Accounts filed on 31-03-2015
Accounts filed on 31-03-2015
trueLlandaff Laminates Limited009296332015-03-3124332023002324342023012349495151243420230123568355849830025528862110578089387839159903755944939993142492634502138442533481854977291501944751992349729999217572518161790217625Basis 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).
Changes in accounting policies
In preparing the financial statements for the current year, the company has adopted the Financial Reporting Standard for Smaller Entities (effective April 2008).
There has been no change in policy as a result of the adoption of FRSSE 2005.
Turnover
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.
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-20 years on a straight line basis
Depreciation
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.
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 basis0.1500Fixtures & Fittingsreducing basis0.2500Motor Vehiclesreducing basis0.1500Leasehold Propertystraight line basis0.10001078010780105178826360136762198135290-5590442564244036426449-4117190217625139662116864038636686-55904426693441152-4117126712Ordinary1001100100Ordinary14949492015-08-04M A Phillipstruetruetruetruexbrli:sharesiso4217:GBPxbrli:pureLlandaff Laminates Limited2014-04-012015-03-31Llandaff Laminates Limited2013-04-012014-03-31Llandaff Laminates Limited2013-03-31Llandaff Laminates Limited2014-03-31Llandaff Laminates Limited2014-03-31Llandaff Laminates Limited2015-03-31 2015-08-04
