true
Ashlan Trading Limited
02138433
2016-03-31
12646
26102
12650
26106
4
4
12650
26106
0
4614
7196
10407
19846
41127
-965
13338
70417
114845
69452
128183
43537
33750
14117
19223
11798
75210
20811
27789
20811
27789
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.
Stocks
Stocks are valued at the lower of cost and net realisable value. Cost is computed on a first in first out basis. Net realisable value is based on estimated selling price less the estimated cost of disposal.
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.
Deferred taxation
Deferred tax is recognised in respect of all material 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:
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.
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 liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.
Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
Land & Buildings
on cost
0.0200
Plant & Machinery
on a reducing balance basis
0.2500
Fixtures & Fittings
on a reducing balance basis
0.1000
Motor Vehicles
on a reducing balance basis
0.2500
46584
62109
-15525
25773
34320
5812
-14359
46584
62109
-15525
25773
34320
-14359
5812
There are none falling due after more than one year.
Ordinary
1
3
3
3
Ordinary B
1
1
1
1
2016-11-18
R.L. Edwards Esq
true
true
true
true
xbrli:shares
iso4217:GBP
xbrli:pure
Ashlan Trading Limited
2015-04-01
2016-03-31
Ashlan Trading Limited
2014-04-01
2015-03-31
Ashlan Trading Limited
2014-03-31
Ashlan Trading Limited
2015-03-31
Ashlan Trading Limited
2015-03-31
Ashlan Trading Limited
2016-03-31
2016-11-18