true
Stratford Car Body Repair Co Limited
00753295
2016-07-31
18511
20484
267734
269707
5700
5700
243523
243523
267734
269707
57
57
267791
269764
16747
18604
14370
16467
31117
35071
1840
2162
29277
32909
251044
251160
251044
251160
Basis of accounting
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of certain fixed assets, and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Turnover
The company accounted for Value Added Tax under the Flat Rate Scheme and turnover is shown gross.
Investment properties
Investment properties are shown at their open market value. The surplus or deficit arising from
the annual revaluation is transferred to the investment revaluation reserve unless a deficit, or
its reversal, on an individual investment property is expected to be permanent, in which case it
is recognised in the profit and loss account for the year.
This is in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015) which, unlike the Companies Act 2006, does not require depreciation of investment properties. Investment properties are held for their investment potential and not for use by the company and so their current value is of prime importance. The departure from the provisions of the Act is required in order to give a true and fair view.
Fixed Assets
All fixed assets are initially recorded at cost.
Financial Instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Plant & Machinery
Reducing Balance
0.1000
256198
256198
5154
5038
116
Leasehold investment property was revalued on an open market basis on 31 July 2009 by the
director Mr R S Parsons. Because of uncertainty about the possible future development of the area in which the property is situated, the directors consider there to have been no material upward or downward movement in value to 31 July 2016. The original cost of the leasehold property was £6,477 (2015:£6,477).
256198
256198
5154
5038
116
Leasehold investment property was revalued on an open market basis on 31 July 2009 by the
director Mr R S Parsons. Because of uncertainty about the possible future development of the area in which the property is situated, the directors consider there to have been no material upward or downward movement in value to 31 July 2016. The original cost of the leasehold property was £6,477 (2015:£6,477).
Ordinary A
7440
1
7440
7440
Preference
5700
0.01
57
57
Preference
5700
0.01
57
57
Ordinary A
1
5700
5700
5700
At the year end, the company owed £1,083 to Mr R S Parsons (2015: £632) and £240 to Mr C L Parsons (2015: £240).
2017-04-19
Mr R S Parsons
true
true
true
true
xbrli:shares
iso4217:GBP
xbrli:pure
Stratford Car Body Repair Co Limited
2015-08-01
2016-07-31
Stratford Car Body Repair Co Limited
2014-08-01
2015-07-31
Stratford Car Body Repair Co Limited
2014-07-31
Stratford Car Body Repair Co Limited
2015-07-31
Stratford Car Body Repair Co Limited
2015-07-31
Stratford Car Body Repair Co Limited
2016-07-31
2017-04-26