Accounts filed on 31-03-2016
Accounts filed on 31-03-2016
trueFairway Construction Limited007360702016-03-316667876369667787646910010066778764696677876469657557553925187286069094210414590582102604360154110239301023930Basis 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 for services rendered 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.
Fixed Assets
All fixed assets are initially recorded at cost.
Financial Instruments
Financial instruments are classified and accounted for, according to the substance of the contractual
arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual
interest in the assets of the company after deducting all of its liabilities.
Plant & MachineryReducing balance0.3333Fixtures & FittingsReducing balance0.1000Computer EquipmentStraight line0.25001479514545250137721361515714795145452501377213615157Ordinary 'A'5515555Ordinary 'B'4514545Ordinary 'A'1555555Ordinary 'B'14545452016-12-23Mr P J Clarketruetruetruetruexbrli:sharesiso4217:GBPxbrli:pureFairway Construction Limited2015-04-012016-03-31Fairway Construction Limited2014-04-012015-03-31Fairway Construction Limited2014-03-31Fairway Construction Limited2015-03-31Fairway Construction Limited2015-03-31Fairway Construction Limited2016-03-31 2016-12-23