Registered Number R0000336
IRISH ROAD MOTORS LIMITED
Abbreviated Accounts
31 March 2015
Notes | 2015 | 2014 | |
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£ | £ | ||
Fixed assets | |||
Tangible assets | 2 |
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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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Provisions for liabilities |
( |
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Total net assets (liabilities) |
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Capital and reserves | |||
Called up share capital | 3 |
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Other reserves |
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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
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (UK GAAP), which have been applied consistently (except as otherwise stated).
Turnover policy
Tangible assets depreciation policy
Land and buildings freehold 2% straight line
Plant and machinery 5 - 12.5% straight line
Fixtures, fittings & equipment 12.5% straight line
Other accounting policies
Stock is valued at the lower of cost and net realisable value.
Pensions
The pension costs charged in the financial statements represent the contributions payable by the company during the year in accordance with FRS 17.
Deferred taxation
Full provision for deferred tax assets and liabilities is provided at the current rates on differences that arise between the recognition of gains and losses in the financial statements and their recognition in the tax computation, except for differences arising on the revaluation of fixed assets (if no commitment to sell), or gains or any asset sold will benefit from rollover relief.
Security
The loan is secured by a charge over the company's premises and book debts.
£ | |
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Cost | |
At 1 April 2014 |
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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 31 March 2015 |
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Depreciation | |
At 1 April 2014 |
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Charge for the year |
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On disposals |
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At 31 March 2015 |
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Net book values | |
At 31 March 2015 | 700,445 |
At 31 March 2014 | 746,176 |