SUBMITTED
Director: |
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Company secretary: |
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Registered office: |
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Lancashire | ||
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Company Registration Number: |
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Notes | 2012 £ |
2011 £ |
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Fixed assets | |||
Tangible assets: | 5 |
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Total fixed assets: |
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Current assets | |||
Stocks: |
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Debtors: | 6 |
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Cash at bank and in hand: |
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Total current assets: |
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Creditors | |||
Creditors: amounts falling due within one year | 7 |
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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: | 8 |
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Provision for liabilities: | 9 |
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759 |
Total net assets (liabilities): | ( |
( |
The notes form part of these financial statements
Notes | 2012 £ |
2011 £ |
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Capital and reserves | |||
Called up share capital: | 10 |
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Profit and Loss account: | ( |
( |
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Total shareholders funds: | ( |
( |
The financial statements were approved by the Board of Directors on
SIGNED ON BEHALF OF THE BOARD BY:
Name: A P Carroll
Status: Director
The notes form part of these financial statements
Basis of measurement and preparation of accounts
Turnover policy
Tangible fixed assets depreciation policy
Other accounting policies
Cashflow statement The Company has taken advantage of the exemption in Financial Reporting Standard No.1 from the requirement to produce a cashflow statement on the grounds that it is a small company. Stocks Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Debtors The Directors have decided that no provision is required for bad or doubtful debts. Deferred taxation 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. Leasing Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets and depreciated over the shorter of the lease term and their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Total | |
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Cost | £ |
At 01st September 2011: |
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At 31st August 2012: |
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Depreciation | |
At 01st September 2011: |
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Charge for year: |
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At 31st August 2012: |
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Net book value | |
At 31st August 2012: |
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At 31st August 2011: |
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2012 £ |
2011 £ |
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Trade debtors: | - |
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Other debtors: |
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Total: |
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2012 £ |
2011 £ |
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Bank loans and overdrafts: | - |
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Amounts due under finance leases and hire purchase contracts: |
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Taxation and social security: |
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Other creditors: |
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Total: |
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2012 £ |
2011 £ |
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Amounts due under finance leases and hire purchase contracts: |
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Total: |
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