true
Duggan & McDonald Inn's Ltd
NI619774
2015-08-31
15227
12198
15229
12200
2
2
15229
12200
132869
138049
148098
150249
-80156
-90777
90447
102877
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5100
3600
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228254
241026
228254
241026
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.
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.
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
Compound instruments comprise both a liability and an equity component. At date of issue, the fair value of the liability component is estimated using the prevailing market interest rate for a similar debt instrument. The liability component is accounted for as a financial liability.
The residual is the difference between the net proceeds of issue and the liability component (at time of issue). The residual is the equity component, which is accounted for as an equity instrument.
The interest expense on the liability component is calculated applying the effective interest rate for the liability component of the instrument. The difference between this amount and any repayments is added to the carrying amount of the liability in the balance sheet.
Plant & Machinery
Reducing Balance
0.0025
Motor Vehicles
Reducing Balance
0.0025
231005
243338
-12333
2751
2312
2751
-2312
231005
243338
-12333
2751
2312
-2312
2751
Ordinary
2
1
2
2
Ordinary
1
2
2
2
2016-07-11
Mr T Mc Donald
true
true
true
true
xbrli:shares
iso4217:GBP
xbrli:pure
Duggan & McDonald Inn's Ltd
2014-09-01
2015-08-31
Duggan & McDonald Inn's Ltd
2013-08-09
2014-08-31
Duggan & McDonald Inn's Ltd
2013-08-08
Duggan & McDonald Inn's Ltd
2014-08-31
Duggan & McDonald Inn's Ltd
2014-08-31
Duggan & McDonald Inn's Ltd
2015-08-31
2016-07-11