Registered Number SC522003
THISTLE ARTIFICIAL GRASS LIMITED
Abbreviated Accounts
31 August 2016
Notes | 2016 | ||
---|---|---|---|
£ | |||
Fixed assets | |||
Tangible assets | 2 |
|
|
|
|||
Current assets | |||
Stocks |
|
||
Debtors |
|
||
Cash at bank and in hand |
|
||
|
|||
Creditors: amounts falling due within one year |
( |
||
Net current assets (liabilities) |
|
||
Total assets less current liabilities |
|
||
Provisions for liabilities |
( |
||
Total net assets (liabilities) |
|
||
Capital and reserves | |||
Called up share capital | 3 |
|
|
Profit and loss account |
|
||
Shareholders' funds |
|
Approved by the Board on
And signed on their behalf by:
1 Accounting Policies
Basis of measurement and preparation of accounts
Turnover policy
Tangible assets depreciation policy
Plant & machinery - 25% reducing balance
Other accounting policies
Stocks and work in progress 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 expenditure and an appropriate proportion of fixed and variable overheads.
Deferred taxation
Deferred taxation is provided in full on timing differences which result in an obligation to pay more (or less) tax at a later date, at the average rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
£ | |
---|---|
Cost | |
Additions |
|
Disposals |
|
Revaluations |
|
Transfers |
|
At 31 August 2016 |
|
Depreciation | |
Charge for the year |
|
On disposals |
|
At 31 August 2016 |
|
Net book values | |
At 31 August 2016 | 4,500 |