Registered Number 07345907
ABACUS UNDERLAY UK LTD
Abbreviated Accounts
31 August 2012
Notes | 2012 | 2011 | |
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£ | £ | ||
Called up share capital not paid |
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Fixed assets | |||
Intangible assets | 2 |
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Tangible assets | 3 |
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Investments |
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Current assets | |||
Stocks |
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Debtors |
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Investments |
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Cash at bank and in hand |
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Prepayments and accrued income |
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|
Creditors: amounts falling due within one year | 4 |
( |
( |
Net current assets (liabilities) |
|
( |
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Total assets less current liabilities |
|
|
|
Creditors: amounts falling due after more than one year | 4 |
( |
( |
Provisions for liabilities |
( |
( |
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Accruals and deferred income |
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Total net assets (liabilities) |
( |
( |
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Capital and reserves | |||
Called up share capital | 5 |
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Share premium account |
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Revaluation reserve |
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Other reserves |
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Profit and loss account |
( |
( |
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Shareholders' funds |
( |
( |
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
Office Equipment - 25% reducing balance.
Plant and Machinery - 15% reducing balance.
Stock is valued at lower of cost and net realisable value after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price anticipated costs to completion and selling costs.
Intangible assets amortisation policy
Goodwill - 10% straight line.
£ | |
---|---|
Cost | |
At 1 September 2011 |
|
Additions |
|
Disposals |
|
Revaluations |
|
Transfers |
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At 31 August 2012 |
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Amortisation | |
At 1 September 2011 |
|
Charge for the year |
|
On disposals |
|
At 31 August 2012 |
|
Net book values | |
At 31 August 2012 | 8,090 |
At 31 August 2011 | 8,990 |
£ | |
---|---|
Cost | |
At 1 September 2011 |
|
Additions |
|
Disposals |
|
Revaluations |
|
Transfers |
|
At 31 August 2012 |
|
Depreciation | |
At 1 September 2011 |
|
Charge for the year |
|
On disposals |
|
At 31 August 2012 |
|
Net book values | |
At 31 August 2012 | 55,231 |
At 31 August 2011 | 52,030 |
2012
£ |
2011
£ |
|
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Secured Debts |
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Instalment debts due after 5 years |
|
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Non-instalment debts due after 5 years |
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6Transactions with directors