true
A Better Build (Derby) Limited
08264610
2016-10-31
5148
10813
5248
10913
100
100
5248
10913
5248
10913
4346
9914
31393
31984
35739
41898
18864
20864
0
5665
16875
15369
902
999
902
999
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.
Work in progress
Work in progress is valued on the basis of direct costs plus attributable overheads based on normal level of activity. Provision is made for any foreseeable losses where appropriate. No element of profit is included in the valuation of work in progress.
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.
Compound instruments
Compound instruments comprise both a liability and an equity component. At date of issue, the fair value of the liability component is estimated using the prevailing market interest rate for a similar debt instrument. The liability component is accounted for as a financial liability.
The residual is the difference between the net proceeds of issue and the liability component (at time of issue). The residual is the equity component, which is accounted for as an equity instrument.
The interest expense on the liability component is calculated applying the effective interest rate for the liability component of the instrument. The difference between this amount and any repayments is added to the carrying amount of the liability in the balance sheet.
Equipment
Reducing Balance
0.2500
2369
2369
1467
1370
97
2369
2369
1467
1370
97
Ordinary
1000
1
1000
1000
Ordinary
1
100
100
100
2017-07-31
Mr D Studdard
true
true
true
true
xbrli:shares
iso4217:GBP
xbrli:pure
A Better Build (Derby) Limited
2015-11-01
2016-10-31
A Better Build (Derby) Limited
2014-11-01
2015-10-31
A Better Build (Derby) Limited
2014-10-31
A Better Build (Derby) Limited
2015-10-31
A Better Build (Derby) Limited
2015-10-31
A Better Build (Derby) Limited
2016-10-31
2017-07-31