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Cannock Chemicals Limited
01643201
361 8604 50
2016-09-30
1083140
1127896
1083240
1127996
100
100
1083240
1127996
26195
30129
0
3486
1109435
1161611
919756
892115
720197
683310
1639953
1575425
1098332
995839
265519
316541
276102
263045
189679
269496
12500
62500
177179
206996
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 represents amounts invoiced during the year, exclusive of Value Added Tax.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over
the useful economic life of that asset as follows:
Goodwill-2 year straight line basis
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance
for obsolete and slow moving items.
Hire purchase agreements
Assets held under hire purchase agreements are capitalised and disclosed under tangible fixed
assets at their fair value. The capital element of the future payments is treated as a liability and
the interest is charged to the profit and loss account on a straight line basis.
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 tax.
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.
Plant & Machinery
p.a reducing balance basis
0.1500
Fixtures & Fittings
p.a reducing balance basis
0.1500
Motor Vehicles
p.a reducing balance basis
0.2500
Computer Equipment
p.a. straight line basis
0.2500
Leasehold Property
over period of lease
0.0000
100000
100000
87500
37500
50000
442747
427177
15570
265568
220181
45387
542747
527177
15570
353068
257681
95387
Ordinary A
131
0.50
66
66
Ordinary B
69
0.50
35
35
Ordinary A
0.50
66
66
131
Ordinary B
0.50
35
35
69
At the beginning of the year Mr M W Malpass' director's loan account was overdrawn by £36,095. The balance at the year end was £5,603 and the maximum amount outstanding during the year was £46,097.
2017-01-18
Mr M W Malpass
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true
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true
xbrli:shares
iso4217:GBP
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Cannock Chemicals Limited
2015-10-01
2016-09-30
Cannock Chemicals Limited
2014-10-01
2015-09-30
Cannock Chemicals Limited
2014-09-30
Cannock Chemicals Limited
2015-09-30
Cannock Chemicals Limited
2015-09-30
Cannock Chemicals Limited
2016-09-30
2017-01-20