Registered Number 02483323
CONGLETON GARDEN MACHINERY LIMITED
Abbreviated Accounts
31 July 2015
Notes | 2015 | 2014 | |
---|---|---|---|
£ | £ | ||
Fixed assets | |||
Tangible assets | 2 |
|
|
|
|
||
Current assets | |||
Stocks |
|
|
|
Debtors |
|
|
|
Cash at bank and in hand |
|
|
|
|
|
||
Creditors: amounts falling due within one year | 3 |
( |
( |
Net current assets (liabilities) |
|
|
|
Total assets less current liabilities |
|
|
|
Creditors: amounts falling due after more than one year | 3 |
( |
( |
Provisions for liabilities |
( |
( |
|
Total net assets (liabilities) |
|
|
|
Capital and reserves | |||
Called up share capital | 4 |
|
|
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
Fixtures, fixtures and equipment - 10% - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Other accounting policies
Stocks are stated at the lower of purchases cost and net realisable value.
Net realisable value is based in estimated selling prices less further costs expected to be incurred to completion and disposal.
Deferred taxation
Deferred taxation is calculated on the liability method in respect of timing differences arising primarily from the different accounting and tax treatment of depreciation. Provision is made at the rate expected to be in force at the balance sheet date.
Hire purchase and leasing commitments
Assets obtained under hire purchase contracts are capitalised in the balance sheet and are depreciated over their expected useful lives.
The interest element of the hire purchase obligations is charged to revenue over the period of the hire and represents a constant proportion of capital repayments made.
Rentals paid under operating leases are charged to revenue as incurred.
£ | |
---|---|
Cost | |
At 1 August 2014 |
|
Additions |
|
Disposals |
|
Revaluations |
|
Transfers |
|
At 31 July 2015 |
|
Depreciation | |
At 1 August 2014 |
|
Charge for the year |
|
On disposals |
|
At 31 July 2015 |
|
Net book values | |
At 31 July 2015 | 410,218 |
At 31 July 2014 | 365,886 |
2015
£ |
2014
£ |
|
---|---|---|
Instalment debts due after 5 years |
|
|