Accounts filed on 31-05-2016
Accounts filed on 31-05-2016
trueRaybone Construction Limited058033002016-05-3186574760138667476113100100866747611311960321196016128270612721291217891112121567341563682785232675801920014108250364250364895931081160917116091711609171160917Basis 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 the realisable value of work undertaken during the year, exclusive of Value Added Tax.
Investment properties
Investment properties are shown at their open market value. The surplus or deficit arising from the annual revaluation is transferred to the investment revaluation reserve unless a deficit, or its reversal, on an individual investment property is expected to be permanent, in which case it is recognised in the profit and loss account for the year.Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance
for obsolete and slow moving items.
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.
Computer EquipmentStraight line basis0.3300116131711613174004001161317116131740040011960321196016Ordinary1000110001000Ordinary11001001002017-02-27M J Raybonetruetruetruetruexbrli:sharesiso4217:GBPxbrli:pureRaybone Construction Limited2015-06-012016-05-31Raybone Construction Limited2014-06-012015-05-31Raybone Construction Limited2014-05-31Raybone Construction Limited2015-05-31Raybone Construction Limited2015-05-31Raybone Construction Limited2016-05-31 2017-02-27
