true
Kirklands Law Limited
SC294759
2015-10-31
66544
51382
66744
51582
200
200
66744
51582
66744
51582
63576
50101
366803
535544
430379
585645
47980
33753
382399
551892
3168
1481
3168
1481
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 the invoiced value of services provided during the period, stated net of Value Added Tax.
Service revenues are recognised as those services are provided to customers.
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-20% straight line
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 instruments are classified and accounted for, according to the substance of the
contractual arrangement, as either financial assets, financial liabilities or equity instruments.
An equity instrument is any contract that evidences a residual interest in the assets of the
company after deducting all of its liabilities.
Plant & Machinery
Straight line
0.2500
Fixtures & Fittings
Straight line
0.2500
106000
106000
106000
106000
5542
2467
3075
2374
986
1388
111542
108467
3075
108374
106986
1388
Ordinary 'A'
100
1
100
100
Ordinary 'B'
100
1
100
100
Ordinary 'A'
1
100
100
100
Ordinary 'B'
1
100
100
100
Mr Gibson's pension fund charged the company for the rent of the Perth premises. Rent
amounting to £12,000 was charged for the year (2014 - £12,000). The Falkirk premises are
rented from A & D Properties, a business in which Mr Orme is a partner. Rent of £7,800 was
charged for the year (2014 - £7,800).
The company charged an associated company, Kirklands Business Solutions Limited, £10,000
(2014 - £10,000) for its share of common overheads and administrative support.
Kirklands Business Solutions Limited, an associated company, charged the Falkirk office
£9,093 (2014 - £7,867) for IT and accounting support.
The company was owed £500 by Kirklands Business Solutions Limited, an associated company, at
31 October 2015 (2014 - £500).
Mr Gibson, a director, and his wife, control Kirklands Business Solutions Limited.
The company charged Artl Limited £100 per month for administrative support and a further
£1,200 for these services for the year ended 31 October 2014. Mr Gibson, one of the
directors, and his wife, own half of the issued shares in Artl Limited.
2016-06-30
A S Orme
true
true
true
true
xbrli:shares
iso4217:GBP
xbrli:pure
Kirklands Law Limited
2014-11-01
2015-10-31
Kirklands Law Limited
2013-11-01
2014-10-31
Kirklands Law Limited
2013-10-31
Kirklands Law Limited
2014-10-31
Kirklands Law Limited
2014-10-31
Kirklands Law Limited
2015-10-31
2016-07-18