As at
Notes |
2015 £ |
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Fixed assets | ||
Tangible assets: | 2 |
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Total fixed assets: |
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Current assets | ||
Debtors: |
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Cash at bank and in hand: |
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Total current assets: |
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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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The notes form part of these financial statements
As at 30 June 2015
Notes |
2015 £ |
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Capital and reserves | ||
Called up share capital: | 3 |
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Profit and loss account: |
(
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Shareholders funds: |
(
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The financial statements were approved by the Board of Directors on
SIGNED ON BEHALF OF THE BOARD BY:
Name:
Status: Director
The notes form part of these financial statements
for the Period Ended 30 June 2015
Basis of measurement and preparation of accounts
revaluation of certain fixed assets and in accordance with the Financial Reporting Standard for Smaller
Entities (Effective April 2008)
Turnover policy
of goods and services supplied during the period, exclusive of Value Added Tax and trade discounts.
Tangible fixed assets depreciation policy
order to write off each asset over its estimated useful life. Freehold buildings - 2% on cost or revalued
amounts, Plant and Machinery - 15% on cost, Fixtures and fittings - 10% on cost, Motor vehicles - 25% on
cost.
Intangible fixed assets amortisation policy
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
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.
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the
treatment of certain items for taxation and accounting purposes. Deferred taxation is calculated at the rates
of tax that are expected to apply in the periods when the timing differences will reverse and has not been
discounted.
for the Period Ended 30 June 2015
Total | |
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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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30 June 2015: |
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Depreciation | |
Charge for year: |
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On disposals: |
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Other adjustments: |
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30 June 2015: |
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Net book value | |
30 June 2015: |
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