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James Ritchie & Son (Clockmakers) |
Limited |
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Unaudited Financial Statements |
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for the Year Ended 31 December 2015 |
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REGISTERED NUMBER:
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James Ritchie & Son (Clockmakers) |
Limited |
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Unaudited Financial Statements |
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for the Year Ended 31 December 2015 |
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James Ritchie & Son (Clockmakers) |
Limited (Registered number: SC223962) |
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Contents of the Financial Statements |
for the Year Ended 31 December 2015 |
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Page |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
James Ritchie & Son (Clockmakers) |
Limited |
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Company Information |
for the Year Ended 31 December 2015 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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BANKERS: |
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James Ritchie & Son (Clockmakers) |
Limited (Registered number: SC223962) |
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Balance Sheet |
31 December 2015 |
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2015 | 2014 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 2 |
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Tangible assets | 3 |
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CURRENT ASSETS |
Stocks |
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Debtors |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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PROVISIONS FOR LIABILITIES |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 4 |
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Profit and loss account |
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SHAREHOLDERS' FUNDS |
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The directors acknowledge their responsibilities for: |
(a) |
ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the
Companies Act 2006 and |
(b) |
preparing financial statements which give a true and fair view of the state of affairs of the company
as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
James Ritchie & Son (Clockmakers) |
Limited (Registered number: SC223962) |
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Balance Sheet - continued |
31 December 2015 |
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The financial statements were approved by the Board of Directors on
on its behalf by: |
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James Ritchie & Son (Clockmakers) |
Limited (Registered number: SC223962) |
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Notes to the Financial Statements |
for the Year Ended 31 December 2015 |
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1. | ACCOUNTING POLICIES |
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Accounting convention |
The financial statements have been prepared under the historical cost convention and in |
accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015). |
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The company was dormant throughout the year ended 31 December 2015. However, reference to |
information relating to the period ended 31 December 2014 has been made where appropriate. |
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Related party exemption |
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 8 |
Related Party Disclosures, not to disclose related party transactions with wholly owned subsidiaries |
within the group. |
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Turnover and revenue recognition |
Turnover represents net invoiced sales of goods, excluding value added tax. |
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Revenue is recognised in line with the performance of ongoing contracts or for the supply of goods |
on dispatch date. |
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Goodwill |
Goodwill, being the amount paid in connection with the acquisition of a business in 2006, has been |
amortised fully. |
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Tangible fixed assets |
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Plant and machinery | - |
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Fixtures and fittings | - |
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Motor vehicles | - |
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Computer equipment | - |
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Stocks |
Stock is valued at the lower of cost and net realisable value, after making due allowance for |
obsolete and slow moving items. |
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Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to the profit and loss account on a straight line |
basis over the period of the lease. |
James Ritchie & Son (Clockmakers) |
Limited (Registered number: SC223962) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 December 2015 |
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2. | INTANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 January 2015 |
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Disposals | ( |
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At 31 December 2015 |
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AMORTISATION |
At 1 January 2015 |
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Eliminated on disposal | ( |
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At 31 December 2015 |
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NET BOOK VALUE |
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At 31 December 2015 |
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At 31 December 2014 |
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3. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 January 2015 |
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Disposals | ( |
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At 31 December 2015 |
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DEPRECIATION |
At 1 January 2015 |
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Eliminated on disposal | ( |
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At 31 December 2015 |
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NET BOOK VALUE |
At 31 December 2015 |
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At 31 December 2014 |
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James Ritchie & Son (Clockmakers) |
Limited (Registered number: SC223962) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 December 2015 |
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4. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2015 | 2014 |
value: | £ | £ |
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Ordinary | £1 |
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5. | ULTIMATE PARENT COMPANY |
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company. |