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Grahams Cartons Limited
05411868
2016-04-30
-281264
-296070
-191164
-205970
90100
90100
-191164
-205970
155866
185222
-35298
-20748
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361781
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227948
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122545
88063
122545
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
Turnover is the amount derived from the manufacturing of cardboard cartons, after trade discounts, other sales taxes and net of VAT.
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.
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
Straight line
0.1000
Fixtures & Fittings
Straight line
0.2000
Motor Vehicles
Reducing balance
0.2500
357555
357555
269492
235010
34482
357555
357555
269492
235010
34482
102000
123011
85159
99162
Ordinary
90100
1
90100
90100
Ordinary
1
90100
90100
90100
2017-01-05
Mr C E Graham
true
true
true
true
xbrli:shares
iso4217:GBP
xbrli:pure
Grahams Cartons Limited
2015-05-01
2016-04-30
Grahams Cartons Limited
2014-05-01
2015-04-30
Grahams Cartons Limited
2014-04-30
Grahams Cartons Limited
2015-04-30
Grahams Cartons Limited
2015-04-30
Grahams Cartons Limited
2016-04-30
2017-01-06