Accounts filed on 05-04-2016
Accounts filed on 05-04-2016
trueHarry Marsh (Engineers) Limited010666852016-04-05195913119360061963131194000640004000196313119400061963131194000618572541824081500540552908235779423769898418151206045778001793001438179991644105877115925105877115925Basis 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 invoiced during the year, exclusive of Value Added Tax.
In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance
for obsolete and slow moving items.
Work in progress
Work in progress is valued on the basis of direct costs plus attributable overheads based on normal level of activity. Provision is made for any foreseeable losses where appropriate. No element of profit is included in the valuation of work in progress.
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 benefit pension scheme for employees. The assets of the scheme are
held separately from those of the company. The contributions to the scheme are charged to the profit and loss account
so as to spread the cost of pensions over the service lives of employees. Variations from the regular
costs are spread over the average expected remaining working lives of current members in the scheme.
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 & Machinery25% Reducing Balance0.2500Motor Vehicles25% Reducing Balance0.2500Equipment25% Reducing Balance0.25001183091116657316518107721410506482656611830911166573165181077214105064826566Ordinary £1 shares1000011000010000Ordinary £1 shares14000400040002016-06-06Mr S Coadytruetruetruetruexbrli:sharesiso4217:GBPxbrli:pureHarry Marsh (Engineers) Limited2015-04-062016-04-05Harry Marsh (Engineers) Limited2014-04-062015-04-05Harry Marsh (Engineers) Limited2014-04-05Harry Marsh (Engineers) Limited2015-04-05Harry Marsh (Engineers) Limited2015-04-05Harry Marsh (Engineers) Limited2016-04-05 2016-07-03
