Accounts filed on 31-03-2014
Accounts filed on 31-03-2014
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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 realisable value of work undertaken 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.
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.
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.
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.Plant & Machineryreducing balance0.1500Fixtures & Fittingsreducing balance0.1500Motor Vehiclesreducing balance0.2500Office Portakabinreducing balance0.150048326645426629000381710356189255214832664542662900038171035618925521648222393Ordinary1000110001000Ordinary11000100010002014-11-27H M Noonetruetruetruetruexbrli:sharesiso4217:GBPxbrli:pureSupersheen (Midlands) Limited2013-04-012014-03-31Supersheen (Midlands) Limited2012-04-012013-03-31Supersheen (Midlands) Limited2012-03-31Supersheen (Midlands) Limited2013-03-31Supersheen (Midlands) Limited2013-03-31Supersheen (Midlands) Limited2014-03-31 2014-12-03
