true
South Wales Building & Construction Ltd
07319979
2016-07-31
113258
106352
113260
106354
2
2
113260
106354
6474
5432
16250
16250
135984
128036
104862
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348436
523044
449310
450132
335437
5200
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109273
31122
27162
31122
27162
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.
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 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.
Plant & Machinery
Method for Plant & equipment
0.0000
Motor Vehicles
Method for Motor vehicles
0.0000
110879
90281
20598
79757
63119
16638
110879
90281
20598
79757
63119
16638
Ordinary
1000
1
1000
1000
Ordinary
1
2
2
2
2017-04-25
Mr D Charles
true
true
true
true
xbrli:shares
iso4217:GBP
xbrli:pure
South Wales Building & Construction Ltd
2015-08-01
2016-07-31
South Wales Building & Construction Ltd
2014-08-01
2015-07-31
South Wales Building & Construction Ltd
2014-07-31
South Wales Building & Construction Ltd
2015-07-31
South Wales Building & Construction Ltd
2015-07-31
South Wales Building & Construction Ltd
2016-07-31
2017-04-28