true
The Finishing Components Company Limited
03385579
2015-12-31
44403
34516
44503
34616
100
100
44503
34616
16655
11381
61158
45997
36153
12114
34649
51313
70802
63427
50007
53327
9987
10100
10808
0
25005
33883
25005
33883
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 represents amounts invoiced during the year, exclusive of Value Added Tax.
In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.
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.
Operating lease agreements
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.
Fixed Assets
All fixed assets are initially recorded at cost.
Fixtures & Fittings
reducing balance
0.1500
Motor Vehicles
straight line
0.2500
Equipment
straight line
0.2000
44824
44404
420
19819
10521
9298
44824
44404
420
19819
10521
9298
11333
0
Ordinary
1000
1
1000
1000
Ordinary
1
100
100
100
2016-02-05
S Reading-Brown
true
true
true
true
xbrli:shares
iso4217:GBP
xbrli:pure
The Finishing Components Company Limited
2015-01-01
2015-12-31
The Finishing Components Company Limited
2014-01-01
2014-12-31
The Finishing Components Company Limited
2013-12-31
The Finishing Components Company Limited
2014-12-31
The Finishing Components Company Limited
2014-12-31
The Finishing Components Company Limited
2015-12-31
2016-02-05