Registered number: SC028073 | ||||||||
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FOR THE YEAR ENDED 31/12/2016 | ||||||||
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Prepared By: | ||||||||
Robinson Udale Ltd | ||||||||
The Old Bank | ||||||||
41 King Street | ||||||||
Penrith | ||||||||
Cumbria | ||||||||
CA11 7AY |
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Thomson Roddick & Laurie Limited | ||||||||
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ACCOUNTS | ||||||||
FOR THE YEAR ENDED 31/12/2016 | ||||||||
DIRECTORS | ||||||||
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SECRETARY | ||||||||
Mirs P J Mohammed | ||||||||
REGISTERED OFFICE | ||||||||
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Scotland | ||||||||
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COMPANY DETAILS | ||||||||
Private company limited by shares registered in EW - England and Wales, registered number SC028073 | ||||||||
ACCOUNTANTS | ||||||||
Robinson Udale Ltd | ||||||||
The Old Bank | ||||||||
41 King Street | ||||||||
Penrith | ||||||||
Cumbria | ||||||||
CA11 7AY |
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Thomson Roddick & Laurie Limited | ||||||||
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ACCOUNTS | ||||||||
FOR THE YEAR ENDED 31/12/2016 | ||||||||
CONTENTS | ||||||||
Page | ||||||||
Directors' Report | - | |||||||
Accountants' Report | - | |||||||
Statement Of Comprehensive Income | - | |||||||
Balance Sheet | 3 | |||||||
Notes To The Accounts | 4 | |||||||
The following do not form part of the statutory financial statements: | ||||||||
Trading And Profit And Loss Account | - | |||||||
Profit And Loss Account Summaries | - |
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Thomson Roddick & Laurie Limited | ||||||||
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BALANCE SHEET AT
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2016 | 2015 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Intangible assets | 2 |
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Tangible assets | 3 |
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CURRENT ASSETS | ||||||||||
Stock | 94,115 | 84,140 | ||||||||
Debtors | 5 | 132,093 | 485,594 | |||||||
Current Asset Investments | 6 |
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Cash at bank and in hand |
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609,595 | 1,005,664 | |||||||||
CREDITORS: Amounts falling due within one year | 7 | 422,113 | 424,752 | |||||||
NET CURRENT ASSETS | 187,482 | 580,912 | ||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES | 2,385,890 | 2,777,819 | ||||||||
CREDITORS: Amounts falling due after more than one year | 8 | 1,086,777 | 1,155,952 | |||||||
NET ASSETS | 1,299,113 | 1,621,867 | ||||||||
CAPITAL AND RESERVES | ||||||||||
Called up share capital | 10 | 96,175 | 96,175 | |||||||
Share premium account | 11 | 26,175 | 26,175 | |||||||
Revaluation reserve | 1g,12 | 609,942 | 609,942 | |||||||
Other reserves | 13 | 35,000 | 35,000 | |||||||
Profit and loss account | 531,821 | 854,575 | ||||||||
SHAREHOLDERS' FUNDS |
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1,621,867 | ||||||||
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The directors have decided not to deliver to the registrar a copy of the company's profit and loss account. | ||||||||||
Approved by the board on
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............................. | ||||||||||
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Director | ||||||||||
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Thomson Roddick & Laurie Limited | ||||||||
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NOTES TO THE ACCOUNTS | ||||||||||
FOR THE YEAR ENDED 31/12/2016 | ||||||||||
1. ACCOUNTING POLICIES |
1a. Basis Of Accounting | ||||||||
The accounts have been prepared under the historical cost convention. | ||||||||
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 . |
1b. Depreciation | ||||||||
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Long Leasehold Properties | straight line 1% | |||||||
Plant and Machinery | reducing balance Between 12.5% and 25% | |||||||
Commercial Vehicles | reducing balance 25% |
1c. Investment Properties | ||||||||
Investment properties are included in the financial statements at open market value. No depreciation is provided on such property in compliance with the Financial Reporting Standard for Smaller Entities. This departure from Companies Act requirements is necessary to show a true and fair view. |
1d. Stocks | ||||||||
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs. | ||||||||
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs. |
1e. Pension Costs | ||||||||
The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme. |
1f. Goodwill | ||||||||
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Thomson Roddick & Laurie Limited | ||||||||
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1g. Revaluation Reserve | ||||||||
Surpluses or deficits arising on the revaluation of individual fixed assets other than investment properties are credited or debited to a non-distributible reserve known as the revaluation reserve (see also note 12 ). | ||||||||
