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Ashlan Trading Limited
02138433
2015-03-31
26102
17394
26106
17398
4
4
26106
17398
4614
1597
10407
4620
41127
23615
13338
10417
114845
114395
128183
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33750
34307
19223
34699
75210
55806
27789
13198
27789
13198
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 April 2008).
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:
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.
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.
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
62109
39439
22670
34320
26241
8079
62109
39439
22670
34320
26241
8079
Ordinary
1
3
3
3
Ordinary B
1
1
1
1
2015-09-10
R.L. Edwards Esq
true
true
true
true
xbrli:shares
iso4217:GBP
xbrli:pure
Ashlan Trading Limited
2014-04-01
2015-03-31
Ashlan Trading Limited
2013-04-01
2014-03-31
Ashlan Trading Limited
2013-03-31
Ashlan Trading Limited
2014-03-31
Ashlan Trading Limited
2014-03-31
Ashlan Trading Limited
2015-03-31
2015-09-16