true
Kirklands Law Limited
SC294759
2016-10-31
25082
66544
25282
66744
200
200
25282
66744
25282
66744
21996
63576
679715
366803
701711
430379
44106
47980
657605
382399
3286
3168
3286
3168
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 the invoiced value of services provided during the period, stated net of Value Added Tax.
Service revenues are recognised as those services are provided to customers.
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-20% straight line
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 instruments are classified and accounted for, according to the substance of the
contractual arrangement, as either financial assets, financial liabilities or equity instruments.
An equity instrument is any contract that evidences a residual interest in the assets of the
company after deducting all of its liabilities.
Plant & Machinery
Straight line
0.2500
Fixtures & Fittings
Straight line
0.2500
106000
106000
106000
106000
7433
5542
1891
4147
2374
1773
113433
111542
1891
110147
108374
1773
Ordinary 'A'
100
1
100
100
Ordinary 'B'
100
1
100
100
Ordinary 'A'
1
100
100
100
Ordinary 'B'
1
100
100
100
The pension fund of Mr Gibson, director, charged the company for the rent of the Perth premises
up until March 2016. Rent amounting to £4,000 was charged for this period (2015 - £12,000 for
the year). Mrs Gibson, the wife of the director, purchased the premises and charged the company
rent of £8,000 for the period from April 2016 to the end of the year.
A & D Properties, a business in which Mr Orme, director, is a partner, rent the Falkirk
premises to the company. Rent of £7,800 (2015 - £7,800) was charged for the year.
The company charged an associated company, Kirklands Business Solutions Limited, £10,000
(2015 - £10,000) for its share of common overheads and administrative support.
Kirklands Business Solutions Limited, an associated company, charged the Falkirk office
£11,886 (2015 - £9,093) for IT and accounting support.
At 31 October 2016, the company was owed £800 (2015 - £800) by Kirklands Business Solutions Limited, an associated company.
Mr Gibson, a director, and his wife, control Kirklands Business Solutions Limited.
The company charged Artl Limited £100 per month (2015 - £100 per month) for administrative
support. Mr Gibson, one of the directors, together with his wife, own half of the issued shares
in Artl Limited.
2017-06-30
G M Gibson
true
true
true
true
xbrli:shares
iso4217:GBP
xbrli:pure
Kirklands Law Limited
2015-11-01
2016-10-31
Kirklands Law Limited
2014-11-01
2015-10-31
Kirklands Law Limited
2014-10-31
Kirklands Law Limited
2015-10-31
Kirklands Law Limited
2015-10-31
Kirklands Law Limited
2016-10-31
2017-07-12