
13,470 |
Disposals |
- |
(1,295) |
(1,295) |
At 31 October 2015 |
343,321 |
105,153 |
448,474 |
Depreciation |
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At 1 November 2014 |
51,498 |
31,157 |
82,655 |
Charge for the year |
17,166 |
12,214 |
29,380 |
Eliminated on disposals |
- |
(750) |
(750) |
At 31 October 2015 |
68,664 |
42,621 |
111,285 |
Net book value |
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At 31 October 2015 |
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At 31 October 2014 |
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J P & K C Young Limited
Notes to the Abbreviated Accounts
for the Year Ended 31 October 2015
Share capital |
Allotted, called up and fully paid shares
2015 |
2014 |
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No. |
£ |
No. |
£ |
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100 |
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100 |