true
Phoenix Tools & Diamonds Ltd
07189079
2015-03-31
188582
150581
188682
150681
100
100
188682
150681
8522
12062
197204
162743
113626
56774
144113
102534
257739
159308
84461
74275
51068
35000
122210
50033
83578
105969
68000
81600
15578
24369
Accounting convention
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 over
the useful economic life of that asset as follows:
Goodwill-10 years amortisation
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance
for obsolete and slow moving items.
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 on a straight line basis.
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.
Motor Vehicles
Reducing balance
0.2500
Equipment
Reducing balance
0.2500
136000
136000
68000
54400
13600
49241
60616
-11375
33663
36247
5192
-7776
185241
196616
-11375
101663
90647
-7776
18792
Ordinary
100
1
100
100
Ordinary
1
100
100
100
2015-12-30
Mr B L Moore
true
true
true
true
xbrli:shares
iso4217:GBP
xbrli:pure
Phoenix Tools & Diamonds Ltd
2014-04-01
2015-03-31
Phoenix Tools & Diamonds Ltd
2013-04-01
2014-03-31
Phoenix Tools & Diamonds Ltd
2013-03-31
Phoenix Tools & Diamonds Ltd
2014-03-31
Phoenix Tools & Diamonds Ltd
2014-03-31
Phoenix Tools & Diamonds Ltd
2015-03-31
2015-12-30