Registered Number 08620955
TART LONDON LIMITED
Abbreviated Accounts
31 July 2016
Notes | 2016 | 2015 | |
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£ | £ | ||
Fixed assets | |||
Intangible assets | 2 |
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Tangible assets | 3 |
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Current assets | |||
Stocks |
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Debtors | 4 |
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Investments |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year | 5 |
( |
( |
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 | 5 |
( |
( |
Total net assets (liabilities) |
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( |
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Capital and reserves | |||
Called up share capital | 6 |
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Share premium account |
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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
Fixture & Fittings 20% Reducing Balance
Plant & Machinery 20% Reducing Balance
ICT 20% Reducing Balance
Intangible assets amortisation policy
Goodwill (Lease Premium) - over 20 years
Valuation information and policy
Other accounting policies
Assets obtained under hire purchase contracts or finance lease are capitalised in the Balance Sheet.
Those assets held under hire purchase contracts are depreciated over their estimated useful lives.
Those assets held under finance lease are depreciated over their estimated useful life or the lease term, whichever is the shorter of the two.
The interest element of these obligations is charged to the Profit and Loss Account over the relevant period and the capital element of the future payments are treated as a liability on the Balance Sheet.
Rental applicable to operating leases where all the risks and rewards of ownership remains with the lessor are charged against profits on a straight line basis over the period of the lease.
Financial Instruments
Financial Instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments.
An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all its liabilities.
£ | |
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Cost | |
At 1 August 2015 |
|
Additions |
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Disposals |
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Revaluations |
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Transfers |
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At 31 July 2016 |
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Amortisation | |
At 1 August 2015 |
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Charge for the year |
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On disposals |
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At 31 July 2016 |
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Net book values | |
At 31 July 2016 | 44,650 |
At 31 July 2015 | - |
£ | |
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Cost | |
At 1 August 2015 |
|
Additions |
|
Disposals |
|
Revaluations |
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Transfers |
|
At 31 July 2016 |
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Depreciation | |
At 1 August 2015 |
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Charge for the year |
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On disposals |
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At 31 July 2016 |
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Net book values | |
At 31 July 2016 | 83,503 |
At 31 July 2015 | 7,290 |
2016
£ |
2015
£ |
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Debtors include the following amounts due after more than one year |
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2016
£ |
2015
£ |
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Instalment debts due after 5 years |
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