Registered Number 04197621
A & S PACKING (SCOTLAND) LIMITED
Abbreviated Accounts
31 May 2014
Notes | 2014 | 2013 | |
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£ | £ | ||
Fixed assets | |||
Tangible assets | 2 |
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Current assets | |||
Debtors | 3 |
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Cash at bank and in hand |
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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 |
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Creditors: amounts falling due after more than one year | 4 |
( |
( |
Provisions for liabilities |
( |
( |
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Total net assets (liabilities) |
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Capital and reserves | |||
Called up share capital | 5 |
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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
Turnover represents the value of work done during the year exclusive of value added tax. A sale is recognised on despatch of the goods to the customer which is the point at which the risks and rewards on ownership of the goods pass to the customer.
Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation
Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold property has not been depreciated contrary to FRS 11 because the
property is well maintained on a continuous basis such that the standard
and performance of the property is well preserved and any depreciation
charge would be immaterial.
Plant and Equipment 20% reducing balance basis.
Computers 20% straight line basis.
Motor Vehicles 25% reducing balance basis.
Other accounting policies
Provision is made for taxation deferred as a result of material timing differences between the incidence of income and expenditure for taxation purposes, using the liability method, only to the extent that, in the opinion of the directors, there is a reasonable probability that a liability or asset will crystallise in the near future.
£ | |
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Cost | |
At 1 June 2013 |
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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 May 2014 |
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Depreciation | |
At 1 June 2013 |
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Charge for the year |
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On disposals |
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At 31 May 2014 |
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Net book values | |
At 31 May 2014 | 626,079 |
At 31 May 2013 | 626,872 |
2014
£ |
2013
£ |
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Secured Debts |
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