true
Acres Dairy Limited
06820758
2015-03-31
-7236
948
-7136
1048
100
100
-7136
1048
296
433
-6840
1481
-8320
-682
14589
12052
6269
11370
889
6610
2637
1794
2743
2966
1480
2163
1480
2163
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 the invoice value of goods sold/services provided, net 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 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.
Going concern
The accounts have been prepared on a going concern basis as the directors will continue to make funds available to the company.
Fixtures & Fittings
straight line
0.1500
4559
4559
3079
2396
683
4559
4559
3079
2396
683
Ordinary
100
1
100
100
Ordinary
1
100
100
100
Included in debtors are the following amounts which are owed to the company from individuals who are directors of the company:
The balances last year represented advances in excess of wages and the amounts have been repaid this year. No interest was charged on these balances.
2015-12-21
Miss R L Littler
true
true
true
true
xbrli:shares
iso4217:GBP
xbrli:pure
Acres Dairy Limited
2014-04-01
2015-03-31
Acres Dairy Limited
2013-04-01
2014-03-31
Acres Dairy Limited
2013-03-31
Acres Dairy Limited
2014-03-31
Acres Dairy Limited
2014-03-31
Acres Dairy Limited
2015-03-31
2015-12-21