Registered Number 08401260
AGA ELECTRONICS LTD
Abbreviated Accounts
28 February 2015
Notes | 28/02/2015 | 12/02/2014 | |
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£ | £ | ||
Current assets | |||
Stocks |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year | 2 |
( |
( |
Net current assets (liabilities) |
( |
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Total assets less current liabilities |
( |
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Total net assets (liabilities) |
( |
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Capital and reserves | |||
Called up share capital | 3 |
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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 charged so as to allocate the cost of assets less their residual values over their estimated useful lives, using the straight-line method. The following annual rates are used for the depreciation of property, plant and equipment:
Freehold buildings - 2% on cost or revalued amounts.
Plant Machinery - 15% on cost.
Fixtures and fittings - 10% on cost.
Motor Vehicles - 25% on cost.
Intangible assets amortisation policy
Intagible assets (including purchased goodwill and patents) are amortised at rates calculated to write off assest on a straight basis over their estimated useful economic lives, not to exceed twenty years. Imapirment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
28/02/2015
£ |
12/02/2014
£ |
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Secured Debts |
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