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Abbreviated Accounts for the Year Ended 31st March 2016 |
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Walter Marchbank Limited |
REGISTERED NUMBER:
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Abbreviated Accounts for the Year Ended 31st March 2016 |
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Walter Marchbank Limited |
Walter Marchbank Limited (Registered number: SC280408) |
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Contents of the Abbreviated Accounts |
for the Year Ended 31st March 2016 |
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Page |
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Company Information | 1 |
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Abbreviated Balance Sheet | 2 |
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Notes to the Abbreviated Accounts | 3 | to | 4 |
Walter Marchbank Limited |
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Company Information |
for the Year Ended 31st March 2016 |
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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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ACCOUNTANTS: |
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Walter Marchbank Limited (Registered number: SC280408) |
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Abbreviated Balance Sheet |
31st March 2016 |
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2016 | 2015 |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 2 |
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CURRENT ASSETS |
Debtors |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 3 | ( |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one year | 3 | ( |
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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. |
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The financial statements were approved by the Board of Directors on
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Walter Marchbank Limited (Registered number: SC280408) |
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Notes to the Abbreviated Accounts |
for the Year Ended 31st March 2016 |
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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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Turnover |
Turnover represents net invoiced sales from haulage contracting, excluding value added tax. |
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Tangible fixed assets |
Plant and machinery etc - 25% on reducing balance, 20% on reducing balance and 15% on reducing balance |
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Amounts written off each asset over the estimated useful life represent cost less residual value. |
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Deferred tax |
Full provision is made for deferred tax assets and liabilities arising from all timing differences between the recognition of |
gains and losses in the financial statements and the recognition in the tax computation. |
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A net deferred tax asset is recognised only if it can be regarded as more likely than not that there will be suitable taxable |
profits from which the future reversal of the underlying timing differences can be deducted. |
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Deferred tax assets and liabilities are calculated at the tax rates expected to be effective at the time the timing differences are |
expected to reverse. |
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Deferred tax assets and liabilities are not discounted. |
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Hire purchase and leasing commitments |
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire |
purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over |
their estimated useful lives or the lease term, whichever is shorter. |
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The interest element of these obligations is charged to the profit and loss account over the relevant period. The capital |
element of the future payments is treated as a liability. |
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2. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1st April 2015 |
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Additions |
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Disposals | ( |
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At 31st March 2016 |
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DEPRECIATION |
At 1st April 2015 |
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Charge for year |
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Eliminated on disposal | ( |
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At 31st March 2016 |
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NET BOOK VALUE |
At 31st March 2016 |
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At 31st March 2015 |
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3. | CREDITORS |
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Creditors include an amount of £
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Walter Marchbank Limited (Registered number: SC280408) |
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Notes to the Abbreviated Accounts - continued |
for the Year Ended 31st March 2016 |
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4. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2016 | 2015 |
value: | £ | £ |
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Ordinary | £1 |
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