Registration number:
Unaudited Abbreviated Accounts
for the Year Ended
Primo Landscaping Limited
Contents
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Primo Landscaping Limited
(Registration number: SC327297)
at 31 July 2015
Note |
2015
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2014
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Fixed assets |
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Intangible fixed assets |
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Tangible fixed assets |
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Current assets |
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Debtors |
- |
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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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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 |
( |
( |
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Net liabilities |
( |
( |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
( |
( |
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Shareholders' deficit |
( |
( |
Approved by the Board on
.........................................
Mr WDC Elliot
Director
1
Primo Landscaping Limited
Notes to the Abbreviated Accounts for the Year Ended 31 July 2015
Accounting policies |
Basis of preparation
Going concern
The Company has net liabilities of £1,593 (2014: £9,286) as at 31 July 2015. The Company relies on the continued support of its directors to finance its day to day working capital requirements.
The Directors' consider it appropriate to prepare the financial statements on a going concern basis after consideration of all the information available for the forseeable future (limited to one year from the date of the approval of these financial statements), there is a reasonable expectation that the company has adequate resources to remain in operational existance for the foseeable future.
If adoption of the going concern basis was inappropriate, adjustments could be required to write down assets to the assessment of their recoverable value, to reclassify fixed assets to current assets and to provide for any further liabilities that may arise.
Turnover
Goodwill
Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful economic life. It is reviewed for impairment at the end of the first full financial year following the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.
Amortisation
Amortisation is provided on intangible fixed assets so as to write off the cost, less any estimated residual value, over their expected useful economic life as follows:
Asset class |
Amortisation method and rate |
Goodwill |
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Depreciation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Asset class |
Depreciation method and rate |
Plant and machinery |
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Office equipment |
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Motor vehicles |
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Financial instruments
Primo Landscaping Limited
Notes to the Abbreviated Accounts for the Year Ended 31 July 2015
Fixed assets |
Intangible assets
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Tangible assets
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Total
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Cost |
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At 1 August 2014 |
10,000 |
39,211 |
49,211 |
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Additions |
- |
13,590 |
13,590 |
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Disposals |
- |
(10,380) |
(10,380) |
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At 31 July 2015 |
10,000 |
42,421 |
52,421 |
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Depreciation |
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At 1 August 2014 |
7,000 |
24,063 |
31,063 |
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Charge for the year |
1,000 |
5,052 |
6,052 |
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Eliminated on disposals |
- |
(5,749) |
(5,749) |
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At 31 July 2015 |
8,000 |
23,366 |
31,366 |
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Net book value |
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At 31 July 2015 |
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At 31 July 2014 |
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Share capital |
Allotted, called up and fully paid shares
2015 |
2014 |
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No. |
£ |
No. |
£ |
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