true
Poole Instrument Calibration Ltd
04195750
2016-03-31
232812
197835
232912
197935
100
100
232912
197935
232912
197935
124727
170644
211592
172687
336319
343331
199135
168440
69142
36637
68042
138254
108185
27291
1175
1410
107010
25881
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 for services rendered during the year, exclusive of Value Added Tax.
In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.
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:
Goodwill-20 years straight line
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance
for obsolete and slow moving items.
Operating lease agreements
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.
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.
Fixed Assets
All fixed assets are initially recorded at cost.
Financial Instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Plant & Machinery
straight line
0.2000
Fixtures & Fittings
reducing balance
0.1500
Motor Vehicles
reducing balance
0.2500
Equipment
straight line
0.3333
Leasehold Property
over the length of the lease
0.0000
4700
4700
3525
3290
235
326243
230012
100213
-3982
219233
204131
19084
-3982
330943
234712
100213
-3982
222758
207421
-3982
19319
Ordinary
1000
1
1000
1000
Ordinary
1
100
100
100
2016-12-20
Mr M R Suter
true
true
true
true
xbrli:shares
iso4217:GBP
xbrli:pure
Poole Instrument Calibration Ltd
2015-04-01
2016-03-31
Poole Instrument Calibration Ltd
2014-04-01
2015-03-31
Poole Instrument Calibration Ltd
2014-03-31
Poole Instrument Calibration Ltd
2015-03-31
Poole Instrument Calibration Ltd
2015-03-31
Poole Instrument Calibration Ltd
2016-03-31
2016-12-22