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Window Shading Systems Ltd
06998494
2016-08-31
14875
19055
14876
19056
1
1
14876
19056
8521
10984
6325
9775
29722
39815
-17385
-21104
173618
210919
156233
189815
121442
162563
34791
27252
47107
60919
4500
6000
42607
54919
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
Turnover represents the total value of sales made during the year, excluding 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% 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.
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.
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 director considers 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.
Fixtures & Fittings
Reducing Balance
0.2500
Motor Vehicles
Reducing Balance
0.2500
15000
15000
10500
9000
1500
114796
112906
1890
72189
57987
14202
129796
127906
1890
82689
66987
15702
Ordinary
1
1
1
1
Ordinary
1
1
1
1
2017-05-22
Mr L M Berry
true
true
true
true
xbrli:shares
iso4217:GBP
xbrli:pure
Window Shading Systems Ltd
2015-09-01
2016-08-31
Window Shading Systems Ltd
2014-09-01
2015-08-31
Window Shading Systems Ltd
2014-08-31
Window Shading Systems Ltd
2015-08-31
Window Shading Systems Ltd
2015-08-31
Window Shading Systems Ltd
2016-08-31
2017-05-24