true
Somers House Limited
08396263
2016-02-29
40
-511
42
-509
2
2
42
-509
42
-509
-3165
-4282
7210
10573
4045
6291
750
750
3295
5541
3207
3773
3207
3773
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 and accrued during the year, exclusive of Value Added Tax.
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance
for obsolete and slow moving items.
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.
Fixtures & Fittings
Method for Fixtures & fittings
0.0000
4586
4586
1379
813
566
4586
4586
1379
813
566
Ordinary
2
1
2
2
Ordinary
1
2
2
2
Balance sheet Spare note 99 (user defined)
GOING CONCERN
The accounts have been prepared on a Going Concern basis, the deficit position of the Balance Sheet of £509 in 2015 has been rectified within the current period.
2016-08-17
David Johnson
true
true
true
true
xbrli:shares
iso4217:GBP
xbrli:pure
Somers House Limited
2015-03-01
2016-02-29
Somers House Limited
2014-03-01
2015-02-28
Somers House Limited
2014-02-28
Somers House Limited
2015-02-28
Somers House Limited
2015-02-28
Somers House Limited
2016-02-29
2016-08-18