Abbreviated Company Accounts - FOURMASTERS LIMITED
Abbreviated Company Accounts - FOURMASTERS LIMITED
Registered Number 02165876
FOURMASTERS LIMITED
Abbreviated Accounts
30 September 2015
FOURMASTERS LIMITED Registered Number 02165876
Abbreviated Balance Sheet as at 30 September 2015
Notes | 2015 | 2014 | |
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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 |
( |
( |
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Net current assets (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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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 |
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For the year ending 30 September 2015 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:
FOURMASTERS LIMITED Registered Number 02165876
Notes to the Abbreviated Accounts for the period ended 30 September 2015
1Accounting Policies
Basis of measurement and preparation of accounts
Turnover policy
Tangible assets depreciation policy
Land and buildings leasehold - 15% straight line
Plant and machinery - 10-15% reducing balance
Fixtures, fittings & equipment - 15% reducing balance & 33.33% straight line
Motor vehicles - 25% reducing balance
Valuation information and policy
Other accounting policies
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and depreciated over the shorter of the lease term and their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Deferred taxation
Deferred tax is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes.
£ | |
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Cost | |
At 1 October 2014 |
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Additions |
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Disposals |
( |
Revaluations |
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Transfers |
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At 30 September 2015 |
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Depreciation | |
At 1 October 2014 |
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Charge for the year |
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On disposals |
( |
At 30 September 2015 |
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Net book values | |
At 30 September 2015 | 93,088 |
At 30 September 2014 | 110,634 |