true
DMACWELD LIMITED
NI011737
2015-05-31
93444
66898
94145
67599
701
701
94145
67599
94145
67599
79740
52082
29469
19956
109209
72038
53231
30510
9500
8995
46478
32533
14405
15517
14405
15517
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 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
122258
125358
-3100
107853
109841
802
-2790
122258
125358
-3100
107853
109841
-2790
802
Ordinary
1000
1
1000
1000
Ordinary
1
701
701
701
2015-09-15
Mr D McPherson
Mr S McPherson
Director
true
true
true
true
xbrli:shares
iso4217:GBP
xbrli:pure
DMACWELD LIMITED
2014-06-01
2015-05-31
DMACWELD LIMITED
2013-06-01
2014-05-31
DMACWELD LIMITED
2013-05-31
DMACWELD LIMITED
2014-05-31
DMACWELD LIMITED
2014-05-31
DMACWELD LIMITED
2015-05-31
2015-09-19