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Doves Garages Limited
01377224
2016-08-31
1733
21994
26733
46994
25000
25000
26733
46994
8847
10193
4172
9378
39752
66565
-11906
15601
132593
140707
120687
156308
33183
38842
65638
84439
21866
33027
51658
50964
51658
50964
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.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over
the useful economic life of that asset as follows:
Goodwill-12.5 years
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance
for obsolete and slow moving items.
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.
Land & Buildings
Straight line basis
0.1000
Plant & Machinery
Reducing balance basis
0.1000
Fixtures & Fittings
Straight line basis
0.1000
Motor Vehicles
Straight line basis
0.2500
Equipment
Straight line basis
0.3333
25000
25000
25000
25000
218200
209150
9550
-500
166542
158186
8481
-125
243200
234150
9550
-500
191542
183186
-125
8481
A Ordinary
11500
1
11500
11500
B Ordinary
1500
1
1500
1500
C Ordinary
6000
1
6000
6000
D Ordinary
6000
1
6000
6000
A Ordinary
1
11500
11500
11500
B Ordinary
1
1500
1500
1500
C Ordinary
1
6000
6000
6000
D Ordinary
1
6000
6000
6000
2016-12-01
Mr N D Jackson
true
true
true
true
xbrli:shares
iso4217:GBP
xbrli:pure
Doves Garages Limited
2015-09-01
2016-08-31
Doves Garages Limited
2014-09-01
2015-08-31
Doves Garages Limited
2014-08-31
Doves Garages Limited
2015-08-31
Doves Garages Limited
2015-08-31
Doves Garages Limited
2016-08-31
2016-12-22