true
D E Andrews Fuels Limited
NI073065
2015-12-31
264932
190342
264933
190343
1
1
264933
190343
264933
190343
80493
34166
150809
154173
231302
188339
120176
134145
7725
1298
103401
52896
184440
156177
133200
141525
51240
14652
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.
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-over 20 years
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance
for obsolete and slow moving items.
Hire purchase agreements
Assets held under hire purchase agreements are capitalised and disclosed under tangible fixed
assets at their fair value. The capital element of the future payments is treated as a liability and
the interest is charged to the profit and loss account on a straight line basis.
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.
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.
Fixtures & Fittings
Straight Line
0.2500
Motor Vehicles
Reducing Balance
0.2500
166500
166500
33300
24975
8325
86817
48310
41107
-2600
35577
33658
2854
-935
253317
214810
41107
-2600
68877
58633
-935
11179
Ordinary
100000
1
100000
100000
Ordinary
1
1
1
1
2016-05-27
Mr D Andrews
true
true
true
true
xbrli:shares
iso4217:GBP
xbrli:pure
D E Andrews Fuels Limited
2015-01-01
2015-12-31
D E Andrews Fuels Limited
2014-01-01
2014-12-31
D E Andrews Fuels Limited
2013-12-31
D E Andrews Fuels Limited
2014-12-31
D E Andrews Fuels Limited
2014-12-31
D E Andrews Fuels Limited
2015-12-31
2016-06-29