true
Explosive Productions Limited
05226014
2015-12-31
608900
556264
608910
556274
10
10
608910
556274
15639
13758
13428
38703
637977
608735
219758
192117
302310
316104
522068
508221
381377
290764
140691
217457
418219
416618
418219
416618
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.
Depreciation
No depreciation has been provided for on the freehold property as it is kept in a sound state of repair and in the opinion of the directors the residual value is so high and the useful economic life is so long that the depreciation charge would be immaterial.
Hire purchase agreements
Assets held under hire purchase agreements are capitalised and disclosed under tangible fixed
assets at their fair value. The capital element of the future payments is treated as a liability and
the interest is charged to the profit and loss account at a constant rate of charge on the balance of capital repayments outstanding.
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.
Pension costs
The company operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the company. The annual contributions payable are charged to the profit and loss account.
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.
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.
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.
Land & Buildings
straight line
0.1000
Motor Vehicles
reducing balance
0.2500
Equipment
straight line
0.2000
Fixtures and Fittings
reducing balance
0.2000
Computer Equipment
straight line
0.2500
702101
659476
42625
283882
242858
41024
702101
659476
42625
283882
242858
41024
13428
38703
The loans are secured on property owned by the company and personal guarantees supplied by the directors.
Ordinary shares
8
1
8
8
Ordinary B shares
2
1
2
2
Ordinary shares
1
8
8
8
Ordinary B shares
1
2
2
2
2016-03-08
Mr A P Sims
true
true
true
true
xbrli:shares
iso4217:GBP
xbrli:pure
Explosive Productions Limited
2015-01-01
2015-12-31
Explosive Productions Limited
2014-01-01
2014-12-31
Explosive Productions Limited
2013-12-31
Explosive Productions Limited
2014-12-31
Explosive Productions Limited
2014-12-31
Explosive Productions Limited
2015-12-31
2016-04-12