true
Flynn & Mcgettrick Solicitors Limited
NI605637
2014-12-31
561770
454081
561772
454083
2
2
561772
454083
165462
0
727234
454083
409097
117782
1585785
1349043
1994882
1466825
453095
451483
260000
260000
1281787
755342
318137
336301
269750
286250
48387
50051
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.
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% Straight Line
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.
Plant & Machinery
Reducing Balance
0.1500
Fixtures & Fittings
Reducing Balance
0.1500
Motor Vehicles
Reducing Balance
0.2500
330000
330000
60250
43750
16500
88366
81436
6930
39979
31385
8594
418366
411436
6930
100229
75135
25094
Ordinary
2
1
2
2
Ordinary
1
2
2
2
2015-05-31
Mr B Blaney
Mrs A Caldwell
Director
true
true
true
true
xbrli:shares
iso4217:GBP
xbrli:pure
Flynn & Mcgettrick Solicitors Limited
2014-01-01
2014-12-31
Flynn & Mcgettrick Solicitors Limited
2013-01-01
2013-12-31
Flynn & Mcgettrick Solicitors Limited
2012-12-31
Flynn & Mcgettrick Solicitors Limited
2013-12-31
Flynn & Mcgettrick Solicitors Limited
2013-12-31
Flynn & Mcgettrick Solicitors Limited
2014-12-31
2015-06-18