Automationworks Ltd - Period Ending 2015-06-30
Automationworks Ltd - Period Ending 2015-06-30
Registration number:
Unaudited Abbreviated Accounts
for the Year Ended
Automationworks Ltd
Contents
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Automationworks Ltd
(Registration number: 07285312)
Abbreviated Balance Sheet at 30 June 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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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 liabilities |
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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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Approved by the director on
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Mr Geoffrey Edward Taylor
Director
1
Automationworks Ltd
Notes to the Abbreviated Accounts for the Year Ended 30 June 2015
......... continued
Accounting policies |
Basis of preparation
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
Amortisation is provided on intangible fixed assets so as to write off the cost, less any estimated residual value, over their expected useful economic life as follows:
Asset class |
Amortisation method and rate |
Goodwill |
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Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Asset class |
Depreciation method and rate |
Plant and Machinery |
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Fixtures and Fittings |
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Computer Equipment |
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Hire purchase and leasing
Financial instruments
Automationworks Ltd
Notes to the Abbreviated Accounts for the Year Ended 30 June 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 July 2014 |
2,681 |
7,074 |
9,755 |
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Additions |
- |
11,634 |
11,634 |
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At 30 June 2015 |
2,681 |
18,708 |
21,389 |
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Depreciation |
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At 1 July 2014 |
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5,547 |
5,547 |
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Charge for the year |
2,681 |
4,701 |
7,382 |
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At 30 June 2015 |
2,681 |
10,248 |
12,929 |
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Net book value |
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At 30 June 2015 |
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At 30 June 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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