true
Talywain Auto Services Limited
02806332
2016-05-31
220245
179971
220247
179973
2
2
220247
179973
1483
2690
221730
182663
211647
165959
53806
40289
265453
206248
2509
3046
1892
1768
261052
201434
10083
16704
10083
16704
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, after making due allowance
for obsolete and slow moving items.
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.
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.
Plant & Machinery
Method for Plant & equipment
0.0000
Motor Vehicles
Method for Motor vehicles
0.0000
51496
49377
2119
41413
32673
8740
51496
49377
2119
41413
32673
8740
Ordinary
2
1
2
2
Ordinary
1
2
2
2
2017-02-17
Mr D Warren
true
true
true
true
xbrli:shares
iso4217:GBP
xbrli:pure
Talywain Auto Services Limited
2015-06-01
2016-05-31
Talywain Auto Services Limited
2014-06-01
2015-05-31
Talywain Auto Services Limited
2014-05-31
Talywain Auto Services Limited
2015-05-31
Talywain Auto Services Limited
2015-05-31
Talywain Auto Services Limited
2016-05-31
2017-02-17