Accounts filed on 31-12-2015
Accounts filed on 31-12-2015
trueThe Orchard Rutherford Building and Development Company Limited088194542015-12-31840366190184336622013003008433662201302463846386266482307603513059292706533882363310043428873287354534922692331231323312313Basis 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).
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.
In respect of long-term contracts and contracts for ongoing services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on going services is recognised by reference to the stage of completion.
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 directors consider 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.
All fixed assets are initially recorded at cost.
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.
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Fixtures & FittingsStraight line0.2500Motor VehiclesStraight line0.250039272927100015966149823927292710001596614982Ordinary A1303030Ordinary B1909090Ordinary C1909090Ordinary D1303030Ordinary E1303030Ordinary F13030302016-09-21Mr G R Orchardtruetruetruetruexbrli:sharesiso4217:GBPxbrli:pureThe Orchard Rutherford Building and Development Company Limited2015-01-012015-12-31The Orchard Rutherford Building and Development Company Limited2013-12-182014-12-31The Orchard Rutherford Building and Development Company Limited2013-12-17The Orchard Rutherford Building and Development Company Limited2014-12-31The Orchard Rutherford Building and Development Company Limited2014-12-31The Orchard Rutherford Building and Development Company Limited2015-12-312016-09-22