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BJP Taping and Jointing Limited
05260327
2014-10-31
78034
83083
78035
83084
1
1
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83084
3869
0
6667
0
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83084
46726
46163
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49919
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96082
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11288
18785
28687
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41845
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22500
30000
19345
6921
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 and classified as an asset on the Balance Sheet.
Goodwill is stated in the accounts at cost, less amortisation over 5 years.
This policy has been reviewed and updated in the current year.
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-20% SL
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.
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.
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
Reducing balance
0.1500
Motor Vehicles
Reducing balance
0.2500
Equipment
Reducing balance
0.2500
37500
37500
15000
7500
7500
40400
40111
20044
-19755
21055
33190
6135
-18270
77900
77611
20044
-19755
36055
40690
-18270
13635
Ordinary
1000
1
1000
1000
Ordinary
1
1
1
1
2015-07-02
Mr B J Purcell
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true
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iso4217:GBP
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BJP Taping and Jointing Limited
2013-11-01
2014-10-31
BJP Taping and Jointing Limited
2012-11-01
2013-10-31
BJP Taping and Jointing Limited
2012-10-31
BJP Taping and Jointing Limited
2013-10-31
BJP Taping and Jointing Limited
2013-10-31
BJP Taping and Jointing Limited
2014-10-31
2015-07-07