true
Aksawhney & Co Ltd
09358882
2015-12-31
44939
45039
100
45039
363
45402
43586
103077
146663
34388
112275
1816
1816
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.
The company accounts for Vat under the flat rate scheme.
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:
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 a discounted/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 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.
Equipment
Straight line
0.3333
2710
2710
894
894
2710
2710
894
894
Ordinary
100
1
100
0
Ordinary
1
100
100
Ordinary
1
100
100
100
Ordinary shares of £1 were issued at par during the year.
2016-09-12
Mr A K Sawhney
true
true
true
true
xbrli:shares
iso4217:GBP
xbrli:pure
Aksawhney & Co Ltd
2015-01-01
2015-12-31
Aksawhney & Co Ltd
2014-01-01
2014-12-31
Aksawhney & Co Ltd
2013-12-31
Aksawhney & Co Ltd
2014-12-31
Aksawhney & Co Ltd
2014-12-31
Aksawhney & Co Ltd
2015-12-31
2016-09-12