true
Steri-Spray Limited
06290916
2015-06-30
-29261
-65208
113839
77892
1000
1000
142100
142100
113839
77892
51975
71285
165814
149177
-73618
-86946
163035
156366
89417
69420
15555
22107
49455
40669
24407
6644
239432
236123
237591
235956
1841
167
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.
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.
Development Costs
Intangible assets acquired separately from a business are capitalised at cost. Intangible assets acquired as part of an acquisition of a business are capitalised separately from goodwill if the fair
value can be measured reliably on initial recognition, subject to the constraint that, unless the asset
has a readily ascertainable market value, the fair value is limited to an amount that does not create or
increase any negative goodwill arising on the acquisition. Intangible assets, excluding development costs,
created within the business are not capitalised and expenditure is charged against profits in the year in
which it is incurred.
Intangible assets are amortised on a straight line basis over their estimated useful lives up to a maximum
of 20 years. The carrying value of intangible assets is reviewed for impairment at the end of the first full
year following acquisition and in other periods if events or changes in circumstances indicate the carrying
value may not be recoverable.
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance
for obsolete and slow moving items.
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.
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.
Plant & Machinery
Straight Line
0.2500
Computer Equipment
Straight Line
0.3300
237591
235956
1635
2594
250
2344
753
83
670
240185
236206
3979
753
83
670
29805
49085
Bank loans amounting to £463 are secured under a government guarantee scheme.
Bank loans amounting to £29,342 are secured by a fixed and floating charge over the undertaking & all its property andassets created on 1st December 2011..
Ordinary
1000000
1
1000000
1000000
Ordinary
1
1000
1000
1000
During the year Mr I S Helmore, a director and 100% shareholder, provided the company with a loan. The opening balance at 1st July 2014 was £22,200 and closing balance at 30th June 2015 was £22,170. The loan was not overdrawn at any point during the year. This amount is included within other creditors falling due after more than one year.
Included within creditors due within one year is £22,500 re unsecured floating rate loan notes purchased by I S Helmore. These loan notes will be redeemed by way of royalties on the sale of patented products sold by the company.
2016-03-11
Mr I S Helmore
true
true
true
true
xbrli:shares
iso4217:GBP
xbrli:pure
Steri-Spray Limited
2014-07-01
2015-06-30
Steri-Spray Limited
2013-07-01
2014-06-30
Steri-Spray Limited
2013-06-30
Steri-Spray Limited
2014-06-30
Steri-Spray Limited
2014-06-30
Steri-Spray Limited
2015-06-30
2016-03-11