true
Kentra Grain Systems Limited
02713590
2014-09-30
26960
28644
47960
49644
21000
21000
47960
49644
47960
49644
35348
42166
83586
61903
118934
104069
30868
15207
44467
38353
43599
50509
12612
7478
12612
7478
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 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.
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, or a right to pay less or to receive more tax, with
the following exceptions:
Provision is made for tax on gains arising from the revaluation (and similar fair value adjustments)
of fixed assets, and gains 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.
Deferred tax assets are recognised only to the extent that the directors consider that it is more
likely than not that there 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.
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.
43461
34660
8801
30849
27182
3667
43461
34660
8801
30849
27182
3667
Ordinary
100000
1
100000
100000
Ordinary
1
21000
21000
21000
Controlling interest and related party transactions
Since 14 January 2014 the company has been under the control of the directors B J Higginbottom and R A Higginbottom. Up until that date the company had been under the control of the directors, B J Higginbottom, R Harland and M R Taylor.
2015-06-29
B J Higginbottom
true
true
true
true
xbrli:shares
iso4217:GBP
xbrli:pure
Kentra Grain Systems Limited
2013-10-01
2014-09-30
Kentra Grain Systems Limited
2012-10-01
2013-09-30
Kentra Grain Systems Limited
2012-09-30
Kentra Grain Systems Limited
2013-09-30
Kentra Grain Systems Limited
2013-09-30
Kentra Grain Systems Limited
2014-09-30
2015-06-29