Registered Number 01143649
FARMER AND ROPER LIMITED
Abbreviated Accounts
31 March 2015
Notes | 2015 | 2014 | |
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£ | £ | ||
Fixed assets | |||
Tangible assets | 2 |
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Current assets | |||
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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( |
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Total assets less current liabilities |
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Total net assets (liabilities) |
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Capital and reserves | |||
Called up share capital | 3 |
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Revaluation reserve |
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Profit and loss account |
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Shareholders' funds |
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Approved by the Board on
And signed on their behalf by:
1 Accounting Policies
Basis of measurement and preparation of accounts
revaluation of certain fixed assets and in accordance with the Financial Reporting Standard
for Smaller Entities (effective April 2008).
Tangible assets depreciation policy
value of each asset over its expected useful life, as follows:
Land and buildings - 0% reducing balance
Plant and machinery - 15% reducing balance
Tangible fixed assets are stated at cost less accumulated depreciation.
Valuation information and policy
freehold property is held for long term investment and is included in the Balance Sheet at the
latest valuation. The surplus on revaluation of the property is transferred to the revaluation
reserve and no depreciation is provided. This policy represents a departure from the
Companies Act 2006 which require depreciation to be provided on all fixed assets. The
directors consider that this policy is necessary in order that the financial statements give a
true and fair view because current values and changes in current values are of prime
importance rather than the calculation of systematic annual depreciation. Depreciation is only
one of many factors reflected in the valuation and the amount which might otherwise have
been shown cannot be identified or quantified.
£ | |
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Cost | |
At 1 April 2014 |
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Additions |
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Disposals |
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Revaluations |
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Transfers |
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At 31 March 2015 |
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Depreciation | |
At 1 April 2014 |
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Charge for the year |
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On disposals |
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At 31 March 2015 |
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Net book values | |
At 31 March 2015 | 100,192 |
At 31 March 2014 | 100,226 |
4 Transactions with directors
Name of director receiving advance or credit: |
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Description of the transaction: |
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Balance at 1 April 2014: | £ |
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Advances or credits made: | £ |
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Advances or credits repaid: |
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Balance at 31 March 2015: | £ |