Sarah Wright Kitchens Limited - Period Ending 2015-03-31
Sarah Wright Kitchens Limited - Period Ending 2015-03-31
Registration number:
Unaudited Abbreviated Accounts
for the Year Ended
Sarah Wright Kitchens Limited
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Sarah Wright Kitchens Limited
(Registration number: 06775438)
Abbreviated Balance Sheet at 31 March 2015
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2015
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2014
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Fixed assets |
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Intangible fixed assets |
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Tangible fixed assets |
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Current assets |
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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 |
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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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Net assets |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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Shareholders' funds |
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1
Sarah Wright Kitchens Limited
(Registration number: 06775438)
Abbreviated Balance Sheet at 31 March 2015
......... continued
Approved by the director on
.........................................
Mrs Sarah Russell Wright Cookson
Director
2
Sarah Wright Kitchens Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2015
......... continued
Accounting policies |
Basis of preparation
The accounts do not include a cash flow statement because the company, as a small reporting entity, is exempt from the requirements to prepare such a statement.
Turnover
Goodwill
Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful economic life. It is reviewed for impairment at the end of the first full financial year following the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.
Amortisation
Acquired goodwill is written off in equal annual installments over its estimated useful economic life of 10 years.
Asset class |
Amortisation method and rate |
Goodwill |
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Depreciation
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:
Asset class |
Depreciation method and rate |
Fixtures and fittings |
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office equipment |
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Stock and work in progress
Financial instruments
Sarah Wright Kitchens Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2015
......... continued
Fixed assets |
Intangible assets
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Tangible assets
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Total
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Cost |
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At 1 April 2014 |
20,000 |
6,646 |
26,646 |
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At 31 March 2015 |
20,000 |
6,646 |
26,646 |
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Depreciation |
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At 1 April 2014 |
10,500 |
5,417 |
15,917 |
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Charge for the year |
2,000 |
307 |
2,307 |
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At 31 March 2015 |
12,500 |
5,724 |
18,224 |
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Net book value |
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At 31 March 2015 |
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At 31 March 2014 |
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Share capital |
Allotted, called up and fully paid shares
2015 |
2014 |
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No. |
£ |
No. |
£ |
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