Registered Number 06667730
A.B. COULTATE LIMITED
Abbreviated Accounts
31 August 2013
Notes | 2013 | 2012 | |
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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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( |
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Provisions for liabilities |
( |
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Total net assets (liabilities) |
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( |
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Capital and reserves | |||
Called up share capital |
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Profit and loss account |
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( |
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Shareholders' funds |
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( |
Approved by the Board on
And signed on their behalf by:
1Accounting Policies
Basis of measurement and preparation of accounts
Turnover policy
Tangible assets depreciation policy
Plant and machinery - 25% per annum of net book value
Fixtures and fittings - 25% per annum of net book value
Office equipment - 25% per annum of net book value
Other accounting policies
Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.
£ | |
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Cost | |
At 1 September 2012 |
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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 August 2013 |
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Depreciation | |
At 1 September 2012 |
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Charge for the year |
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On disposals |
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At 31 August 2013 |
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Net book values | |
At 31 August 2013 | 510 |
At 31 August 2012 | 305 |