Accounts filed on 31-03-2015
Accounts filed on 31-03-2015
trueCustom Ironcraft Limited037141572015-03-31-176666-176144-176664-17614222-176664-176142-176664-176142-177101-1766882167782163663967739678195581955820092200922728437546437546Basis 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).
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% straight line
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 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 balance0.2000Equipmentreducing balance0.2000120001200012000120001183411834113971128810923834238342339723288109Ordinary1000000110000001000000Ordinary12222015-12-15B Parktruetruetruetruexbrli:sharesiso4217:GBPxbrli:pureCustom Ironcraft Limited2014-04-012015-03-31Custom Ironcraft Limited2013-04-012014-03-31Custom Ironcraft Limited2013-03-31Custom Ironcraft Limited2014-03-31Custom Ironcraft Limited2014-03-31Custom Ironcraft Limited2015-03-31 2015-12-16
