Accounts filed on 31-03-2014
Accounts filed on 31-03-2014
truePetersfield Service Centre Limited083004602014-03-3138348310048330003483-15644462743063062863350209941912719127Basis 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
The turnover shown in the profit and loss account represents amounts receivable for goods and services provided during the period in the normal course of business, net of trade discounts, VAT and other sales and related taxes.
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance
for obsolete and slow moving items.
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.
Plant & Machineryreducing balance0.1000Fixtures & Fittingsreducing balance0.2500Motor Vehiclesreducing balance0.2500Equipmentstraight line0.33332620828858-2650708170812620828858-265070817081Ordinary17070Ordinary A13030Ordinary1707070Ordinary A13030302014-08-19Mr D E GeareyMr M W GeareyDirectorMr E P GeareyDirectortruetruetruetruexbrli:sharesiso4217:GBPxbrli:purePetersfield Service Centre Limited2012-11-202014-03-31Petersfield Service Centre Limited2012-04-012012-11-19Petersfield Service Centre Limited2012-03-31Petersfield Service Centre Limited2012-11-19Petersfield Service Centre Limited2012-11-19Petersfield Service Centre Limited2014-03-31 2014-08-19
