Registered Number NI056590
A & N FUELS N.I. LIMITED
Abbreviated Accounts
31 August 2012
Notes | 2012 | 2011 | |
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£ | £ | ||
Fixed assets | |||
Tangible assets | 2 |
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Current assets | |||
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 assets (liabilities) |
( |
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Total assets less current liabilities |
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Provisions for 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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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:
1Accounting Policies
Basis of measurement and preparation of accounts
Turnover policy
Tangible assets depreciation policy
Plant and machinery 15% Reducing balance
Motor vehicles 20% Straight line
Other accounting policies
Stock is valued at the lower of cost and net realisable value.
Deferred taxation
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance had not been discounted.
Foreign currency translation
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.
£ | |
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Cost | |
At 1 September 2011 |
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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 2012 |
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Depreciation | |
At 1 September 2011 |
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Charge for the year |
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On disposals |
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At 31 August 2012 |
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Net book values | |
At 31 August 2012 | 10,238 |
At 31 August 2011 | 12,477 |