STATION FLOORING (UK) LTD | |||||||||||
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS | |||||||||||
FOR THE YEAR ENDED | |||||||||||
31 DECEMBER 2015 | |||||||||||
Company Registration Number: 08323353 | |||||||||||
STATION FLOORING (UK) LTD | ||||||||||
ABBREVIATED FINANCIAL STATEMENTS | ||||||||||
FOR THE YEAR ENDED 31 DECEMBER 2015 | ||||||||||
CONTENTS | PAGES | |||||||||
Company information | 1 | |||||||||
Balance sheet | 2 to 3 | |||||||||
Notes to the abbreviated financial statements | 4 to 6 | |||||||||
STATION FLOORING (UK) LTD | |||||||||||
COMPANY INFORMATION | |||||||||||
FOR THE YEAR ENDED 31 DECEMBER 2015 | |||||||||||
DIRECTOR | |||||||||||
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SECRETARY | |||||||||||
The company does not have an appointed secretary | |||||||||||
REGISTERED OFFICE | |||||||||||
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COMPANY REGISTRATION NUMBER | |||||||||||
08323353 England and Wales | |||||||||||
STATION FLOORING (UK) LTD | |||||||||||
BALANCE SHEET | |||||||||||
AS AT |
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Notes | 2015 | 2014 | |||||||||
£ | £ | ||||||||||
FIXED ASSETS | |||||||||||
Intangible assets | 2 |
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Tangible assets | 3 |
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CURRENT ASSETS | |||||||||||
Stock and work in progress |
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Debtors |
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Cash at bank and in hand |
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CREDITORS: Amounts falling due |
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within one year | |||||||||||
NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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Provisions for liabilities and charges |
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NET ASSETS |
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CAPITAL AND RESERVES | |||||||||||
Called up share capital | 4 |
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Profit and loss account |
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SHAREHOLDER'S FUNDS |
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Signed on behalf of the board | |||||||||||
Nigel Moss | |||||||||||
Director | |||||||||||
Date approved by the board: |
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STATION FLOORING (UK) LTD | |||||||||||
NOTES TO THE FINANCIAL STATEMENTS | |||||||||||
FOR THE YEAR ENDED 31 DECEMBER 2015 | |||||||||||
1 | STATEMENT OF ACCOUNTING POLICIES | ||||||||||
Accounting convention | |||||||||||
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Turnover | |||||||||||
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Intangible fixed assets including goodwill | |||||||||||
Intangible fixed assets are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable. | |||||||||||
Goodwill of £2 relates to the purchase of Station Flooring Limited and Station Flooring Retail Limited on 22nd May 2013 and is not being amortised. |
Tangible fixed assets | |||||||||||
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Depreciation has been provided at the following rates so as to write off the cost less residual value of the assets over their estimated useful lives. | |||||||||||
Plant and machinery |
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Fixtures and fittings |
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Motor Vehicles |
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Computer equipment |
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Leases | |||||||||||
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account on a straight line basis, to produce an approximately constant rate of charge on the balance of capital repayments outstanding. | |||||||||||
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. |
Stock | |||||||||||
Stock has been valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow-moving items. Cost comprises the cost of goods purchased valued on a standard cost basis. Net realisable value is based on estimated selling price less all further costs incurred to get the stock into its normal sale condition (including marketing, selling and distribution costs). | |||||||||||
1 | STATEMENT OF ACCOUNTING POLICIES (continued…) | ||||||||||
Work in progress | |||||||||||
Work in progress has been valued at the lower of cost and net realisable value. Cost comprises the cost of materials and direct labour relevant to the stage of construction. Net realisable value is based on estimated selling price less all further costs to completion of the project. | |||||||||||
Financial instruments | |||||||||||
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Deferred taxation | |||||||||||
Deferred taxation is the taxation attributable to timing differences between profits computed for taxation purposes and profits as stated in the financial statements and is fully provided for, except in circumstances where losses are deemed irrecoverable, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. | |||||||||||
2 | INTANGIBLE ASSETS | ||||||||||
Intangible assets | |||||||||||
£ | |||||||||||
Cost | |||||||||||
At 1 January 2015 |
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At 31 December 2015 |
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Net book value | |||||||||||
At 1 January 2015 |
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At 31 December 2015 |
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3 | TANGIBLE ASSETS | ||||||||||
Tangible assets | |||||||||||
£ | |||||||||||
Cost | |||||||||||
At 1 January 2015 |
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Additions |
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Disposals | ( |
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At 31 December 2015 |
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Accumulated depreciation | |||||||||||
At 1 January 2015 |
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Charge for year |
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Disposals | ( |
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At 31 December 2015 |
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Net book value | |||||||||||
At 1 January 2015 |
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At 31 December 2015 |
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4 | SHARE CAPITAL | ||||||||||
Nominal value | Number | 2015 | 2014 | ||||||||
£ | £ | £ | |||||||||
Allotted, called up and fully paid: | |||||||||||
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Ordinary class E share | 1 | 1 | 1 | 1 | |||||||
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