true
Ty-Ffynnon Forge Ltd
05022255
2016-01-31
20631
15586
20633
15588
2
2
20633
15588
20633
15588
17601
11939
3872
8528
21473
20467
5002
9636
950
1250
15521
9581
3032
3649
2400
2700
632
949
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.
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-Amortised over 20 years
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance
for obsolete and slow moving items.
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
0.2500
Motor Vehicles
reducing balance
0.2500
Equipment
straight line
0.3330
6000
6000
3600
3300
300
10701
10701
10069
9752
317
16701
16701
13669
13052
617
Ordinary
2
1
2
2
Ordinary
1
2
2
2
2016-07-21
G C Pesticcio
true
true
true
true
xbrli:shares
iso4217:GBP
xbrli:pure
Ty-Ffynnon Forge Ltd
2015-02-01
2016-01-31
Ty-Ffynnon Forge Ltd
2014-02-01
2015-01-31
Ty-Ffynnon Forge Ltd
2014-01-31
Ty-Ffynnon Forge Ltd
2015-01-31
Ty-Ffynnon Forge Ltd
2015-01-31
Ty-Ffynnon Forge Ltd
2016-01-31
2016-07-22