Registered Number 00791018
A.BURROWS(BAKERS)LIMITED
Abbreviated Accounts
30 November 2013
Notes | 30/11/2013 | 28/02/2013 | |
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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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( |
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Total assets less current liabilities |
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( |
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Creditors: amounts falling due after more than one year |
( |
( |
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Provisions for liabilities |
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( |
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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 |
( |
( |
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 - 10% and 25% reducing balance
Motor vehicles - 25% reducing balance
Other accounting policies
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Stock
Stock is valued at the lower of cost and net realisable value.
Pensions and other post-retirement benefits
The pension costs charged in the financial statements represent the contribution payable by the
company during the period.
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at
the balance sheet date where transactions or events have occurred at that date that will result in an
obligation to pay more, or a right to pay less or to receive more, tax, with the following exceptions:
Provision is made for tax on gains arising from the revaluation (and similar fair value adjustments) of
fixed assets, and gains on disposal of fixed assets that have been rolled over into replacement assets, only to the extent that, at the balance sheet date, there is a binding agreement to dispose of the assets concerned. However, no provision is made where, on the basis of all available evidence at the balance sheet date, it is more likely than not that the taxable gain will be rolled over into replacement assets and charged to tax only where the replacement assets are sold;
Provision is made for deferred tax that would arise on remittance of the retained earnings of overseas subsidiaries, associates and joint ventures only to the extent that, at the balance sheet date, dividends have been accrued as receivable;
Deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted.
Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the
periods in which timing differences reverse, based on tax rates and laws enacted or substantively
enacted at the balance sheet date.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of contractual
arrangement, as either financial assets, financial liabilities or equity instruments, as defined in FRS
25, Financial Instruments: Disclosure and Presentation. An equity instrument is any contract that
evidences a residual interest in the assets of the company after deducting all of its liabilities.
£ | |
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Cost | |
At 1 March 2013 |
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Additions |
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Disposals |
( |
Revaluations |
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Transfers |
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At 30 November 2013 |
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Depreciation | |
At 1 March 2013 |
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Charge for the year |
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On disposals |
( |
At 30 November 2013 |
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Net book values | |
At 30 November 2013 | 0 |
At 28 February 2013 | 7,467 |