Midland Business Equipment Ltd - Period Ending 2014-06-30
Midland Business Equipment Ltd - Period Ending 2014-06-30
Registration number:
Unaudited Abbreviated Accounts
for the Year Ended
Midland Business Equipment Ltd
Contents
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Midland Business Equipment Ltd
(Registration number: 03425348)
Abbreviated Balance Sheet at 30 June 2014
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2014
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2013
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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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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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Approved by the Board on
1
Midland Business Equipment Ltd
(Registration number: 03425348)
Abbreviated Balance Sheet at 30 June 2014
......... continued
.........................................
Mr R F H Lines
Director
2
Midland Business Equipment Ltd
Notes to the Abbreviated Accounts for the Year Ended 30 June 2014
......... continued
Accounting policies |
Basis of preparation
Turnover
Goodwill
Goodwill,being the amount paid in connection with the acquisition of a business in 1998, is being amortised evenly over its estimated useful life of twenty years.
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 |
Office Equipment |
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Fixtures and Fittings |
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Motor Vehicles |
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Computer Equipment |
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Stock
Deferred tax
Hire purchase and leasing
Midland Business Equipment Ltd
Notes to the Abbreviated Accounts for the Year Ended 30 June 2014
......... continued
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 July 2013 |
468,665 |
23,208 |
491,873 |
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Additions |
312 |
312 |
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At 30 June 2014 |
468,665 |
23,520 |
492,185 |
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Depreciation |
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At 1 July 2013 |
357,026 |
15,452 |
372,478 |
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Charge for the year |
23,430 |
1,678 |
25,108 |
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At 30 June 2014 |
380,456 |
17,130 |
397,586 |
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Net book value |
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At 30 June 2014 |
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At 30 June 2013 |
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Share capital |
Allotted, called up and fully paid shares
2014 |
2013 |
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No. |
£ |
No. |
£ |
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