true
Wakefleet Limited
01803347
2016-04-30
226588
206703
226688
206803
100
100
226688
206803
226688
206803
192900
172804
97103
71006
290003
243810
14096
14766
128315
66326
147592
162718
33788
33999
33788
33999
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 sales made during the year,exclusive of Value Added Tax.
Depreciation
Freehold property is considered to have a useful economic life of 50 years and depreciation is
charged at Nil%.The company has a policy and practice of regular maintenance and repair such that
the asset is kept to previously assessed standards of performance.The director also considers that
the asset is unlikely to suffer from economic or technological obsolescence.The charge for
depreciation based on the high residual value of the property is therefore considered to be
immaterial.
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance
for obsolete and slow moving items.
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
0.2500
Equipment
Straight line
0.3333
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.
71952
71761
191
38164
37762
402
71952
71761
191
38164
37762
402
Ordinary
100
1
100
100
Ordinary
1
100
100
100
At the year end the company owed Mr M D Johnson £371 (2015 - £197). The loan is unsecured and
repayable on demand.
2017-01-30
Mr M D Johnson
true
true
true
true
xbrli:shares
iso4217:GBP
xbrli:pure
Wakefleet Limited
2015-05-01
2016-04-30
Wakefleet Limited
2014-05-01
2015-04-30
Wakefleet Limited
2014-04-30
Wakefleet Limited
2015-04-30
Wakefleet Limited
2015-04-30
Wakefleet Limited
2016-04-30
2017-01-31