true
Ty-Ffynnon Forge Ltd
05022255
2015-01-31
15586
-762
15588
-760
2
2
15588
-760
15588
-760
11939
-4600
8528
12628
20467
8028
9636
3223
1250
1500
9581
3305
3649
3840
2700
3000
949
840
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
3300
3000
300
10701
10223
478
9752
9383
369
16701
16223
478
13052
12383
669
Ordinary
2
1
2
2
Ordinary
1
2
2
2
2015-09-16
G C Pesticcio
true
true
true
true
xbrli:shares
iso4217:GBP
xbrli:pure
Ty-Ffynnon Forge Ltd
2014-02-01
2015-01-31
Ty-Ffynnon Forge Ltd
2013-02-01
2014-01-31
Ty-Ffynnon Forge Ltd
2013-01-31
Ty-Ffynnon Forge Ltd
2014-01-31
Ty-Ffynnon Forge Ltd
2014-01-31
Ty-Ffynnon Forge Ltd
2015-01-31
2015-09-16