Registered Number 08787085
SUMMIT MACHINE SERVICES LTD
Abbreviated Accounts
30 November 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 |
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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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Creditors: amounts falling due after more than one year |
( |
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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
Motor vehicles - 25% Reducing balance
Intangible assets amortisation policy
Valuation information and policy
Other accounting policies
The regular cost of providing retirement pensions and related benefits is charged to the profit and loss account over the employees' service lives on the basis of a constant percentage of earnings.
Provision is made for deferred tax using the liability method to take account of timing differences between the income and expenditure for taxation and accounting purposes except to the extent that the directors consider that liability to taxation unlikely to materialise.
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange prevailing at the accounting date. Transactions in foreign currencies are recorded at the date of transactions. All differences are taken to the Profit and loss account.
£ | |
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Cost | |
At 1 December 2015 |
|
Additions |
|
Disposals |
|
Revaluations |
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Transfers |
|
At 30 November 2016 |
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Amortisation | |
At 1 December 2015 |
|
Charge for the year |
|
On disposals |
|
At 30 November 2016 |
|
Net book values | |
At 30 November 2016 | 5,589 |
At 30 November 2015 | 8,382 |
£ | |
---|---|
Cost | |
At 1 December 2015 |
|
Additions |
|
Disposals |
|
Revaluations |
|
Transfers |
|
At 30 November 2016 |
|
Depreciation | |
At 1 December 2015 |
|
Charge for the year |
|
On disposals |
|
At 30 November 2016 |
|
Net book values | |
At 30 November 2016 | 21,443 |
At 30 November 2015 | 11,147 |