true
Danro Coatings Limited
06268657
2015-06-30
174088
149306
175088
150306
1000
1000
175088
150306
175088
150306
128213
95119
1065760
1228812
1193973
1323931
830920
962470
51307
50678
311746
310783
46875
55187
46875
55187
Basis of accounting
The accounts 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 receivable 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.
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 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.
Plant & Machinery
reducing balances
0.1500
Fixtures & Fittings
reducing balances
0.1500
Computer Equipment
reducing balances
0.3300
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
79976
79976
33101
24789
8312
79976
79976
33101
24789
8312
ordinary
1000
1
1000
1000
ordinary
1
1000
1000
1000
2016-03-24
Mr J Armstrong-Breed
true
true
true
true
xbrli:shares
iso4217:GBP
xbrli:pure
Danro Coatings Limited
2014-07-01
2015-06-30
Danro Coatings Limited
2013-07-01
2014-06-30
Danro Coatings Limited
2013-06-30
Danro Coatings Limited
2014-06-30
Danro Coatings Limited
2014-06-30
Danro Coatings Limited
2015-06-30
2016-03-30