Accounts filed on 31-03-2016


trueK C Skipp Plumbing & Heating Services Ltd094691312016-03-31366236721036723672-17326334741614849341121420998960011398Basis 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 period, exclusive of Value Added Tax. 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-over 5 years 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. 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. 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. Plant & MachineryMethod for Plant & equipment0.0000Motor VehiclesMethod for Motor vehicles0.00001200012000240024001519616211-1015379837982719628211-101561986198Ordinary11010Ordinary shares1101010The company acquired assets and trade of K C Skipp's sole trader business. The value of Goodwill acquired was £12,000.2016-12-02Mr K C Skipptruetruetruetruexbrli:sharesiso4217:GBPxbrli:pureK C Skipp Plumbing & Heating Services Ltd2015-03-032016-03-31K C Skipp Plumbing & Heating Services Ltd2014-04-012015-03-02K C Skipp Plumbing & Heating Services Ltd2014-03-31K C Skipp Plumbing & Heating Services Ltd2015-03-02K C Skipp Plumbing & Heating Services Ltd2015-03-02K C Skipp Plumbing & Heating Services Ltd2016-03-31 2016-12-02