true
Akitts Home Furnishings Ltd
05838267
256 2467 49
2016-08-31
-52950
-53473
-52850
-53373
100
100
-52850
-53373
-52850
-53373
-56467
-58810
179897
199514
123430
140704
17593
15530
94250
114805
11587
10369
3617
5437
3617
5437
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.
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 liabilities are classified and accounted for, according to the substance of the contractual arrangements,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 entity after deducting all of its financial liabilities.
Fixtures & Fittings
straight line
0.1000
Motor Vehicles
reducing balance
0.2500
32389
31771
618
28772
26334
2438
32389
31771
618
28772
26334
2438
Ordinary shares
49
1
49
49
A Ordinary shares
51
1
51
51
Ordinary shares
1
49
49
49
A Ordinary shares
1
51
51
51
2017-02-16
Ms J Cass
true
true
true
true
xbrli:shares
iso4217:GBP
xbrli:pure
Akitts Home Furnishings Ltd
2015-09-01
2016-08-31
Akitts Home Furnishings Ltd
2014-09-01
2015-08-31
Akitts Home Furnishings Ltd
2014-08-31
Akitts Home Furnishings Ltd
2015-08-31
Akitts Home Furnishings Ltd
2015-08-31
Akitts Home Furnishings Ltd
2016-08-31
2017-03-10