true
Dave Chard Potatoes Limited
05531925
2016-08-31
191171
182837
191271
182937
100
100
191271
182937
191271
182937
119276
100868
77409
62998
196685
163866
16721
11949
5400
7480
174564
144437
71995
82069
45000
50000
26995
32069
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 January 2015).
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-20 years straight line basis
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance
for obsolete and slow moving items.
Operating lease agreements
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.
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 basis
0.1500
Motor Vehicles
Reducing balance basis
0.2500
100000
100000
55000
50000
5000
87756
87756
60761
55687
5074
187756
187756
115761
105687
10074
Ordinary
10000
1
10000
10000
Ordinary
1
100
100
100
2016-12-16
Mr D J Chard
true
true
true
true
xbrli:shares
iso4217:GBP
xbrli:pure
Dave Chard Potatoes Limited
2015-09-01
2016-08-31
Dave Chard Potatoes Limited
2014-09-01
2015-08-31
Dave Chard Potatoes Limited
2014-08-31
Dave Chard Potatoes Limited
2015-08-31
Dave Chard Potatoes Limited
2015-08-31
Dave Chard Potatoes Limited
2016-08-31
2016-12-19