Registered Number 01286298
THOMAS PANTON (WINE MERCHANTS) LIMITED
Abbreviated Accounts
31 January 2014
Notes | 2014 | 2013 | |
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£ | £ | ||
Fixed assets | |||
Tangible assets | 2 |
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Current assets | |||
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 assets (liabilities) |
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Total assets less current liabilities |
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Creditors: amounts falling due after more than one year |
( |
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Total net assets (liabilities) |
( |
( |
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Capital and reserves | |||
Called up share capital | 3 |
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Profit and loss account |
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Shareholders' funds |
( |
( |
Approved by the Board on
And signed on their behalf by:
1Accounting Policies
Basis of measurement and preparation of accounts
Turnover policy
Tangible assets depreciation policy
Depreciation is charged to write off the cost of each asset over it's expected useful life at the following rates
Motor vehicles - 25% on reducing balance
Fixtures and fittings - 20% on cost
Other accounting policies
Assets held under hire purchase or finance lease contracts are included in tangible fixed assets and depreciated over the shorted or the contract term and their expected useful lives.
Stock
Stock is included at the lower of cost and it's net realisable value
Foreign currency
Monetary assets and liabilities denominated in foreign currency are converted to Sterling at the rate of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate of exchange ruling at the transaction date. All exchange differences are included in the profit and loss account.
£ | |
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Cost | |
At 1 February 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 January 2014 |
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Depreciation | |
At 1 February 2013 |
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Charge for the year |
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On disposals |
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At 31 January 2014 |
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Net book values | |
At 31 January 2014 | 12,263 |
At 31 January 2013 | 16,399 |