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Derek Millar Electrical Limited
NI606838
2016-03-31
-2062
-6608
-2060
-6606
2
2
-2060
-6606
-2060
-6606
-26056
-36308
75408
86899
49352
50591
2799
982
46553
49609
23996
29702
7575
8080
16421
21622
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% Straight line
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
10 Reducing Balance
0.0000
Fixtures & Fittings
20 Reducing Balance
0.0000
Motor Vehicles
20 Reducing Balance
0.0000
Equipment
20 Reducing Balance
0.0000
10100
10100
2525
2020
505
27331
27551
-220
10910
5929
4981
37431
37651
-220
13435
7949
5486
Ordinary
2
1
2
2
Ordinary
1
2
2
2
2016-06-28
Mr D Millar
true
true
true
true
xbrli:shares
iso4217:GBP
xbrli:pure
Derek Millar Electrical Limited
2015-04-01
2016-03-31
Derek Millar Electrical Limited
2014-04-01
2015-03-31
Derek Millar Electrical Limited
2014-03-31
Derek Millar Electrical Limited
2015-03-31
Derek Millar Electrical Limited
2015-03-31
Derek Millar Electrical Limited
2016-03-31
2016-07-05