Accounts filed on 31-03-2016
Accounts filed on 31-03-2016
trueBRIGHTWATER ENVIRONMENTAL LTD058378812016-03-3138961864939061874910010039061874939061874938277770450830101420891071091245439483658347132546678410457841045Basis 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.
Deferred taxation
Provision is made, under the liability method, to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes. Tax deferred or accelerated is accounted for in respect of all material timing differences to the extent that it is considered that a net liability may arise.
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.
Plant & MachineryReducing balance0.2500Office equipmentReducing balance0.2500
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
76757675689166302617675767568916630261Ordinary1001100100Ordinary11001001002016-12-16Mr A R FlightMrs A MaddisonDirectortruetruetruetruexbrli:sharesiso4217:GBPxbrli:pureBRIGHTWATER ENVIRONMENTAL LTD2015-04-012016-03-31BRIGHTWATER ENVIRONMENTAL LTD2014-04-012015-03-31BRIGHTWATER ENVIRONMENTAL LTD2014-03-31BRIGHTWATER ENVIRONMENTAL LTD2015-03-31BRIGHTWATER ENVIRONMENTAL LTD2015-03-31BRIGHTWATER ENVIRONMENTAL LTD2016-03-31 2016-12-20
