Registered Number 08758372
HIGHCROFT SOLUTIONS LIMITED
Abbreviated Accounts
31 December 2014
Notes | 2014 | ||
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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 |
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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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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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Capital and reserves | |||
Called up share capital | 4 |
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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
Asset Class Depreciation method and rate
Plant & machinery 25% reducing balance
Freehold property market value review
Fixtures, fittings and equipment 25% reducing balance
Valuation information and policy
Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.
Other accounting policies
Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful economic life. It is reviewed for impairment at the end of the first full financial year following the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.
Amortisation
Amortisation is provided on intangible fixed assets so as to write off the cost, less any estimated residual value, over their expected useful economic life as follows;
Asset class Amortisation method and rate
Goodwill straight line over 3 years
Hire Purchase and Leasing
Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.
£ | |
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Cost | |
Additions |
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Disposals |
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Revaluations |
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Transfers |
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At 31 December 2014 |
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Amortisation | |
Charge for the year |
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On disposals |
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At 31 December 2014 |
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Net book values | |
At 31 December 2014 | 39,789 |
£ | |
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Cost | |
Additions |
|
Disposals |
|
Revaluations |
|
Transfers |
|
At 31 December 2014 |
|
Depreciation | |
Charge for the year |
|
On disposals |
|
At 31 December 2014 |
|
Net book values | |
At 31 December 2014 | 55,508 |