Abbreviated Company Accounts - SIMON MACKRORY LTD
Abbreviated Company Accounts - SIMON MACKRORY LTD
Registered Number 05889341
SIMON MACKRORY LTD
Abbreviated Accounts
31 July 2014
SIMON MACKRORY LTD Registered Number 05889341
Abbreviated Balance Sheet as at 31 July 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 | 3 |
( |
( |
Net current assets (liabilities) |
( |
( |
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Total assets less current liabilities |
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( |
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Total net assets (liabilities) |
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( |
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Capital and reserves | |||
Called up share capital | 4 |
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Profit and loss account |
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( |
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Shareholders' funds |
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( |
For the year ending 31 July 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
Approved by the Board on
And signed on their behalf by:
SIMON MACKRORY LTD Registered Number 05889341
Notes to the Abbreviated Accounts for the period ended 31 July 2014
1Accounting Policies
Basis of measurement and preparation of accounts
Turnover policy
and derives from the provision of goods falling within the company's ordinary activities.
Tangible assets depreciation policy
Land and buildings - (see note re Rental Properties)
Valuation information and policy
Freehold properties and property improvements relate to investment properties and are shown at their open market value. The surplus or deficit arising from the revaluation is transferred to the revaluation reserve. This is in accordance with the Financial Reporting Standard for Smaller Entities and is a departure from the Companies Act 2006 in order to give a true and fair view.
Stock
Work in progress is valued at the lower of cost and net realisable value.
£ | |
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Cost | |
At 1 August 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 July 2014 |
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Depreciation | |
At 1 August 2013 |
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Charge for the year |
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On disposals |
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At 31 July 2014 |
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Net book values | |
At 31 July 2014 | 385,000 |
At 31 July 2013 | - |
2014
£ |
2013
£ |
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Secured Debts |
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