This document was delivered using electronic communications and authenticated in accordance with section 707B(2) of the Companies Act 1985.
Notes to the Accounts
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For the year ending 31 October 2005 |
1 |
Accounting policies
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Basis of accounting
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standards for Small Entities (effective June 2002)
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standards for Small Entities (effective April 2008)
Turnover Turnover represents the invoiced value of goods and services supplied by the company, net of VAT and trade discounts.
Stocks Stock is valued at the lower of cost and net realisable value
Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Land & Buildings |
10% |
straight line |
Furniture |
20% |
straight line |
Computer Equipment |
20% |
straight line |
Communications Equipment |
20% |
straight line |
Motor Vehicles |
25% |
straight line |
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2 |
Exchange rate
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Some info about exchange rates used
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3 |
Operating profit
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2005 |
2004 |
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This is stated after charging |
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£
|
£
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Depreciation of owned fixed assets
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555 |
525 |
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Operating lease costs
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0 |
0 |
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Auditors remuneration
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275 |
200 |
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|
|
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830 |
725 |
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4 |
Taxation
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2005 |
2004 |
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£
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£
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UK Corporation tax
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1,455 |
1,014 |
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Deferred tax
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0 |
0 |
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1,455 |
1,014 |
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5 |
Fixed Assets
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Intangible Assets |
Tangible Assets |
Investments |
Investment Property |
Total |
Cost or valuation |
£
|
£
|
£
|
£
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£
|
At 01 November 2004 |
900 |
11,041 |
0 |
0 |
11,941 |
Additions |
250 |
770 |
0 |
0 |
1,020 |
Disposals |
250 |
0 |
0 |
0 |
250 |
Revaluations |
0 |
0 |
0 |
0 |
0 |
Transfers |
0 |
0 |
0 |
0 |
0 |
At 31 October 2005 |
900 |
11,810 |
10 |
1,000 |
13,720 |
Depreciation |
At 01 November 2004 |
0 |
1,987 |
0 |
0 |
1,987 |
Charge for year |
150 |
2,359 |
0 |
0 |
2,509 |
On disposals |
0 |
0 |
0 |
0 |
0 |
Transfers |
0 |
0 |
0 |
0 |
0 |
Other adjustments |
0 |
0 |
0 |
0 |
0 |
At 31 October 2005 |
150 |
4,346 |
0 |
0 |
4,496 |
Net Book Value |
At 31 October 2005 |
750 |
7,464 |
10 |
1,000 |
9,224 |
At 31 October 2004 |
900 |
9,054 |
0 |
0 |
9,954 |
Fixed Assets Free Text Note
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6 |
Debtors
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Debtors free text note |
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2005 |
2004 |
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£
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£
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|
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Trade debtors
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2,020 |
2,000 |
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Called up share capital not paid (Current Asset)
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0 |
0 |
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Prepayments and accrued income
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0 |
0 |
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Other debtors
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447 |
685 |
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2,467 |
2,685 |
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7 |
Creditors: amounts falling due within one year
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Creditors due within one year free text note |
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2005 |
2004 |
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£
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£
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Bank loans and overdrafts
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2,065 |
2,056 |
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Trade creditors
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610 |
0 |
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Accruals and deferred income
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400 |
0 |
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Other creditors
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900 |
400 |
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3,975 |
2,456 |
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8 |
Creditors: amounts falling due after more than one year
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Creditors due after one year free text note |
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£
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£
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Bank loans and overdrafts
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1,000 |
1,000 |
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Obligations under finance leases
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0 |
0 |
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Loans from directors
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0 |
0 |
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Other creditors
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1,775 |
4,550 |
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2,775 |
5,550 |
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9 |
Creditors
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2005 |
2004 |
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£
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£
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Instalment debts falling due after 5 years
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0 |
0 |
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Non-instalment debts falling due after 5 years
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0 |
0 |
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Secured Debts
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0 |
0 |
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Total Creditors free text note |
10 |
Share capital
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2005 |
2004 |
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£
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£
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Authorised share capital:
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1000 A shares of £1 each
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1,000 |
1,000 |
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200 B shares of £0.5 each
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100 |
100 |
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50 preference shares of £10 each
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500 |
500 |
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Allotted, called up and fully paid:
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100 A shares of £1 each
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100 |
50 |
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200 B shares of £0.50 each
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100 |
50 |
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10 preference shares of £10 each
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100 |
100 |
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Ordinary shares issued in the year:
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10 B shares of £1 each were issued in the year with a nominal value
of £10,
for a consideration of £10 |
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Non-equity shares issued in the year:
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10 preference shares of £10 each were issued in the year with a nominal value
of £100,
for a consideration of £100 |
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Redeemable shares:
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Redeemable shares free text note |
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Share Capital free text note |
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11 |
Profit and Loss Account
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2005 |
2004 |
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£
|
£
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Balance brought forward
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6,444 |
5,360 |
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Profit or Loss for the current year
|
|
788 |
768 |
|
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Balance carried forward |
|
7,232 |
6,444
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12 |
Transactions with directors
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A transaction with a director.
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Name |
Liability at start of period |
Max. liability during the year |
Liability at end of period |
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M Jones |
2002 |
1000000 |
2003 |
13 |
Related party disclosures
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A statement on a related party disclosure |
14 |
Admin Costs
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A note on administration costs.
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15 |
Title for a free-text footnote
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Content for this footnote.
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16 |
Another free-text footnote
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Some more content.
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