true
Spentex B.C.A. Limited
01554450
2016-06-30
51131
47388
56131
52388
2765
3150
2235
1850
56131
52388
5100
4900
2000
8000
63231
65288
34787
37862
123085
104993
157872
142855
76855
64654
81000
77380
17
821
28444
27426
28444
27426
Basis of accounting
The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Turnover
The turnover shown in the profit and loss account is the revenue from the performance of the exchange of transactions from the supply of goods during the year, exclusive of value added tax.
Depreciation
There is no depreciation on leasehold property.
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance
for obsolete and slow moving items.
Operating lease agreements
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.
Pension costs
The company operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the company. The annual contributions payable are charged to the profit and loss account.
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not
reversed at the balance sheet date where transactions or events have occurred at that date that
will result in an obligation to pay more, or a right to pay less or to receive more tax, with
the following exceptions:
Provision is made for tax on gains arising from the revaluation (and similar fair value adjustments)
of fixed assets, and gains on disposal of fixed assets that have been rolled over into replacement
assets, only to the extent that, at the balance sheet date, there is a binding agreement to dispose
of the assets concerned. However, no provision is made where, on the basis of all available
evidence at the balance sheet date, it is more likely than not that the taxable gain will be rolled
over into replacement assets and charged to tax only where the replacement assets are sold.
Deferred tax assets are recognised only to the extent that the directors consider that it is more
likely than not that there will be suitable taxable profits from which the future reversal of the
underlying timing differences can be deducted.
Deferred tax is measured on an undiscounted basis at the tax rates that are expected
to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or
substantively enacted at the balance sheet date.
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
on written down value
0.1000
Fixtures & Fittings
on written down value
0.1000
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
49843
45882
3961
21399
18456
2943
49843
45882
3961
21399
18456
2943
Ordinary
10000
1
10000
10000
Ordinary
1
2765
3150
2765
Controlling interest & related party transactions
The company is under the control of the directors, D J Spencer and S J Spencer. During the year the company paid £19,200 (2015: £19,200) rent for the use of its premises to S & J Properties, a business which is partly owned by one of the company's directors. Total dividends of £22,000 (2015: £22,000) were paid to the directors during the year.
2016-10-31
S J Spencer
true
true
true
true
xbrli:shares
iso4217:GBP
xbrli:pure
Spentex B.C.A. Limited
2015-07-01
2016-06-30
Spentex B.C.A. Limited
2014-07-01
2015-06-30
Spentex B.C.A. Limited
2014-06-30
Spentex B.C.A. Limited
2015-06-30
Spentex B.C.A. Limited
2015-06-30
Spentex B.C.A. Limited
2016-06-30
2016-11-10