Registered number: 08549756 | ||||||||
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FOR THE YEAR ENDED 31 MAY 2016 | ||||||||
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Prepared By: | ||||||||
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Chartered Certified Accountants | ||||||||
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Buckinghamshire | ||||||||
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G2Morrow Limited | ||||||||
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ABBREVIATED ACCOUNTS | ||||||||
FOR THE YEAR ENDED
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INDEX TO THE ACCOUNTS | ||||||||
Abbreviated Balance Sheet | 2 | |||||||
Notes to the Abbreviated Accounts | 3 | |||||||
The company's registered number is 08549756 | ||||||||
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G2Morrow Limited | ||||||||
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Registered Number: 08549756 | ||||||||||
BALANCE SHEET AT 31 MAY 2016 | ||||||||||
2016 | 2015 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Tangible assets | 2 |
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CURRENT ASSETS | ||||||||||
Stock |
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Debtors (amounts falling due within one year) |
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Cash at bank and in hand |
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63,576 |
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CREDITORS: Amounts falling due within one year |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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PROVISIONS FOR LIABILITIES |
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NET ASSETS |
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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
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Director | ||||||||||
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G2Morrow Limited | ||||||||
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NOTES TO THE ACCOUNTS | ||||||||||
FOR THE YEAR ENDED 31 MAY 2016 | ||||||||||
1. ACCOUNTING POLICIES |
1a. Basis Of Accounting | ||||||||
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1b. Depreciation | ||||||||
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Plant and Machinery |
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1c. Stocks | ||||||||
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The amount of long-term contracts, at cost incurred, net of amounts transferred to cost of sales, after deducting foreseeable losses and payments on account not matched with turnover, is included in stock and work in progress as long-term balances. The amount by which recorded turnover is in excess of payments on account is included in debtors as amounts recoverable on long-term contracts. Payments in excess of recorded turnover and long-term contract balances are included in creditors as payments received on account on long-term contracts. The amount by which provisions or accruals for foreseeable losses exceed costs incurred, after transfers to cost of sales is included within either provisions for liabilities and charges or creditors, as appropriate. |
1d. Taxation | ||||||||
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Provision is made for deferred taxation in so far as a liability or asset has arisen as a result of transactions that had occurred by the balance sheet date and have given rise to an obligation to pay more tax in the future, or the right to pay less tax in the future. An asset has not been recognised to the extent that the transfer of economic benefits in the future is uncertain. Deferred tax assets and liabilities recognised have not been discounted. |
1e. Turnover | ||||||||
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Profit is recognised on long term contracts, if the final outcome can be assessed with reasonable certainty, by including in the profit and loss account turnover and related costs as contract activity progresses. |
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G2Morrow Limited | ||||||||
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2. TANGIBLE FIXED ASSETS | ||||
Plant and | ||||
Machinery | Total | |||
£ | £ | |||
Cost | ||||
At 1 June 2015 |
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Additions |
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At 31 May 2016 | 40,339 | 40,339 | ||
Depreciation | ||||
At 1 June 2015 |
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For the year |
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At 31 May 2016 |
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Net Book Amounts | ||||
At 31 May 2016 |
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At 31 May 2015 |
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3. SHARE CAPITAL | 2016 | 2015 | ||||||
£ | £ | |||||||
Allotted, issued and fully paid: | ||||||||
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100 | 100 | |||||||