For the year ended 31 March 2016
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 09135391
| Notes to the Abbreviated Financial Statements |
ELITE FENCING LTD
For the year ended 31 March 2016
| The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015). |
| Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. |
| Deferred taxation arises when items are charged or credited in accounts in different periods to those in which they are included in the company's tax computations.Deferred tax is provided in full on timing differences that result in an obligation to pay more (or less) tax at a future date. Deferred tax is calculated at the average rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. The resulting deferred tax asset or liability is not discounted. |
| Proposed dividends are only included as liabilities in the financial statements when their payment has been |
| approved by the shareholders prior to the balance sheet date. |
| Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable. |
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| Notes to the Abbreviated Financial Statements |
ELITE FENCING LTD
For the year ended 31 March 2016
| 2 Intangible fixed assets |
11,995
11,995
1,400
2,399
Charge for year
3,799
8,196
10,595
17,187
575
17,762
1,623
2,811
Charge for year
4,434
13,328
15,564
| Allotted called up and fully paid |
2016
2015
| 4 Ordinary shares of £1.00 each |
4
4
4
4
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