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Sussex Lighting (UK) Ltd
06271941
2016-03-31
303695
248958
303795
249058
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303795
249058
303795
249058
263540
240825
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8233
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.
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 provided in full on timing differences which result in an obligation at
the balance sheet date to pay more tax, or a right to pay less tax, at a future date, at
rates expected to apply when they crystallise based on current tax rates and law.
Deferred tax assets are recognised to the extent that it is regarded as more likely than not they will be recovered. Deferred tax assets and liabilities are not discounted.
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
0.2000
Fixtures & Fittings
Straight line
0.2000
Office Equipment
Straight line
0.3300
Improvements to leasehold property
Remaining life of the lease
0.0100
87028
55980
37771
-6723
46773
47747
5747
-6721
87028
55980
37771
-6723
46773
47747
-6721
5747
Ordinary
100000
1
100000
100000
Ordinary
1
100
100
100
2016-08-31
Mrs S Coe
Mr A Coe
Director
true
true
true
true
xbrli:shares
iso4217:GBP
xbrli:pure
Sussex Lighting (UK) Ltd
2015-04-01
2016-03-31
Sussex Lighting (UK) Ltd
2014-04-01
2015-03-31
Sussex Lighting (UK) Ltd
2014-03-31
Sussex Lighting (UK) Ltd
2015-03-31
Sussex Lighting (UK) Ltd
2015-03-31
Sussex Lighting (UK) Ltd
2016-03-31
2016-09-05