true
Paul Thomas Engineering Ltd
06117290
2015-03-31
10544
15017
10545
15018
1
1
10545
15018
10545
15018
-3609
-2115
13579
15748
9970
13633
2107
2881
7863
10752
14154
17133
12500
15000
1654
2133
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 years
Pension costs
The company operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the company. The annual contributions payable are charged to the profit and loss account.
Fixed Assets
All fixed assets are initially recorded at cost.
Financial Instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.
Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
Plant & Machinery
on a reducing balance
0.2500
Motor Vehicles
on a reducing balance
0.2500
Equipment
on a reducing balance
0.2500
25000
25000
12500
10000
2500
20021
20021
18367
17888
479
45021
45021
30867
27888
2979
Ordinary
1
1
1
1
Ordinary
1
1
1
1
Dividends paid to the director during the year were £33,000 (LY £40,500).
Balance sheet Spare note 99 (user defined)
DIRECTORS LOAN ACCOUNT
Movements on the Directors Loan account are as follows:-
2015-10-16
P R Thomas
true
true
true
true
xbrli:shares
iso4217:GBP
xbrli:pure
Paul Thomas Engineering Ltd
2014-04-01
2015-03-31
Paul Thomas Engineering Ltd
2013-04-01
2014-03-31
Paul Thomas Engineering Ltd
2013-03-31
Paul Thomas Engineering Ltd
2014-03-31
Paul Thomas Engineering Ltd
2014-03-31
Paul Thomas Engineering Ltd
2015-03-31
2015-10-19