For the year ended 31 May 2015
Unaudited Abbreviated Report and Financial Statements
Scotland
Registered Number: SC250328
A & M Dobbin Limited
For the year ended 31 May 2015
1
Balance Sheet
2 to 3
Notes to the Abbreviated Financial Statements
Notes to the Abbreviated Financial Statements
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A & M Dobbin Limited
For the year ended 31 May 2015
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
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Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
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Proposed dividends are only included as liabilities in the financial statements when their payment has been approved
|
by the shareholders prior to the balance sheet date
.
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Acquired goodwill is stated at cost less amortisation
.
Amortisation is calculated on a straight line basis over the
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estimated expected useful economic life of the goodwill of
20
years
.
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Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
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Plant and Machinery
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
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2
Intangible fixed assets
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100,000
100,000
55,000
5,000
Charge for year
60,000
40,000
45,000
2 of 3
Notes to the Abbreviated Financial Statements
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A & M Dobbin Limited
For the year ended 31 May 2015
93,583
93,583
59,674
8,478
Charge for year
68,152
25,431
33,909
Allotted called up and fully paid
|
2015
2014
4
Class A shares of £
1
.
00
each
|
4
4
4
4
3 of 3