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Bryan Morley Electrical Limited
04827905
827 3781 05
2016-07-31
66814
62947
66815
62948
1
1
66815
62948
1253
1670
68068
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61349
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89982
75000
13590
57510
76392
6719
8902
6719
8902
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 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.
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.
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
Motor Vehicles
Straight line
0.2500
Equipment
Reducing balance
0.1500
Computer
Reducing balance
0.3300
24884
24884
18165
15982
2183
24884
24884
18165
15982
2183
Ordinary
1000
1
1000
1000
Ordinary
1
1
1
1
2017-04-27
Mr B Morley
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true
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xbrli:shares
iso4217:GBP
xbrli:pure
Bryan Morley Electrical Limited
2015-08-01
2016-07-31
Bryan Morley Electrical Limited
2014-08-01
2015-07-31
Bryan Morley Electrical Limited
2014-07-31
Bryan Morley Electrical Limited
2015-07-31
Bryan Morley Electrical Limited
2015-07-31
Bryan Morley Electrical Limited
2016-07-31
2017-04-28