true
Pankhurst Haulage Limited
SC388308
343 3433 78
2016-03-31
176440
137717
176540
137817
100
100
176540
137817
7798
8019
0
2624
184338
148460
118350
75963
102283
119068
220633
195031
37290
65364
183343
129667
65988
72497
27000
32400
38988
40097
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
Turnover represents the value, net of value added tax and discounts, of work carried out in respect of services 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-10% straight line
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.
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not
reversed at the balance sheet date where transactions or events have occurred at that date that
will result in an obligation to pay more, or a right to pay less or to receive more tax, with
the following exceptions:
Provision is made for tax on gains arising from the revaluation (and similar fair value adjustments)
of fixed assets, and gains on disposal of fixed assets that have been rolled over into replacement
assets, only to the extent that, at the balance sheet date, there is a binding agreement to dispose
of the assets concerned. However, no provision is made where, on the basis of all available
evidence at the balance sheet date, it is more likely than not that the taxable gain will be rolled
over into replacement assets and charged to tax only where the replacement assets are sold.
Deferred tax assets are recognised only to the extent that the director considers that it is more
likely than not that there will be suitable taxable profits from which the future reversal of the
underlying timing differences can be deducted.
Deferred tax is measured on an undiscounted basis at the tax rates that are expected
to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or
substantively enacted at the balance sheet date.
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
Method for Fixtures & fittings
0.0000
Motor vehicles
Method for Motor vehicles
0.0000
54000
54000
27000
21600
5400
76543
64655
11888
37555
24558
12997
130543
118655
11888
64555
46158
18397
0
2624
Ordinary
100
1
100
100
Ordinary
1
100
100
100
2016-07-20
Mr G A Pankhurst
true
true
true
true
xbrli:shares
iso4217:GBP
xbrli:pure
Pankhurst Haulage Limited
2015-04-01
2016-03-31
Pankhurst Haulage Limited
2014-04-01
2015-03-31
Pankhurst Haulage Limited
2014-03-31
Pankhurst Haulage Limited
2015-03-31
Pankhurst Haulage Limited
2015-03-31
Pankhurst Haulage Limited
2016-03-31
2016-07-20