Membrane Technology International Limited ABBREVIATED ACCOUNTS COVER
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Company No. SC252165
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Membrane Technology International Limited ABBREVIATED BALANCE SHEET
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at
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Company No.
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Notes
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2016
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2015
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£
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£
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Fixed assets
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Tangible assets
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2
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Current assets
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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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(
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(
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Net current assets
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Total assets less current liabilities
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Net assets
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Capital and reserves
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Called up share capital
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3
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Profit and loss account
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Shareholder's funds
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Approved by the board on 17 April 2017
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And signed on its behalf by:
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S.K. Olsen Wiseman
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Director
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17 April 2017
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Membrane Technology International Limited NOTES TO THE ABBREVIATED ACCOUNTS
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for the year ended 31 July 2016
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1
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Accounting policies
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Basis of preparation
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Turnover
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Freehold investment property
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This treatment conflicts with the requirements of the Companies Act 2006 that all properties should be depreciated. The directors consider that, because these properties are not held for consumption, but for their investment potential it is necessary to adopt the requirements of the FRSSE in order to give a true and fair view. |
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Intangible fixed assets and amortisation
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Stocks
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Deferred taxation
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Deferred tax is provided in full on timing differences which result in an obligation to pay more (or a right to pay less) tax at a future date, at the tax rates that are expected to apply when the timing differences reverse, based upon current tax rates and laws. Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no commitment to sell the asset. Deferred tax assets are recognised to the extent that it is regarded as more likely than not that they will be recovered. Deferred tax assets and liabilities are not discounted. |
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Research and development
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Foreign currencies
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Transactions in foreign currencies are recorded in sterling using the exchange rate ruling at the date of the transaction. Exchange differences are are taken into account in arriving at the operating profit. |
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Leased assets
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Pension costs
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2
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Fixed assets
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Tangible fixed assets
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Total
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£
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£
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Cost or revaluation
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At 1 August 2015
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1,682
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Additions
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750
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At 31 July 2016
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2,432
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Amortisation
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At 1 August 2015
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1,682
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Charge for the year
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250
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At 31 July 2016
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1,932
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Net book values
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At 31 July 2016
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500
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At 31 July 2015
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-
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3
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Share Capital
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Nominal value
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2016
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2016
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2015
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£
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Number
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£
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£
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Allotted, called up and fully paid:
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3
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3
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