true
DMACWELD LIMITED
NI011737
2016-05-31
90769
93444
91470
94145
701
701
91470
94145
91470
94145
73955
79740
20547
29469
94502
109209
28494
53231
8500
9500
57508
46478
17515
14405
17515
14405
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.
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.
Land & Buildings
Straight Line
0.0250
Plant & Machinery
Reducing Balance
0.2500
127401
122258
5143
109886
107853
2033
127401
122258
5143
109886
107853
2033
Ordinary
1000
1
1000
1000
Ordinary
1
701
701
701
2016-12-10
Mr D McPherson
Mr S McPherson
Director
true
true
true
true
xbrli:shares
iso4217:GBP
xbrli:pure
DMACWELD LIMITED
2015-06-01
2016-05-31
DMACWELD LIMITED
2014-06-01
2015-05-31
DMACWELD LIMITED
2014-05-31
DMACWELD LIMITED
2015-05-31
DMACWELD LIMITED
2015-05-31
DMACWELD LIMITED
2016-05-31
2016-12-13