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Dixons Milk Ices Limited
07545772
2016-03-31
115603
75971
115703
76071
100
100
115703
76071
10500
8500
42351
29201
168554
113772
-159527
-210377
244658
271363
85131
60986
5234
2111
33810
38501
46087
20374
328081
324149
54183
65020
273898
259129
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.
Amortisation
Amortisation is calculated so as to write off the cost of an asset over
the useful economic life of that asset as follows:
Goodwill-10 years
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance
for obsolete and slow moving items.
Leasing and hire purchase commitments
Assets held under finance leases and hire purchase contracts are
capitalised in the balance sheet at their fair value and depreciated over
their expected useful lives. The interest element of leasing payments
represents a constant proportion of the capital balance outstanding and is
charged to the profit and loss account over the period of the lease.
All other leases are regarded as operating leases and the payments made
under them are charged to the profit and loss account on a straight line
basis over the lease term.
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.
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 the 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 the 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.
Land & Buildings
straight line
0.0200
Plant & Machinery
reducing balance
0.2000
MotorVehicles
reducing balance
0.2500
108368
108368
54185
43348
10837
442839
392796
50043
168941
133667
35274
551207
501164
50043
223126
177015
46111
Ordinary
100
1
100
100
Ordinary
1
100
100
100
Balance sheet Spare note 13 (user defined)
Secured liabilities
Secured indebtedness
Aggregate amount of secured liabilities at 31 March 2016 £56,576 (2015: £42,277).
2016-12-21
C W Cartwright
C Dixon
Director
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true
true
true
xbrli:shares
iso4217:GBP
xbrli:pure
Dixons Milk Ices Limited
2015-04-01
2016-03-31
Dixons Milk Ices Limited
2014-04-01
2015-03-31
Dixons Milk Ices Limited
2014-03-31
Dixons Milk Ices Limited
2015-03-31
Dixons Milk Ices Limited
2015-03-31
Dixons Milk Ices Limited
2016-03-31
2016-12-21