Registered Number SC127002
J.S. SALMON LIMITED
Abbreviated Accounts
30 May 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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Creditors: amounts falling due within one year | 3 |
( |
( |
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 | 3 |
( |
( |
Provisions for liabilities |
( |
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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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( |
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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
Freehold land and buildings - Over 25 years
Long leasehold land and buildings - None
Plant and machinery - 20% reducing balance
Hydro plant - None
Motor Vehicles - 25% reducing balance
No depreciation has been provided in respect of the investment property which was purchased in May 2011 at fair market value.
Other accounting policies
Work in progress is valued at the lower of cost and net realisable value.
Deferred taxation
Deferred taxation is provided at appropriate rates on all timing differences using the liability method only to the extent that, in the opinion of the directors, there is a reasonable probability that a liability or asset will crystallise in the foreseeable future.
£ | |
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Cost | |
At 1 June 2014 |
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Additions |
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Disposals |
( |
Revaluations |
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Transfers |
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At 30 May 2015 |
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Depreciation | |
At 1 June 2014 |
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Charge for the year |
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On disposals |
( |
At 30 May 2015 |
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Net book values | |
At 30 May 2015 | 517,035 |
At 31 May 2014 | 527,918 |
2015
£ |
2014
£ |
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Instalment debts due after 5 years |
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5 Transactions with directors
Name of director receiving advance or credit: |
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Description of the transaction: |
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Balance at 1 June 2014: | £ |
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Advances or credits made: | £ |
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Advances or credits repaid: | £ |
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Balance at 30 May 2015: | £ |