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Kentra Grain Systems Limited
02713590
2016-09-30
1054
8297
22054
29297
21000
21000
22054
29297
6111
0
28165
29297
4188
18616
250942
131351
255130
149967
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37042
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57920
125935
55005
23977
10681
23977
10681
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.
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance
for obsolete and slow moving items.
Finance lease agreements
Where the company enters into a lease which entails taking substantially all the risks and rewards
of ownership of an asset, the lease is treated as a finance lease. The asset is recorded in the
balance sheet as a tangible fixed asset and is depreciated in accordance with the above
depreciation policies. Future instalments under such leases, net of finance charges, are included within creditors. Rentals payable are apportioned between the finance element, which is charged to the profit and loss account on a straight line basis, and the capital element which reduces the outstanding obligation for future instalments.
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.
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.
Fixtures & Fittings
Reducing balance method
0.2000
Motor Vehicles
Reducing balance method
0.2500
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.
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44586
23814
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26535
33905
7335
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50512
44586
23814
-17888
26535
33905
-14705
7335
6111
0
Ordinary
100000
1
100000
100000
Ordinary
1
21000
21000
21000
Controlling interest and related party transactions
The company has been under the control of the directors B J Higginbottom and R A Higginbottom throughout the current and previous year.
2017-06-27
B J Higginbottom
true
true
true
true
xbrli:shares
iso4217:GBP
xbrli:pure
Kentra Grain Systems Limited
2015-10-01
2016-09-30
Kentra Grain Systems Limited
2014-10-01
2015-09-30
Kentra Grain Systems Limited
2014-09-30
Kentra Grain Systems Limited
2015-09-30
Kentra Grain Systems Limited
2015-09-30
Kentra Grain Systems Limited
2016-09-30
2017-06-27