true
CANNONCRAFT LIMITED
03829412
2016-08-31
227723
209099
227823
209199
100
100
227823
209199
227823
209199
121423
119058
64607
81730
186030
200788
102807
76005
7236
10935
75987
113848
106400
90141
1
1
106399
90140
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.
In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.
Goodwill
Positive purchased goodwill arising on acquisitions is capitalised, classified as an asset on the
Balance Sheet and amortised over its useful economic life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed five years. The carrying amount at the date of revision is depreciated over the revised estimate of remaining useful economic life.
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-10% 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 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.
Fixtures & Fittings
Reducing Balance
0.3300
Motor Vehicles
Reducing Balance
0.2500
Equipment
Reducing Balance
0.1500
25000
25000
24999
24999
284320
257476
26844
177921
167336
10585
309320
282476
26844
202920
192335
10585
Ordinary
1000
1
1000
1000
Ordinary
1
100
100
100
2017-04-21
A Fletcher
true
true
true
true
xbrli:shares
iso4217:GBP
xbrli:pure
CANNONCRAFT LIMITED
2015-09-01
2016-08-31
CANNONCRAFT LIMITED
2014-09-01
2015-08-31
CANNONCRAFT LIMITED
2014-08-31
CANNONCRAFT LIMITED
2015-08-31
CANNONCRAFT LIMITED
2015-08-31
CANNONCRAFT LIMITED
2016-08-31
2017-04-21