F & M Powder Coating Specialists Limited - Period Ending 2016-01-31
F & M Powder Coating Specialists Limited - Period Ending 2016-01-31
Registration number:
Unaudited Abbreviated Accounts
for the Year Ended
F & M Powder Coating Specialists Limited
Contents
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F & M Powder Coating Specialists Limited
(Registration number: 05286304)
Abbreviated Balance Sheet at 31 January 2016
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2016
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2015
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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 liabilities |
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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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Provisions for 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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1
F & M Powder Coating Specialists Limited
(Registration number: 05286304)
Abbreviated Balance Sheet at 31 January 2016
......... continued
Approved by the Board on
.........................................
Mr Francis Greaves
Director
2
F & M Powder Coating Specialists Limited
Notes to the Abbreviated Accounts for the Year Ended 31 January 2016
......... 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
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 is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Asset class |
Depreciation method and rate |
Plant and machinery |
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Fixtures and fittings |
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Motor vehicles |
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Stock
Deferred tax
F & M Powder Coating Specialists Limited
Notes to the Abbreviated Accounts for the Year Ended 31 January 2016
......... continued
Hire purchase and leasing
Financial instruments
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 February 2015 |
73,192 |
747,504 |
820,696 |
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Additions |
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170,842 |
170,842 |
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At 31 January 2016 |
73,192 |
918,346 |
991,538 |
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Depreciation |
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At 1 February 2015 |
32,927 |
96,415 |
129,342 |
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Charge for the year |
3,660 |
43,185 |
46,845 |
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At 31 January 2016 |
36,587 |
139,600 |
176,187 |
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Net book value |
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At 31 January 2016 |
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At 31 January 2015 |
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F & M Powder Coating Specialists Limited
Notes to the Abbreviated Accounts for the Year Ended 31 January 2016
......... continued
Share capital |
Allotted, called up and fully paid shares
2016 |
2015 |
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No. |
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No. |
£ |
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