true
Connolley & Company Limited
07321979
2015-03-31
15173
17031
15174
17032
1
1
15174
17032
15174
17032
6722
6723
1792679
1315573
1799401
1322296
13873
11688
1785528
1310608
8452
10309
8452
10309
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.
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
The charge for taxation takes into account, where material, taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that they will be recovered against the reversal of of deferred tax liabilities or other future taxable profits. Deferred taxation is measured on a non-discounted basis at the average tax rates that would apply when the timing differences are expected to reverse, based on tax laws that have been enacted by the balance sheet date.
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.
Compound instruments
Fixtures & Fittings
Method for Fixtures & fittings
0.0000
Office Equipment
Method for Equipment
0.0000
Leasehold Property Expenditure
Method for Leasehold property
0.0000
17400
17400
8948
7091
1857
17400
17400
8948
7091
1857
Ordinary
1
1
1
1
Ordinary
1
1
1
1
2016-03-30
Mrs S. Lelkes
true
true
true
true
xbrli:shares
iso4217:GBP
xbrli:pure
Connolley & Company Limited
2014-04-01
2015-03-31
Connolley & Company Limited
2013-04-01
2014-03-31
Connolley & Company Limited
2013-03-31
Connolley & Company Limited
2014-03-31
Connolley & Company Limited
2014-03-31
Connolley & Company Limited
2015-03-31
2016-03-31