true
M V Fabrications Ltd
08454780
2016-03-31
31256
38946
31356
39046
100
100
31356
39046
11163
12567
42519
51613
13082
12530
61807
40347
74889
52877
47897
18249
750
600
26242
34028
29437
39083
4240
6360
25197
32723
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, less its estimated residual value, over
the useful economic life of that asset as follows:
Goodwill-5 years straight line
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance
for obsolete and slow moving items.
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.
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.
Plant & Machinery
Method for Plant & equipment
0.0000
Motor Vehicles
Method for Motor vehicles
0.0000
10600
10600
6360
4240
2120
45056
43630
1426
19859
10907
8952
55656
54230
1426
26219
15147
11072
Ordinary
100
1
100
100
Ordinary
1
100
100
100
2016-08-10
Mr V Hamer
true
true
true
true
xbrli:shares
iso4217:GBP
xbrli:pure
M V Fabrications Ltd
2015-04-01
2016-03-31
M V Fabrications Ltd
2014-04-01
2015-03-31
M V Fabrications Ltd
2014-03-31
M V Fabrications Ltd
2015-03-31
M V Fabrications Ltd
2015-03-31
M V Fabrications Ltd
2016-03-31
2016-08-10