| Directors | |
| Company secretary | Metcalfe, Nicolas |
| Registered office | |
| Registered number | 04524082 |
| Accountant | H & M Ltd |
| The Four Columns | |
| Broughton Hall Business Park | |
| Skipton | |
| BD23 3AE |
| Notes |
|
| |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
|
|
|
| ||||||||
| |||||||||||
|
4 | ||||||||||
| |||||||||||
|
|||||||||||
|
5 | ||||||||||
|
|||||||||||
| |||||||||||
|
6 |
|
|
||||||||
|
|
||||||||||
|
|||||||||||
|
|||||||||||
|
|
| |||||||||
|
|||||||||||
| |||||||||||
|
|||||||||||
|
|||||||||||
|
The financial statements were approved and authorised for issue by the Board of Directors on
Metcalfe, Nicolas
Director |
Company registration number 04524082
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
The financial statements are presented in sterling and this is the functional currency of the company.
The financial statements have been prepared in accordance with FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
The financial statements have been prepared under the historical cost convention in accordance with the Companies Act 2006.
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.
Deferred taxation is provided on the liability method to take account of timing differences between the
treatment of certain items for accounts purposes and their treatment for tax purposes.
Tax deferred or accelerated is accounted for in respect of all material timing differences, in particular accelerated capital allowances and revaluation gains on investment properties. All deferred tax is charged/(credited) to the Statement of Income and Retained Earnings.
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
|
| ||||
|---|---|---|---|---|---|
| |||||
|
|||||
|
|||||
|
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Provisions are set up only where it is probable that a present obligation exists as a result of an event prior to the balance sheet date and that a payment will be required in a settlement that can be estimated reliably. Where material, provisions are calculated on a discounted basis.
The following assets and liabilities are classified as financial instruments - trade debtors, trade creditors, bank loans and directors' loans.
Bank loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.
Directors' loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.
Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Income and Retained Earnings.
|
|
|
|
| |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
|
|
|
|
| |||||||
|
|||||||||||
|
| ||||||||||
|
| ||||||||||
|
|
| |||||||||
|
| ||||||||||
|
|||||||||||
|
| ||||||||||
|
| ||||||||||
|
|
| |||||||||
|
| ||||||||||
|
|||||||||||
|
|||||||||||
|
|
| ||||
|---|---|---|---|---|---|
|
| ||||
|
|||||
|
|||||
|
|||||
|
|||||
|
|||||
|
|
| ||||
|---|---|---|---|---|---|
|
| ||||
|
|||||
|
|||||
|
|||||
|
|||||
|
|||||
|
|||||
|