true
Graham Steel Erectors Limited
04268160
375 0626 49
2015-08-31
228530
192928
228532
192930
2
2
228532
192930
6388
8932
234920
201862
202979
157208
34551
30641
237530
187849
117755
6311
337
540
119438
180998
31941
44654
31941
44654
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.
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.
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.
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
Reducing balance
0.1500
Fixtures & Fittings
Reducing balance
0.1500
Motor Vehicles
Reducing balance
0.2500
Computer Equipment
Straight line
0.3333
89875
106635
1272
-18032
57934
61981
10233
-14280
89875
106635
1272
-18032
57934
61981
-14280
10233
Ordinary £1 shares
1
1
1
1
Ordinary 'A' £1 shares
1
1
1
1
Ordinary £1 shares
1
1
1
1
Ordinary 'A' £1 shares
1
1
1
1
During the year the company made advances totalling £114,036 to Mr Graham. Interest was charged at 3.25% on the advances which were repayable on demand. Mr Graham made repayments totalling £24,584 during the year. £89,452 was still outstanding at the year end.
2015-12-07
Mr P M Graham
true
true
true
true
xbrli:shares
iso4217:GBP
xbrli:pure
Graham Steel Erectors Limited
2014-09-01
2015-08-31
Graham Steel Erectors Limited
2013-09-01
2014-08-31
Graham Steel Erectors Limited
2013-08-31
Graham Steel Erectors Limited
2014-08-31
Graham Steel Erectors Limited
2014-08-31
Graham Steel Erectors Limited
2015-08-31
2016-02-04