Registration number:
Abbreviated Accounts
for the
Year Ended
787878787
Messrs L Craven Limited
Registration number: 08430470
Abbreviated Balance Sheet at 30 April 2016
Note |
2016 |
(As restated)
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£ |
£ |
£ |
£ |
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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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( |
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Net current liabilities |
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( |
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( |
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Total assets less current liabilities |
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Provisions for liabilities |
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( |
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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
Mr Peter Alan Craven
Director
The notes on pages 2 to 4 form an integral part of these financial statements.
787878787
Messrs L Craven Limited
Notes to the Abbreviated Accounts for the Year Ended 30 April 2016
Accounting policies |
Basis of preparation
Turnover
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 |
Plant, machinery and self-propelled machinery |
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Land and buildings |
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Stock
Deferred tax
Hire purchase and leasing
Financial instruments
The notes on pages 2 to 4 form an integral part of these financial statements.
787878787
Messrs L Craven Limited
Notes to the Abbreviated Accounts for the Year Ended 30 April 2016
Fixed assets |
Tangible assets
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Total
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Cost |
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At 1 May 2015 |
97,576 |
97,576 |
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Additions |
26,745 |
26,745 |
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Disposals |
(15,667) |
(15,667) |
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At 30 April 2016 |
108,654 |
108,654 |
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Amortisation |
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At 1 May 2015 |
29,297 |
29,297 |
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Charge for the year |
20,396 |
20,396 |
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Eliminated on disposals |
(8,000) |
(8,000) |
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At 30 April 2016 |
41,693 |
41,693 |
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Net book value |
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At 30 April 2016 |
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At 30 April 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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The notes on pages 2 to 4 form an integral part of these financial statements.
787878787
Messrs L Craven Limited
Notes to the Abbreviated Accounts for the Year Ended 30 April 2016
Prior period adjustments |
Summary of prior period adjustments:
Profit for the financial year 30 April 2015 (before restatement) |
36,881 |
Wheat crop valuation adjustments (previously overstated) |
(8,413) |
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Profit for the financial year 30 April 2015 after prior period adjustments |
28,468 |
The accounts have been restated to incorporate adjustments to dividends declared, the dividend was cancelled after consulation with the directors. The effect of the prior period adjustments on the profit and loss reserve account are summarised below.
Profit and loss account at 30 April 2015 (before restatement) |
26,756 |
Total prior period profit adjustment |
(8,413) |
Cancellation of dividend declared |
22,000 |
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Profit and loss account at 30 April 2016 ( after restatement) |
40,343 |
The notes on pages 2 to 4 form an integral part of these financial statements.