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Avon Extinguishers Limited
04992632
2015-03-31
88639
79606
88743
79710
104
104
88743
79710
68083
81853
156826
161563
88932
82897
45341
43788
134273
126685
43719
57092
25659
26255
64895
43338
67894
78666
50000
55000
17894
23666
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.
Goodwill
Positive purchased goodwill arising on acquisitions is capitalised, classified as an asset on the Balance Sheet and amortised over its useful economic life. Where a reliable estimate of the useful
life of goodwill or intangible assets cannot be made, the life is presumed not to exceed five years. Useful
ecomonic lives are reviewed at the end of each reporting period and revised if necessary, subject to the
constraint that the revised life shall not exceed 20 years from the date of acquisition. The carrying amount
at the date of revision is depreciated over the revised estimate of remaining useful economic life.
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-5% straight line
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance
for obsolete and slow moving items.
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.
Financial Instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Plant & Machinery
15% reducing balance
0.0000
Fixtures & Fittings
15% reducing balance
0.0000
Motor Vehicles
25% reducing balance
0.0000
Equipment
25% reducing balance
0.0000
100000
100000
50000
45000
5000
44494
44494
26600
20828
5772
144494
144494
76600
65828
10772
Ordinary A
800
1
800
800
Ordinary B
50
1
50
50
Ordinary C
50
1
50
50
Ordinary D
50
1
50
50
Ordinary E
50
1
50
50
Ordinary A
1
101
101
101
Ordinary B
1
1
1
1
Ordinary C
1
1
1
1
Ordinary D
1
1
1
1
2015-09-25
Mr R.C. Pink
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xbrli:shares
iso4217:GBP
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Avon Extinguishers Limited
2014-04-01
2015-03-31
Avon Extinguishers Limited
2013-04-01
2014-03-31
Avon Extinguishers Limited
2013-03-31
Avon Extinguishers Limited
2014-03-31
Avon Extinguishers Limited
2014-03-31
Avon Extinguishers Limited
2015-03-31
2015-10-06