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Horsman Design Ltd
04518476
2016-09-30
55933
39255
55937
39259
4
4
55937
39259
973
1107
56910
40366
52046
34043
89454
69811
141500
103854
13500
21500
1500
3000
126500
79354
4864
6323
4864
6323
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.
In respect of long-term contracts, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts is recognised by the stage of completion.
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-10 Years
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance
for obsolete and slow moving items.
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 director considers 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.
Plant & Machinery
Method for Plant & equipment
0.0000
Fixtures & Fittings
Method for Fixtures & fittings
0.0000
Motor Vehicles
Method for Motor vehicles
0.0000
2000
2000
2000
2000
12989
12989
8125
6666
1459
14989
14989
10125
8666
1459
Ordinary
1000
1
1000
1000
Ordinary
1
4
4
4
2017-05-19
Mr N Horsman
true
true
true
true
xbrli:shares
iso4217:GBP
xbrli:pure
Horsman Design Ltd
2015-10-01
2016-09-30
Horsman Design Ltd
2014-10-01
2015-09-30
Horsman Design Ltd
2014-09-30
Horsman Design Ltd
2015-09-30
Horsman Design Ltd
2015-09-30
Horsman Design Ltd
2016-09-30
2017-06-20