Registration number:
for the Year Ended
Abbott & Sons Limited
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Abbott & Sons Limited
(Registration number: 04908704)
Abbreviated Balance Sheet at 31 October 2016
Note |
2016
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2015
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Fixed assets |
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Tangible fixed assets |
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Current assets |
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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 liabilities |
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Total assets less current liabilities |
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Provisions for liabilities |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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Shareholders' funds |
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Approved by the Board on
.........................................
L Abbott
Director
1
Abbott & Sons Limited
Notes to the Abbreviated Accounts for the Year Ended 31 October 2016
......... continued
Accounting policies |
Basis of preparation
Turnover
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, has been amortised evenly over its estimated useful life of ten years.
Depreciation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Asset class |
Depreciation method and rate |
Plant and machinery |
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Fixtures and fittings |
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Motor vehicles |
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Computer equipment |
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Stock
Deferred tax
Hire purchase and leasing
Abbott & Sons Limited
Notes to the Abbreviated Accounts for the Year Ended 31 October 2016
......... continued
Financial instruments
Fixed assets |
Intangible assets
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Tangible assets
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Total
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Cost |
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At 1 November 2015 |
30,000 |
59,341 |
89,341 |
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At 31 October 2016 |
30,000 |
59,341 |
89,341 |
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Depreciation |
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At 1 November 2015 |
30,000 |
39,242 |
69,242 |
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Charge for the year |
- |
4,042 |
4,042 |
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At 31 October 2016 |
30,000 |
43,284 |
73,284 |
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Net book value |
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At 31 October 2016 |
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At 31 October 2015 |
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Share capital |
Allotted, called up and fully paid shares
2016 |
2015 |
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No. |
£ |
No. |
£ |
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