Revaluation deficits in excess of the amount of prior revaluation surpluses on the same asset are charged to the profit and loss account. |
2. INTANGIBLE FIXED ASSETS | ||||
Purchased | ||||
Goodwill | Total | |||
£ | £ | |||
Cost | ||||
At 01/01/2016 | 83,005 | 83,005 | ||
At 31/12/2016 | 83,005 | 83,005 | ||
Depreciation | ||||
At 01/01/2016 | 37,350 | 37,350 | ||
For the year | 4,150 | 4,150 | ||
At 31/12/2016 | 41,500 | 41,500 | ||
Net Book Amounts | ||||
At 31/12/2016 | 41,505 | 41,505 | ||
At 31/12/2015 |
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3. TANGIBLE FIXED ASSETS | ||||||||||
Land And | Plant and | |||||||||
Buildings | Machinery Etc. | Total | ||||||||
£ | £ | £ | ||||||||
Cost | ||||||||||
At 01/01/2016 | 2,323,199 | 219,598 | 2,542,797 | |||||||
Additions | 8,934 | 5,725 | 14,659 | |||||||
At 31/12/2016 | 2,332,133 | 225,323 | 2,557,456 | |||||||
Depreciation | ||||||||||
At 01/01/2016 | 234,078 | 157,467 | 391,545 | |||||||
For the year | 47 | 8,961 | 9,008 | |||||||
At 31/12/2016 | 234,125 | 166,428 | 400,553 | |||||||
Net Book Amounts | ||||||||||
At 31/12/2016 |
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At 31/12/2015 |
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The 2016 property valuations were made by S A Thomson FIA (Scot) FNAEA, joint managing director on 31st December 20116, on an open market value for existing use basis. The land and buildings have not been depreciated as the directors consider that there has been no impairment to the underlying value of these assets. The company has a policy of regular maintenenace and repair and the underlying value is well in excess of the net book value as presently stated. | ||||||||||
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Thomson Roddick & Laurie Limited | ||||||||
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4. STOCK | 2016 | 2015 | ||||
£ | £ | |||||
Stock comprises: | ||||||
Stock |
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5. DEBTORS | 2016 | 2015 | ||||||
£ | £ | |||||||
Amounts falling due within one year: | ||||||||
Trade debtors | 72,582 | 88,682 | ||||||
Other debtors |
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Thomson Roddick & Laurie Limited | ||||||||
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6. CURRENT ASSET INVESTMENTS | ||||||||
2016 | 2015 | |||||||
£ | £ | |||||||
Unlisted investments | 370,550 | 386,900 | ||||||
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Unlisted UK Investments includes 90,000 £1 ordinary shares of Thomson, Roddick and Medcalf Limited representing 47.4% of the equity share capital of the company, which is registered in Scotland. This unlisted investment cost £90,000 (2015 : £90,000), market value £Nil ( 2015 : £Nil). | ||||||||
Unlisted UK Investments includes 370,500 £1 ordinary shares of C & D Auction Mart Ltd representing 46.60% of the equity share capital of the company, which was incorporated on 3rd August 2015 and is registered in England.. |
7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2016 | 2015 | |||||||
£ | £ | |||||||
Bank loans and overdrafts |
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Trade creditors | 25,875 | 16,368 | ||||||
Taxation and social security | 25,960 | 15,370 | ||||||
Other creditors | 151,702 | 201,449 | ||||||
422,113 | 424,752 | |||||||
Included within bank loans falling due within 1 year is a bank loan in the sum of £1149,146 (2015 : £120,345) which is secured by the company on 42.58 acres of land. There is another bank loan in the sum of £69,430 (2015: £71,220) which is secured on the Property at Longtown Mart. Bank overdraft facilities are secured on the assets of the the company. | ||||||||
8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR | ||||||||
2016 | 2015 | |||||||
£ | £ | |||||||
Bank loans and overdrafts | 1,086,777 | 1,154,969 | ||||||
Other creditors | - | 983 | ||||||
1,086,777 | 1,155,952 | |||||||
Included in other creditors are: | ||||||||
Obligations under hire purchase | - | 983 | ||||||
Included within bank loans falling due after more than 1 year is a bank loan in the sum of £1,086,777 (2015: £1,154,969) which is secured on the Property at Longtown Mart. Bank overdraft facilities are secured on the assets of the the company. | ||||||||
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Thomson Roddick & Laurie Limited | ||||||||
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9. EMPLOYEES | ||||||
2016 | 2015 | |||||
No. | No. | |||||
Average number of employees | 10 | 10 | ||||
10. SHARE CAPITAL | 2016 | 2015 | ||||||
£ | £ | |||||||
Allotted, issued and fully paid: | ||||||||
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96,175 | 96,175 | ||||||
96,175 | 96,175 | |||||||
11. SHARE PREMIUM ACCOUNT | 2016 | 2015 | ||||
£ | £ | |||||
Share premium account | 26,175 | 26,175 |
12. REVALUATION RESERVE | 2016 | 2015 | ||||||
£ | £ | |||||||
Revaluation reserve | 609,942 | 609,942 | ||||||
609,942 | 609,942 | |||||||
13. OTHER RESERVES | 2016 | 2015 | ||||
£ | £ | |||||
Other reserves | 35,000 | 35,000 | ||||
35,000 | 35,000 | |||||
14. EXCEPTIONAL ITEM | ||||||||
This relates to the write off of loans made to Thomson Roddick & Medcalf Ltd over the years that have, which in the opinion of the directors has become of negligble value. | ||||||||