Accounts filed on 30-04-2015
Accounts filed on 30-04-2015
trueL J Robson (Contracts) Limited062128702015-04-3068448152684681542268468154040068468554-3163-145958243550266120917507501911134110009100131000010000913Basis 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 amounts invoiced during the year.
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. Useful
ecomonic lives are reviewed at the end of each reporting period and revised if necessary, subject to the
constraint that the revised life shall not exceed 20 years from the date of acquisition. The carrying amount
at the date of revision is depreciated over the revised estimate of remaining useful economic life.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
Compound instruments
Compound instruments comprise both a liability and an equity component. At date of issue, the fair value of the liability component is estimated using the prevailing market interest rate for a similar debt instrument. The liability component is accounted for as a financial liability.
The residual is the difference between the net proceeds of issue and the liability component (at time of issue). The residual is the equity component, which is accounted for as an equity instrument.
The interest expense on the liability component is calculated applying the effective interest rate for the liability component of the instrument. The difference between this amount and any repayments is added to the carrying amount of the liability in the balance sheet.
Fixtures & FittingsMethod for Fixtures & fittings0.00001000010000133133124120410133101331241204Ordinary1000110001000Ordinary12222015-07-08Mr L J Robsontruetruetruetruexbrli:sharesiso4217:GBPxbrli:pureL J Robson (Contracts) Limited2014-05-012015-04-30L J Robson (Contracts) Limited2013-05-012014-04-30L J Robson (Contracts) Limited2013-04-30L J Robson (Contracts) Limited2014-04-30L J Robson (Contracts) Limited2014-04-30L J Robson (Contracts) Limited2015-04-30 2015-11-23
