true
Herron Smith Building Services Limited
06796187
2016-03-31
0
1
100
101
100
100
100
101
703
810
1088
2953
1891
3864
-26795
-27548
34134
46297
7339
18749
5814
14820
1525
3929
28686
31412
23550
25350
5136
6062
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-5% straight line
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 on a straight line basis.
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, with
the following exceptions:
Provision is made for tax on gains arising from the revaluation (and similar fair value adjustments)
of fixed assets, and gains on disposal of fixed assets that have been rolled over into replacement
assets, only to the extent that, at the balance sheet date, there is a binding agreement to dispose
of the assets concerned. However, no provision is made where, on the basis of all available
evidence at the balance sheet date, it is more likely than not that the taxable gain will be rolled
over into replacement assets and charged to tax only where the replacement assets are sold.
Deferred tax assets are recognised only to the extent that the directors consider that it is more
likely than not that there will be suitable taxable profits from which the future reversal of the
underlying timing differences can be deducted.
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
0.2500
Equipment
reducing balance
0.2500
36000
36000
12450
10650
1800
14457
13836
826
-205
9321
7774
1716
-169
50457
49836
826
-205
21771
18424
-169
3516
Ordinary
1000
1
1000
1000
Ordinary
1
100
100
100
2016-11-29
David Herron
Colin Smith
Director
true
true
true
true
xbrli:shares
iso4217:GBP
xbrli:pure
Herron Smith Building Services Limited
2015-04-01
2016-03-31
Herron Smith Building Services Limited
2014-04-01
2015-03-31
Herron Smith Building Services Limited
2014-03-31
Herron Smith Building Services Limited
2015-03-31
Herron Smith Building Services Limited
2015-03-31
Herron Smith Building Services Limited
2016-03-31
2016-12-08