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Direct Boot and Shoe Supplies Limited
02997688
2014-11-30
3194613
2914306
3968108
3562801
1000
1000
772495
647495
3968108
3562801
51554
60757
615562
748085
4635224
4371643
226423
185723
507477
490633
733900
676356
453977
119239
176159
191564
103764
365553
4408801
4185920
24432
25204
4384369
4160716
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 April 2008).
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 April 2008) 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
57103
49317
7786
32671
24113
8558
5031747
4726076
180671
125000
647378
565360
82018
Freehold properties at cost include certain investment properties which are carried at their open market value.
The investment properties, cost 1,480,248 (2013 - £1,314,635), were valued by the director at 30 November 2014 at their carrying
value of £2,310,614 (2013 - £2,020,001).
5088850
4775393
188457
125000
680049
589473
90576
Freehold properties at cost include certain investment properties which are carried at their open
market value.
The investment properties, cost 1,480,248 (2013 - £1,314,635), were valued by the director at 30 November 2014 at their carrying
value of £2,310,614 (2013 - £2,020,001).
615562
748085
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.
2015-04-09
M Cooper
true
true
true
true
xbrli:shares
iso4217:GBP
xbrli:pure
Direct Boot and Shoe Supplies Limited
2013-12-01
2014-11-30
Direct Boot and Shoe Supplies Limited
2012-12-01
2013-11-30
Direct Boot and Shoe Supplies Limited
2012-11-30
Direct Boot and Shoe Supplies Limited
2013-11-30
Direct Boot and Shoe Supplies Limited
2013-11-30
Direct Boot and Shoe Supplies Limited
2014-11-30
2015-08-25