true
Direct Boot and Shoe Supplies Limited
02997688
2015-11-30
3484495
3194613
4457990
3968108
1000
1000
972495
772495
4457990
3968108
126728
51554
3653285
615562
8238003
4635224
-206179
226423
708837
507477
502658
733900
204931
453977
204964
176159
92763
103764
8444182
4408801
24394
24432
8419788
4384369
Basis of accounting
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of certain fixed assets, 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.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over
the useful economic life of that asset as follows:
Website-20% p.a. straight line basis
Investment properties
Investment properties are shown at their open market value. The surplus or deficit arising from
the annual revaluation is transferred to the investment revaluation reserve unless a deficit, or
its reversal, on an individual investment property is expected to be permanent, in which case it
is recognised in the profit and loss account for the year.
This is in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015) which, unlike the Companies Act 2006, does not require depreciation of investment properties. Investment properties are held for their investment potential and not for use by the company and so their current value is of prime importance. The departure from the provisions of the Act is required in order to give a true and fair view.
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, 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 director considers 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.
Land & Buildings
% p.a. on cost, excluding land
0.0200
Fixtures & Fittings
% p.a. reducing balance basis
0.1500
Motor Vehicles
% p.a. reducing balance basis
0.2500
67753
57103
10650
43359
32671
10688
9167018
5031747
4157419
-222147
199999
747230
647378
147164
-47312
Freehold properties at cost include certain investment properties which are carried at their open
market value.
9234771
5088850
4168069
-222147
199999
790589
680049
-47312
157852
Freehold properties at cost include certain investment properties which are carried at their open
market value.
3653285
615562
Ordinary
1000
1
1000
1000
Ordinary
1
1000
1000
1000
The company was under the control of Mr M Cooper throughout the current
and previous year. Mr Cooper is the sole shareholder and director.
2016-04-13
M Cooper
true
true
true
true
xbrli:shares
iso4217:GBP
xbrli:pure
Direct Boot and Shoe Supplies Limited
2014-12-01
2015-11-30
Direct Boot and Shoe Supplies Limited
2013-12-01
2014-11-30
Direct Boot and Shoe Supplies Limited
2013-11-30
Direct Boot and Shoe Supplies Limited
2014-11-30
Direct Boot and Shoe Supplies Limited
2014-11-30
Direct Boot and Shoe Supplies Limited
2015-11-30
2016-08-08