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Falkon Construction Limited
04622073
2016-03-31
-163427
-142421
-163425
-142419
2
2
-163425
-142419
-163425
-142419
-187804
-174855
232721
216703
44917
41848
6806
7763
38111
33011
0
1074
24379
32436
24379
32436
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.
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.
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 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
0.2000
Motor Vehicles
reducing balance
0.2500
59940
59940
35561
27504
8057
59940
59940
35561
27504
8057
Ordinary
2
1
2
2
Ordinary
1
2
2
2
2016-12-21
Mr A T Dalton
true
true
true
true
xbrli:shares
iso4217:GBP
xbrli:pure
Falkon Construction Limited
2015-04-01
2016-03-31
Falkon Construction Limited
2014-04-01
2015-03-31
Falkon Construction Limited
2014-03-31
Falkon Construction Limited
2015-03-31
Falkon Construction Limited
2015-03-31
Falkon Construction Limited
2016-03-31
2016-12-22