true
Loomspun Limited
00879789
2016-03-31
193309
211405
193811
211907
502
502
193811
211907
193811
211907
184191
200994
38630
25218
222821
226212
17987
15292
204834
210920
9620
10913
9620
10913
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
Turnover represents the value of commissions received and services provided net of value added tax.
Pension costs
Contributions to the defined contribution pension scheme are charged to the profit and loss account
as they become payable.
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.
Land & Buildings
straight line
0.0200
Plant & Machinery
reducing balance
0.2000
Fixtures & Fittings
straight line
0.2500
Motorvehicles
reducing balance
0.2500
Assets and liabilities denominated in foreign currencies are translated at the rate of exchange
ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate of
exchange ruling at the date ot the transaction. Any differences are taken to the profit and loss
account.
73009
72586
427
-4
63389
61673
1716
73009
72586
427
-4
63389
61673
1716
Ordinary
1000
1
1000
1000
Ordinary
1
502
502
502
Parent company
The company is a wholly owned subsidiary of Loomspun Textile Sales Organisation Limited.
2017-02-24
E M Scott
J S M Scott
Director
true
true
true
true
xbrli:shares
iso4217:GBP
xbrli:pure
Loomspun Limited
2015-04-01
2016-03-31
Loomspun Limited
2014-04-01
2015-03-31
Loomspun Limited
2014-03-31
Loomspun Limited
2015-03-31
Loomspun Limited
2015-03-31
Loomspun Limited
2016-03-31
2017-03-17