Accounts filed on 31-08-2016
Accounts filed on 31-08-2016
trueJardine Roofing LimitedSC3625212016-08-3119036014971619038014973620201903801497361393401639450368259149736-105886-1707728297019969177084289212658305575044926289247414516681372959040118600166813Basis 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 is recognised for the period to which the partnership profit share relates.
GoodwillPositive purchased goodwill arising on acquisitions is capitalised, classified as an asset on the
Balance Sheet and amortised over its useful economic life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed five years. The carrying amount at the date of revision is depreciated over the revised estimate of remaining useful economic life.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-5 years straight line
Depreciation
The company does not depreciate freehold property as this is kept in a sound state of repair and the value is considered to be higher than the net book value shown in the accounts.
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.
Pension costs
The company operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the company. The annual contributions payable are charged to the profit and loss account.
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.
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 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.
Investments
Investments held as fixed assets are stated at cost less provision for any permanent diminution in value.
Motor Vehiclesreducing balance0.2500Equipmentstraight line0.150091199091199182400182404384240438424372380372380166813-166813The investment is a capital account in a trading partnership.
529623166813529623-16681355478055478
The investment is a capital account in a trading partnership.
1639450Ordinary2012020Ordinary12020202017-05-26Mr I W Jardinetruetruetruetruexbrli:sharesiso4217:GBPxbrli:pureJardine Roofing Limited2015-09-012016-08-31Jardine Roofing Limited2014-09-012015-08-31Jardine Roofing Limited2014-08-31Jardine Roofing Limited2015-08-31Jardine Roofing Limited2015-08-31Jardine Roofing Limited2016-08-31 2017-05-31
