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Bruce Bookmakers Limited
04671847
2016-03-31
-26450
-21555
-26350
-21455
100
100
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-21455
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664
-25686
-20791
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Basis of accounting
The financial statements have been prepared under the historical cost convention, and in accordance with applicable UK accounting standards.
The going concern basis has been used.
The directors expect the major creditors, because of the nature of their relationship with the company, to continue with their support for at least twelve months from the date of approval of the financial statements.
If the going concern basis were not appropriate, adjustments would have to be made to reduce the value of the assets to their recoverable amount, to restate fixed assets as current assets and to provide for any further liabilities that might arise.
Cash flow statement
The directors have taken advantage of the exemption in Financial Reporting Standard No 1 (Revised 1996) from including a cash flow statement in the financial statements on the grounds that the company is small.
Turnover
The turnover shown in the profit and loss account represents amounts invoiced during the year.
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:
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.
Fixtures & Fittings
Reducing balance basis
0.2000
Office Equipment
Reducing balance basis
0.2500
Leasehold Property
Over term of lease
0.0000
190929
190929
177309
172858
4451
190929
190929
177309
172858
4451
Ordinary
1
100
100
100
2020-01-20
Mr. S.P. Boost
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xbrli:shares
iso4217:GBP
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Bruce Bookmakers Limited
2015-04-01
2016-03-31
Bruce Bookmakers Limited
2014-04-01
2015-03-31
Bruce Bookmakers Limited
2014-03-31
Bruce Bookmakers Limited
2015-03-31
Bruce Bookmakers Limited
2015-03-31
Bruce Bookmakers Limited
2016-03-31