SUBMITTED
Director: |
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Registered office: |
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Company Registration Number: |
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Notes | 2015 £ |
2014 £ |
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Fixed assets | |||
Tangible assets: | 3 |
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Total fixed assets: |
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Current assets | |||
Stocks: | - |
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Cash at bank and in hand: |
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Total current assets: |
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Creditors | |||
Creditors: amounts falling due within one year |
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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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The notes form part of these financial statements
Notes | 2015 £ |
2014 £ |
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Capital and reserves | |||
Called up share capital: | 4 |
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Profit and Loss account: |
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Total shareholders funds: |
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The financial statements were approved by the Board of Directors on
SIGNED ON BEHALF OF THE BOARD BY:
Name: MR TOMASZEWSKI ADAM
Status: Director
The notes form part of these financial statements
Basis of measurement and preparation of accounts
Turnover policy
Tangible fixed assets depreciation policy
Other accounting policies
Stock and work in progress is valued at the lower of the cost and estimated net realisable value. Cost of raw materials is determined on the FIFO basis. In the case of work in progress and finished goods, cost includes all direct expenditure and production overheads based on the normal level of activity. Net realisable value is the price at which the stock can release in the normal course of business, less further costs to completion of sale. • Deferred taxation Deferred taxation is provided under the liability method in respect of all material timing differences between the profits as computed for taxation purposes and the profits as stated in the financial statements. • Hire purchase and lease transactions Assets acquired under hire purchase agreement and finance lease are capitalised in the balance sheet and are depreciated in accordance with the company’s normal policy. The outstanding liabilities under such agreements less interest not yet due are included in creditors. Interest on such agreements is charged to the profit and loss account over the term of each agreement and represents a constant proportion of the balance of capital repayments outstanding. Rentals under operating leases are charged to profit and loss account as they fall due. • Research and Development Expenditure on research and development is written off in the year in which it is incurred.
Total | |
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Cost | £ |
At 11th April 2014: |
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Additions: |
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At 10th April 2015: |
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Depreciation | |
Charge for year: |
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At 10th April 2015: |
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Net book value | |
At 10th April 2015: |
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At 10th April 2014: |
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