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Unaudited Accounts | ||
for the year ended | ||
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Balance Sheet as at |
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Notes |
2020 £ |
2019 £ |
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Current assets | |||||
Debtors |
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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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Provisions for liabilities | ( |
( |
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Total net assets (liabilities) | ( |
( |
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Capital and reserves | |||||
Called up share capital |
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Profit and loss account | ( |
( |
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Shareholders' funds | ( |
( |
Balance Sheet
as at
The directors have not delivered a copy of the company's Profit and Loss account as permitted by s444(5A) of the Companies Act 2006.
Signed on behalf of the board of directors
...............................
Mr S Stylianou
Director
Approved by the board on
Company Number: 09877413 (a Private Company Limited by Shares registered in England and Wales)
Registered Office:
7/11 Minerva Road
Notes to the Accounts
for the year ended
1. | Accounting policies |
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Basis of preparation of financial statements |
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Changes in accounting standards, policies and estimates The transition to a new accounting standard has resulted to some changes in the accounting policies. The nature of these changes, and any impact on the values displayed for the comparative period, are explained in the notes below where applicable. |
Going concern basis | |
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The accounts have been prepared on the assumption that the company is able to carry on business as a going concern for the foreseeable future. |
Revenue recognition | |
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Tangible fixed assets depreciation policy | |
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Investment property | |
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Intangible fixed assets | |
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Impairment reviews for fixed assets | |
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Stocks | |
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Deferred taxation | |
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Research and development | |
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Foreign currencies | |
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Long term contracts | |
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The amount recoverable on each long term contract is based on stage of completion, by calculating costs incurred to date as a percentage of total costs, less any provision for known or anticipated losses and progress payments received and receivable. Where the outcome of incomplete contracts can be assessed with reasonable certainty, the attributable profit is recognised in the profit and loss account as an appropriate proportion of the estimated profit for that contract. The amount by which turnover is in excess of progress payments received and receivable is classified as amounts recoverable on contracts and separately disclosed in debtors. In assessing amounts recoverable, the directors provide for the cost of potential claims based on experience. |
Financial instruments | |
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2. | Employees | |||
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2020 | 2019 | |||
Average number of employees during the period |
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