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Smith Butler & Co Limited
05043708
2015-06-30
169868
165878
170868
166878
1000
1000
170868
166878
170868
166878
179
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142098
129575
142277
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107882
74571
0
170689
188571
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118150
80039
70421
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.
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-10% straight line
Hire purchase agreements
Assets held under hire purchase agreements are capitalised and disclosed under tangible fixed
assets at their fair value. The capital element of the future payments is treated as a liability and
the interest is charged to the profit and loss account on a straight line basis.
Fixed Assets
All fixed assets are initially recorded at cost.
Financial Instruments
Compound instruments
Compound instruments comprise both a liability and an equity component. At date of issue, the fair value of the liability component is estimated using the prevailing market interest rate for a similar debt instrument. The liability component is accounted for as a financial liability.
The residual is the difference between the net proceeds of issue and the liability component (at time of issue). The residual is the equity component, which is accounted for as an equity instrument.
The interest expense on the liability component is calculated applying the effective interest rate for the liability component of the instrument. The difference between this amount and any repayments is added to the carrying amount of the liability in the balance sheet.
Fixtures & Fittings
Method for Fixtures & fittings
0.0000
Motor Vehicles
Method for Motor vehicles
0.0000
Equipment
Method for Equipment
0.0000
357238
357238
266588
239088
27500
155516
134792
24574
-3850
75477
64371
12791
-1685
512754
492030
24574
-3850
342065
303459
-1685
40291
Ordinary
1000
1
1000
1000
Ordinary
1
1000
1000
1000
2016-03-24
Mrs S L Smith-Butler
true
true
true
true
xbrli:shares
iso4217:GBP
xbrli:pure
Smith Butler & Co Limited
2014-07-01
2015-06-30
Smith Butler & Co Limited
2013-07-01
2014-06-30
Smith Butler & Co Limited
2013-06-30
Smith Butler & Co Limited
2014-06-30
Smith Butler & Co Limited
2014-06-30
Smith Butler & Co Limited
2015-06-30
2016-03-24