true
Nidderdale Poultry Products Limited
00786774
2015-01-31
311181
278901
316181
283901
5000
5000
316181
283901
9200
12400
325381
296301
193628
147628
233177
300125
426805
447753
294512
343943
19976
17593
112317
86217
131753
148673
131753
148673
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 is the revenue from the exchange of transactions from the supply of goods during the year, exclusive of value added tax.
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.
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, 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.
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.
Fixtures & Fittings
reducing balance
0.1000
Motor Vehicles
reducing balance
0.2500
307694
330884
69605
-92795
175941
182211
38015
-44285
307694
330884
69605
-92795
175941
182211
-44285
38015
Ordinary
100000
1
100000
100000
Ordinary
1
5000
5000
5000
Pensions
The company pays into a defined contribution pension scheme in respect of the directors and employees. The scheme and its assets are held by independent managers. The pension charge represents contributions due from the company and amounted to £74,000 (2014 £72,000).
Related party transactions and controlling interest
The property occupied by the company is owned by B Fryer and E M Fryer and no rent is paid.
Total dividends of £156,020 (2014: £144,000) were paid to the directors during the year.
The company is under the control of its directors, B Fryer, E M Fryer, C Kendall and I E Platts.
2015-10-15
B Fryer
true
true
true
true
xbrli:shares
iso4217:GBP
xbrli:pure
Nidderdale Poultry Products Limited
2014-02-01
2015-01-31
Nidderdale Poultry Products Limited
2013-02-01
2014-01-31
Nidderdale Poultry Products Limited
2013-01-31
Nidderdale Poultry Products Limited
2014-01-31
Nidderdale Poultry Products Limited
2014-01-31
Nidderdale Poultry Products Limited
2015-01-31
2015-10-23