true
Mullet Ltd
06022904
2016-03-31
12979
16336
12985
16339
6
3
12985
16339
153
3363
0
12530
13138
32232
9965
15417
34292
37980
44257
53397
10082
42806
34175
10591
3173
16815
3173
16815
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.
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 at a constant rate of charge on the balance of capital repayments outstanding.
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax.
Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.
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.
Motor Vehicles
Reducing balance
0.2000
Equipment
straight line
0.3300
7177
28096
4212
-25131
4004
11281
1770
-9047
7177
28096
4212
-25131
4004
11281
-9047
1770
0
12530
A Ordinary shares
3
1
3
3
B Ordinary shares
3
1
3
0
A Ordinary shares
1
3
3
3
B Ordinary shares
1
3
3
During the year 3 B ordinary shares were issued and fully paid at par.
During the year the company made advances totalling £10,813 to Mr and Mrs Savage, the directors. Mr and Mrs Savage made repayments totalling £37,628 during the year. £10,082 was still outstanding at the year end.
2016-06-14
Mr K L Savage
true
true
true
true
xbrli:shares
iso4217:GBP
xbrli:pure
Mullet Ltd
2015-04-01
2016-03-31
Mullet Ltd
2014-04-01
2015-03-31
Mullet Ltd
2014-03-31
Mullet Ltd
2015-03-31
Mullet Ltd
2015-03-31
Mullet Ltd
2016-03-31
2016-12-07