true
Bluefield Limited
04612167
2015-12-31
40370
45014
42370
47014
2000
2000
42370
47014
3845
4483
46215
51497
22326
23392
49104
69281
71430
92673
43368
47579
22969
20383
5093
24711
23889
28105
23889
28105
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.
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.
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:
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 a discounted 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.
Financial Instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.
Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
Plant & Machinery
Reducing balance
0.1500
Fixtures & Fittings
Reducing balance
0.1500
Equipment
Straight line
0.2500
171866
171866
147977
143761
4216
171866
171866
147977
143761
4216
Ordinary Class A
2000
1
2000
2000
Ordinary Class B
1000
1
1000
1000
Ordinary Class C
1000
1
1000
1000
Ordinary Class D
1000
1
1000
1000
Ordinary Class E
1000
1
1000
1000
Ordinary Class A
1
1000
1000
1000
Ordinary Class B
1
1000
1000
1000
2016-09-12
Mr A Kirkman
Mr A Barraclough
Director
true
true
true
true
xbrli:shares
iso4217:GBP
xbrli:pure
Bluefield Limited
2015-01-01
2015-12-31
Bluefield Limited
2014-01-01
2014-12-31
Bluefield Limited
2013-12-31
Bluefield Limited
2014-12-31
Bluefield Limited
2014-12-31
Bluefield Limited
2015-12-31
2016-09-23