Registration number:
Unaudited Abbreviated Accounts
for the Year Ended
Greenacres Outdoors Limited
Contents
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Greenacres Outdoors Limited
(Registration number: 06886591)
Abbreviated Balance Sheet at 31 May 2016
Note |
2016
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2015
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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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Stocks |
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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 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 assets |
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Capital and reserves |
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Called up share capital |
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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 director on
1
Greenacres Outdoors Limited
(Registration number: 06886591)
Abbreviated Balance Sheet at 31 May 2016
......... continued
.........................................
Matthew James Gilliver
Director
2
Greenacres Outdoors Limited
Notes to the Abbreviated Accounts for the Year Ended 31 May 2016
......... continued
Accounting policies |
Basis of preparation
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 |
Motor vehicles |
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Fixtures and fittings |
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Plant and machinery |
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Land and buildings |
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Property Improvements |
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Research and development
Stock
Hire purchase and leasing
Greenacres Outdoors Limited
Notes to the Abbreviated Accounts for the Year Ended 31 May 2016
......... continued
Financial instruments
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 June 2015 |
303,993 |
848,623 |
1,152,616 |
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Additions |
- |
3,580 |
3,580 |
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At 31 May 2016 |
303,993 |
852,203 |
1,156,196 |
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Depreciation |
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At 1 June 2015 |
140,351 |
30,050 |
170,401 |
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Charge for the year |
25,364 |
4,913 |
30,277 |
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At 31 May 2016 |
165,715 |
34,963 |
200,678 |
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Net book value |
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At 31 May 2016 |
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At 31 May 2015 |
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Creditors |
Creditors includes the following liabilities, on which security has been given by the company:
2016
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2015
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Amounts falling due within one year |
314,709 |
50,000 |
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Amounts falling due after more than one year |
586,249 |
- |
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Total secured creditors |
900,959 |
50,000 |
Included in the creditors are the following amounts due after more than five years:
2016
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2015
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After more than five years by instalments |
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Greenacres Outdoors Limited
Notes to the Abbreviated Accounts for the Year Ended 31 May 2016
......... continued
Share capital |
Allotted, called up and fully paid shares
2016 |
2015 |
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No. |
£ |
No. |
£ |
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