true
Blackwood Chainsaws Ltd
05506626
2015-03-31
248914
213388
249014
213488
100
100
249014
213488
6514
2675
255528
216163
162468
137193
71529
89319
233997
226512
18651
32607
186750
168250
28596
25655
93060
78970
60000
65000
33060
13970
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 April 2008).
Turnover
The turnover shown in the profit and loss account represents amounts invoiced during the year, 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-over 20 years
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.
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.
Plant & Machinery
Method for Plant & equipment
0.0000
Fixtures & Fittings
Method for Fixtures & fittings
0.0000
100000
100000
40000
35000
5000
58464
28764
29700
25404
14794
10610
158464
128764
29700
65404
49794
15610
Ordinary
1000
1
1000
1000
Ordinary
1
100
100
100
2015-12-04
Mr H Waters
true
true
true
true
xbrli:shares
iso4217:GBP
xbrli:pure
Blackwood Chainsaws Ltd
2014-04-01
2015-03-31
Blackwood Chainsaws Ltd
2013-04-01
2014-03-31
Blackwood Chainsaws Ltd
2013-03-31
Blackwood Chainsaws Ltd
2014-03-31
Blackwood Chainsaws Ltd
2014-03-31
Blackwood Chainsaws Ltd
2015-03-31
2015-12-10