Abbreviated Company Accounts - VALUE CONSERVATORIES LIMITED
Abbreviated Company Accounts - VALUE CONSERVATORIES LIMITED
Registered Number 02988539
VALUE CONSERVATORIES LIMITED
Abbreviated Accounts
31 December 2014
VALUE CONSERVATORIES LIMITED Registered Number 02988539
Abbreviated Balance Sheet as at 31 December 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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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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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 |
( |
( |
For the year ending 31 December 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:
VALUE CONSERVATORIES LIMITED Registered Number 02988539
Notes to the Abbreviated Accounts for the period ended 31 December 2014
1Accounting Policies
Basis of measurement and preparation of accounts
Turnover policy
Tangible assets depreciation policy
Motor vehicles - 25%
Office equipment - 25%
Plant and machinery - 25%
Other accounting policies
Stock and work in progress is stated at the lower of cost and net realizable value as follows:
Cost includes expenses incurred in bringing each product to its present location and condition as follows:
Raw materials - Purchase cost on a first in, first out basis.
Work in progress and finished goods - Cost of direct materials and labour plus attributable overheads based on a normal level of activity.
Net realizable value is based on estimated selling price less further costs expected to be incurred to completion and disposal.
Controlling party:
The director and company secretary jointly are the company's ultimate controlling parties.
£ | |
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Cost | |
At 1 January 2014 |
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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 December 2014 |
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Depreciation | |
At 1 January 2014 |
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Charge for the year |
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On disposals |
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At 31 December 2014 |
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Net book values | |
At 31 December 2014 | 3,988 |
At 31 December 2013 | 5,828 |