Registered Number 05215413
HEREFORD COACH & COMMERCIAL REFINISHERS LIMITED
Abbreviated Accounts
31 August 2012
Notes | 2012 | 2011 | |
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£ | £ | ||
Fixed assets | |||
Intangible assets | 2 |
|
|
Tangible assets | 3 |
|
|
|
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Current assets | |||
Stocks |
|
|
|
Debtors |
|
|
|
|
|
||
Creditors: amounts falling due within one year |
( |
( |
|
Net current assets (liabilities) |
( |
( |
|
Total assets less current liabilities |
( |
|
|
Total net assets (liabilities) |
( |
|
|
Capital and reserves | |||
Called up share capital | 4 |
|
|
Profit and loss account |
( |
|
|
Shareholders' funds |
( |
|
Approved by the Board on
And signed on their behalf by:
1Accounting Policies
Basis of measurement and preparation of accounts
The financial statements have been prepared on a going concern basis, due to the continued support of the directors.
Turnover policy
Tangible assets depreciation policy
provided at rates calculated to write off the cost less estimated residual value of each asset over its
expected useful life, as follows:
Land and buildings Freehold 2% Cost
Land and buildings Leasehold 4% Cost
Plant and machinery 25% Net Book Value
Fixtures, fittings & equipment 25% Net Book Value
Motor vehicles 25% Net Book Value
Other accounting policies
Acquired goodwill is written off in equal instalments over its estimated useful economic life of 10 years.
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 has not been discounted.
£ | |
---|---|
Cost | |
At 1 September 2011 |
|
Additions |
|
Disposals |
|
Revaluations |
|
Transfers |
|
At 31 August 2012 |
|
Amortisation | |
At 1 September 2011 |
|
Charge for the year |
|
On disposals |
|
At 31 August 2012 |
|
Net book values | |
At 31 August 2012 | 1,600 |
At 31 August 2011 | 2,400 |
£ | |
---|---|
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 | 95,965 |
At 31 August 2011 | 102,980 |