Registered Number 08594256
POLTUR LIMITED
Abbreviated Accounts
24 November 2014
Notes | 24/11/2014 | 31/07/2014 | |
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£ | £ | ||
Called up share capital not paid |
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Fixed assets | |||
Intangible assets |
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Tangible assets |
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Investments |
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Current assets | |||
Stocks |
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Debtors |
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Investments |
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Cash at bank and in hand |
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Prepayments and accrued income |
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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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Creditors: amounts falling due after more than one year |
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Provisions for liabilities |
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Accruals and deferred income |
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Total net assets (liabilities) |
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Capital and reserves | |||
Called up share capital |
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Share premium account |
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Revaluation reserve |
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Other reserves |
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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
The financial statements have been prepared under the historical cost convention and in accordance
with the Financial
Reporting Standard for Smaller Entities (Effective April 2008)
Turnover policy
The turnover shown in the profit and loss account represents revenue earned during the period,
exclusive of VAT l
Tangible assets depreciation policy
Depreciation is provided, after taking account of any grants receivable, at the following annual rates
in order to write off
Each asset over its estimated useful life. Leasehold Property – The period of the lease on cost or
revalued
amounts, Plant and Machinery - 15% on cost, Fixtures and fittings - 10% on cost, Motor vehicles -
20% on cost of
reducing the balance.
Intangible assets amortisation policy
Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated
to write off the
assets on a straight basis over their estimated useful economic lives, not to exceed twenty years.
Impairment of
intangible assets is only reviewed where circumstances indicate that the carrying value of an asset
may not be fully
recoverable.
Valuation information and policy
Stocks and work -in-progress are valued at the lower of cost and net realisable value, after making0
due allowance for
obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion
of fixed and variable
overheads.
Other accounting policies
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet.
Those held under
hire purchase contracts are depreciated over their estimated useful lives. Those held under finance
leases are
depreciated over their estimated useful lives or the lease term, whichever is the shorter. The interest
element of these
obligations is charged to the profit and loss account over the relevant period. The capital element of
the future payments
is treated as a liability. Rentals paid under operating leases are charged to the profit and loss account
on a straight line
basis over the period of the lease. Research and Development Expenditure on research and development is written off in
the year in which it is incurred.