Accounts filed on 31-01-2016
Accounts filed on 31-01-2016
trueJudson Timber Limited033073482016-01-3118394813687028394823687010000010000028394823687028394823687028394823687024587193143085352561842581371889915039867193Basis 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 consists of sales of woodlands completed during the year. A sale is recognised on the date ownership is transferred.
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance
for obsolete and slow moving items.
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. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.
Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
Ordinary1100000100000100000Bartholomew Partnership Ltd, a company in which Mrs Bartholomew and her husband are directors, supplied services to the company valued at £2,142 (2015 - £3,879).The company owed Mrs J Bartholomew £11,999 as at 31 January 2016 (2015 - £11,999). No interest is charged on this loan to the company and there is no fixed term for repayment. The company also owed Mr J Judson £2 as at the same date (2015 - £2). Likewise, no interest is charged on this loan and there is no fixed term for repayment.2016-10-05MRS J E BARTHOLOMEWtruetruetruetruexbrli:sharesiso4217:GBPxbrli:pureJudson Timber Limited2015-02-012016-01-31Judson Timber Limited2014-02-012015-01-31Judson Timber Limited2014-01-31Judson Timber Limited2015-01-31Judson Timber Limited2015-01-31Judson Timber Limited2016-01-31 2016-10-05
