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Peter Slade Fitted Interiors Limited
04629016
2015-05-31
-709
47
-708
48
1
1
-708
48
-708
48
-708
-441
2457
11784
1749
11343
1749
11064
0
279
0
489
0
489
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 period, 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.
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:
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.
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
0
2759
-2759
0
2270
-2270
0
2759
-2759
0
2270
-2270
Ordinary
1000
1
1000
1000
Ordinary
1
1
1
1
At the beginning of the year the director, Mr P Slade, owed the company £6,995 (2014 - £5,941). During the March and November 2014 he borrowed further funds from the company totalling £9,565. This loan was repaid in full between December 2014 and May 2015 and at the balance sheet date the company owed the director £1,002.
Interest was charged to the director at 3.25% per annum.
2015-08-04
Mr P Slade
true
true
true
true
xbrli:shares
iso4217:GBP
xbrli:pure
Peter Slade Fitted Interiors Limited
2014-03-01
2015-05-31
Peter Slade Fitted Interiors Limited
2013-03-01
2014-02-28
Peter Slade Fitted Interiors Limited
2013-02-28
Peter Slade Fitted Interiors Limited
2014-02-28
Peter Slade Fitted Interiors Limited
2014-02-28
Peter Slade Fitted Interiors Limited
2015-05-31
2015-08-11