true
Equispec Limited
02709399
2016-04-05
631845
576247
631847
576249
1
1
1
1
631847
576249
631847
576249
127629
116144
227066
179738
354695
295882
237729
132913
5000
5000
111966
157969
504218
460105
69000
92000
435218
368105
Basis of accounting
The unaudited 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:
Franchise Licence - 20% per annum straight line
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.
Fixed Assets
All fixed assets are initially recorded at cost.
Land & Buildings
Method for Freehold property
0.0000
Motor Vehicles
Method for Motor vehicles
0.0000
Tools and equipment
Method for Equipment
0.0000
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
115000
115000
46000
23000
23000
709145
593215
115930
273927
225110
48817
824145
708215
115930
319927
248110
71817
Ordinary
1
1
1
1
Ordinary
1
1
1
1
2016-11-03
Mr D P Coghlan
true
true
true
true
xbrli:shares
iso4217:GBP
xbrli:pure
Equispec Limited
2015-04-06
2016-04-05
Equispec Limited
2014-04-06
2015-04-05
Equispec Limited
2014-04-05
Equispec Limited
2015-04-05
Equispec Limited
2015-04-05
Equispec Limited
2016-04-05
2016-11-04