true
Acorn Gas Appliance Spares Limited
03917136
2016-01-31
129059
123402
130059
124402
1000
1000
130059
124402
6101
3269
15911
0
152071
127671
121566
110874
117094
107324
238660
218198
83351
54952
116803
133507
38506
29739
30505
16797
30505
16797
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.
Hire purchase agreements
Assets held under hire purchase agreements are capitalised and disclosed under tangible fixed
assets at their fair value. The capital element of the future payments is treated as a liability and
the interest is charged to the profit and loss account on a straight line basis.
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.
Plant & Machinery
on reducing balance
0.2500
Fixtures & Fittings
on reducing balance
0.2500
Motor Vehicles
on reducing balance
0.2500
Equipment
on reducing balance
0.2500
59974
50284
61572
-51882
29469
33487
10167
-14185
59974
50284
61572
-51882
29469
33487
-14185
10167
A Ordinary
510
1
510
510
B Ordinary
340
1
340
340
C Ordinary
150
1
150
150
A Ordinary
1
510
510
510
B Ordinary
1
340
340
340
C Ordinary
1
150
150
150
All classes of £1 shares rank pari passu in respect of voting rights, on a winding up or dissolution of the company.
Control
The company was under the control of Mr. K Illingworth a director and majority shareholder
throughout the current and previous year.
2016-08-11
Kevin Russell Illingworth
true
true
true
true
xbrli:shares
iso4217:GBP
xbrli:pure
Acorn Gas Appliance Spares Limited
2015-02-01
2016-01-31
Acorn Gas Appliance Spares Limited
2014-02-01
2015-01-31
Acorn Gas Appliance Spares Limited
2014-01-31
Acorn Gas Appliance Spares Limited
2015-01-31
Acorn Gas Appliance Spares Limited
2015-01-31
Acorn Gas Appliance Spares Limited
2016-01-31
2016-08-18