Accounts filed on 31-01-2016
Accounts filed on 31-01-2016
trueJubilee Caterers Ltd094555542016-01-3156145615156155615-96464985534553465796579Basis 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.
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 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 vehicles0.000082858285170617068285828517061706Ordinary1110Ordinary11112017-02-16Mr D Nuttalltruetruetruetruexbrli:sharesiso4217:GBPxbrli:pureJubilee Caterers Ltd2015-02-242016-01-31Jubilee Caterers Ltd2014-02-012015-02-23Jubilee Caterers Ltd2014-01-31Jubilee Caterers Ltd2015-02-23Jubilee Caterers Ltd2015-02-23Jubilee Caterers Ltd2016-01-31 2017-02-17
