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Acorn Gas Appliance Spares Limited
03917136
2015-01-31
123402
155653
124402
156653
1000
1000
124402
156653
3269
3355
127671
160008
110874
142684
107324
106632
218198
249316
54952
72276
133507
129689
29739
47351
16797
17324
16797
17324
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 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.
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
50284
45212
5072
33487
27888
5599
50284
45212
5072
33487
27888
5599
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.
2015-08-03
Kevin Russell Illingworth
true
true
true
true
xbrli:shares
iso4217:GBP
xbrli:pure
Acorn Gas Appliance Spares Limited
2014-02-01
2015-01-31
Acorn Gas Appliance Spares Limited
2013-02-01
2014-01-31
Acorn Gas Appliance Spares Limited
2013-01-31
Acorn Gas Appliance Spares Limited
2014-01-31
Acorn Gas Appliance Spares Limited
2014-01-31
Acorn Gas Appliance Spares Limited
2015-01-31
2015-08-18