Registered Number 08775673
VERESS TRANSPORT LTD
Abbreviated Accounts
30 November 2016
Notes | 2016 | 2015 | |
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£ | £ | ||
Fixed assets | |||
Tangible assets | 2 |
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Current assets | |||
Debtors | 3 |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year | 4 |
( |
( |
Net current assets (liabilities) |
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( |
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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 | 5 |
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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
Plant and Machinery 20% Straight Line
Motor Car 20% Straight Line
Furniture and Fittings 20% Straight Line
No depreciation is provided on the company's freehold properties since in the opinion of the directors the expected useful lives are sufficiently long and the estimated residual values are sufficiently high that any such depreciation would be immaterial. The directors undertake an annual impairment review of those properties.
£ | |
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Cost | |
At 1 December 2015 |
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Additions |
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Disposals |
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Revaluations |
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Transfers |
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At 30 November 2016 |
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Depreciation | |
At 1 December 2015 |
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Charge for the year |
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On disposals |
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At 30 November 2016 |
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Net book values | |
At 30 November 2016 | 1,515 |
At 30 November 2015 | 2,020 |
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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Secured Debts |
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