SUBMITTED
Director: |
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Registered office: |
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Company Registration Number: |
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Notes | 2012 £ |
2011 £ |
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Current assets | |||
Debtors: |
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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 |
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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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The notes form part of these financial statements
Notes | 2012 £ |
2011 £ |
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Capital and reserves | |||
Called up share capital: | 2 |
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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: Anthony John Groom
Status: Director
The notes form part of these financial statements
Basis of measurement and preparation of accounts
Turnover policy
Tangible fixed assets depreciation policy
Intangible fixed assets amortisation policy
Other accounting policies
Hire purchase agreements Assets held under hire purchase agreements are capitalised and disclosed under tangible fixed assets at their fair value. The capital element of the future payments is treated as a liability and the interest is charged to the profit and loss account on a straight line basis. Operating lease agreements Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease. Stocks and work in progress 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 items. Cost in the case of work in progress and finished goods is based on bought in stock and supplies and does not include an allowance for overheads. Deferred taxation Provision is made for the liability to corporation tax which may arise in the foreseeable future from the allocation of items to different periods for taxation and for accounting purposes, after taking into account unrelieved corporation tax losses at the current rate. No provision is made for deferred tax as the amounts involved are immaterial.
Name of the ultimate controlling party during the period: |
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Name of related party: |
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Relationship: |
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Description of the transaction: |
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Balance at 01st August 2011 |
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Balance at 31st July 2012 |
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Long terms loans of £16,387 have been made by the Director and by K2 Partners Ltd, a connected company.