Accounts filed on 29-02-2016
Accounts filed on 29-02-2016
truePJ's Powder Coating Limited078808042016-02-291319128981419138981000100014191389833812336175726234-1932-86145750547619555733900541027281511850236012696849419504148481950414848Basis 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.
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.
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 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 liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet.
Plant & MachineryMethod for Plant & equipment0.0000Fixtures & FittingsMethod for Fixtures & fittings0.0000Motor VehiclesMethod for Motor vehicles0.000038860289109950193561406252943886028910995019356140625294Ordinary A9001900900Ordinary B1001100100Ordinary A1900900900Ordinary B11001001002016-08-22P J Harristruetruetruetruexbrli:sharesiso4217:GBPxbrli:purePJ's Powder Coating Limited2015-03-012016-02-29PJ's Powder Coating Limited2014-03-012015-02-28PJ's Powder Coating Limited2014-02-28PJ's Powder Coating Limited2015-02-28PJ's Powder Coating Limited2015-02-28PJ's Powder Coating Limited2016-02-29 2016-08-23
