true
Euro Digital Systems Limited
06896938
2015-12-31
557531
506919
557532
506920
1
1
557532
506920
72975
120015
630507
626935
390583
341286
626723
260909
1017306
602195
700442
351391
239439
225500
77425
25304
239924
285649
109143
136429
130781
149220
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
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.
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-7 years 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.
Finance lease agreements
Where the company enters into a lease which entails taking substantially all the risks and rewards
of ownership of an asset, the lease is treated as a finance lease. The asset is recorded in the
balance sheet as a tangible fixed asset and is depreciated in accordance with the above
depreciation policies. Future instalments under such leases, net of finance charges, are included within creditors. Rentals payable are apportioned between the finance element, which is charged to the profit and loss account on a straight line basis, and the capital element which reduces the outstanding obligation for future instalments.
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.
Pension costs
The company operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the company. The annual contributions payable are charged to the profit and loss account.
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
Reducing balance
0.1500
Fixtures & Fittings
Straight line
0.2000
Motor Vehicles
Straight line
0.3000
Equipment
Straight line
0.3300
Leasehold Property
Straight line
0.1000
191000
191000
81857
54571
27286
394299
391056
53599
-50356
263518
241836
56522
-34840
585299
582056
53599
-50356
345375
296407
-34840
83808
72975
120015
Ordinary
1000
1
1000
1000
Ordinary
1
1
1
1
2016-09-30
Mr G Hussey
true
true
true
true
xbrli:shares
iso4217:GBP
xbrli:pure
Euro Digital Systems Limited
2015-01-01
2015-12-31
Euro Digital Systems Limited
2014-01-01
2014-12-31
Euro Digital Systems Limited
2013-12-31
Euro Digital Systems Limited
2014-12-31
Euro Digital Systems Limited
2014-12-31
Euro Digital Systems Limited
2015-12-31
2016-09-30