THE_VICTORIA_&_BULL_PROPE - Accounts
THE_VICTORIA_&_BULL_PROPE - Accounts
Company Registration No. 05100260 (England and Wales)
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2014
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
ABBREVIATED BALANCE SHEET
AS AT
30 JUNE 2014
- 1 -
2014
2013
Notes
£
£
£
£
Fixed assets
Tangible assets
2
Current assets
Debtors
Cash at bank and in hand
-
Creditors: amounts falling due within one year
(265,878 )
(135,819 )
Net current liabilities
(206,712 )
(128,815 )
Total assets less current liabilities
Creditors: amounts falling due after more than one year
(49,762 )
(145,569 )
Capital and reserves
Called up share capital
3
Profit and loss account
Shareholders' funds
Approved by the Board and authorised for issue on 19 March 2015
Director
Company Registration No. 05100260
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 JUNE 2014
- 2 -
1
Accounting policies
1.1
Accounting convention
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
1.4
Tangible fixed assets and depreciation
Land and buildings Freehold
Land and buildings Leasehold
Fixtures, fittings & equipment
1.5
Leasing
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
1.6
Long term contracts
Amounts recoverable on long term contracts, which are included in debtors, are stated at the net sales value of the work done after provision for contingencies and anticipated future losses on contracts, less amounts received as progress payments on account. Excess progress payments are included in creditors as payments on account.
1.7
Deferred taxation
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2014
- 3 -
2
Fixed assets
Tangible assets
£
Cost
At 1 July 2013 & at 30 June 2014
1,650,274
Depreciation
At 1 July 2013
62,778
Charge for the year
4,588
At 30 June 2014
67,366
Net book value
At 30 June 2014
1,582,908
At 30 June 2013
1,587,496
3
Share capital
2014
2013
£
£
Allotted, called up and fully paid