true
Oliver Penney Engineering Limited
08454740
2015-03-31
6730
1442
6930
1642
200
200
6930
1642
6930
1642
6638
1642
3097
2736
9735
4378
6054
987
500
0
3181
3391
292
0
292
0
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
Turnover represents amounts due for engineering services provided during the year.
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.
Equipment
Straight line
0.2000
389
0
389
97
0
97
389
0
389
97
0
97
Ordinary
10000
1
10000
10000
Ordinary
1
200
200
200
2015-12-24
OCJ Penney
true
true
true
true
xbrli:shares
iso4217:GBP
xbrli:pure
Oliver Penney Engineering Limited
2014-04-01
2015-03-31
Oliver Penney Engineering Limited
2013-03-21
2014-03-31
Oliver Penney Engineering Limited
2013-03-20
Oliver Penney Engineering Limited
2014-03-31
Oliver Penney Engineering Limited
2014-03-31
Oliver Penney Engineering Limited
2015-03-31
2015-12-24