Registered Number 06478119
FLYING PENGUIN ENTERPRISES LIMITED
Abbreviated Accounts
30 June 2016
Notes | 2016 | 2015 | |
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£ | £ | ||
Fixed assets | |||
Intangible assets | 2 |
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Tangible assets | 3 |
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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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Provisions for liabilities |
( |
( |
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Total net assets (liabilities) |
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Capital and reserves | |||
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
And signed on their behalf by:
1Accounting Policies
Basis of measurement and preparation of accounts
Turnover policy
parties. All turnover was attributable to the UK market.
Tangible assets depreciation policy
All fixed assets are recorded at cost.
Depreciation
Depreciation is provided on all tangible fixed assets, other than freehold land, at rates
calculated to write off the cost or valuation, less estimated residual value, of each asset
evenly over its expected useful life, as follows:
Equipment - over 4 years
Motor Vehicles - over 4 years
Intangible assets amortisation policy
Goodwill is the difference between the fair value of the consideration given on the
acquisition of a business and the aggregate fair value of the separable net assets acquired.
Valuation information and policy
making due allowance for obsolete and slow moving items. Cost includes all direct
expenditure and an appropriate proportion of fixed and variable overheads.
Other accounting policies
Rentals payable under operating leases are charged to the profit and loss account on a
straight line basis over the lease term.
£ | |
---|---|
Cost | |
At 1 July 2015 |
|
Additions |
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Disposals |
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Revaluations |
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Transfers |
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At 30 June 2016 |
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Amortisation | |
At 1 July 2015 |
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Charge for the year |
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On disposals |
|
At 30 June 2016 |
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Net book values | |
At 30 June 2016 | 12,746 |
At 30 June 2015 | 18,318 |
of 10 years
£ | |
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Cost | |
At 1 July 2015 |
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Additions |
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Disposals |
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Revaluations |
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Transfers |
|
At 30 June 2016 |
|
Depreciation | |
At 1 July 2015 |
|
Charge for the year |
|
On disposals |
|
At 30 June 2016 |
|
Net book values | |
At 30 June 2016 | 32,690 |
At 30 June 2015 | 41,150 |