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Claxton International Ltd
03448619
2016-03-31
30376
0
30476
100
100
100
30476
100
256
0
30732
100
-250550
100
251177
0
627
100
207
0
420
100
281282
0
280000
0
1282
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 January 2015).
Turnover
The turnover shown in the profit and loss account represents amounts invoiced during the period, 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
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not
reversed at the balance sheet date where transactions or events have occurred at that date that
will result in an obligation to pay more, or a right to pay less or to receive more tax, with
the following exceptions:
Provision is made for tax on gains arising from the revaluation (and similar fair value adjustments)
of fixed assets, and gains on disposal of fixed assets that have been rolled over into replacement
assets, only to the extent that, at the balance sheet date, there is a binding agreement to dispose
of the assets concerned. However, no provision is made where, on the basis of all available
evidence at the balance sheet date, it is more likely than not that the taxable gain will be rolled
over into replacement assets and charged to tax only where the replacement assets are sold.
Deferred tax assets are recognised only to the extent that the directors consider that it is more
likely than not that there will be suitable taxable profits from which the future reversal of the
underlying timing differences can be deducted.
Deferred tax is measured on an undiscounted basis at the tax rates that are expected
to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or
substantively enacted at the balance sheet date.
Fixed Assets
All fixed assets are initially recorded at cost.
Equipment
Reducing balance
0.2500
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
300000
0
300000
20000
0
20000
1986
0
1986
704
0
704
301986
0
301986
20704
0
20704
Ordinary A
1
60
60
60
Ordinary B
1
20
20
20
Ordinary C
1
20
20
20
2017-01-18
Mr R A Claxton
true
true
true
true
xbrli:shares
iso4217:GBP
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Claxton International Ltd
2014-11-01
2016-03-31
Claxton International Ltd
2013-11-01
2014-10-31
Claxton International Ltd
2013-10-31
Claxton International Ltd
2014-10-31
Claxton International Ltd
2014-10-31
Claxton International Ltd
2016-03-31
2017-01-31