Accounts filed on 31-03-2016
Accounts filed on 31-03-2016
trueCockroft Timber Limited020726272016-03-313085732749543086732750541001003086732750544760321831343327827218882318186416004619788434886937974814026719957427715278131808871523611246109640812461096408Basis 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.
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance
for obsolete and slow moving items.
Pension costs
The company operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the company. The annual contributions payable are charged to the profit and loss account.
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the
balance sheet date where transactions or events have occurred at that date that will result in an obligation
to pay more, or a right to pay less or to receive more tax.
Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods
in which the timing differences reverse, based on tax rates and laws enacted or substantively enacted at the
balance sheet date.
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 & Machinerystraight line0.1000Motor Vehiclesstraight line0.250016593714794841440-23451413275154013238-2345116593714794841440-234514132751540-2345113238Ordinary1001100100Ordinary11001001002016-07-13H R Singletontruetruetruetruexbrli:sharesiso4217:GBPxbrli:pureCockroft Timber Limited2015-04-012016-03-31Cockroft Timber Limited2014-04-012015-03-31Cockroft Timber Limited2014-03-31Cockroft Timber Limited2015-03-31Cockroft Timber Limited2015-03-31Cockroft Timber Limited2016-03-31 2016-08-05
