Accounts filed on 30-06-2016
Accounts filed on 30-06-2016
trueRF Dinnie & Sons Contractors LimitedSC5093222016-06-30-6267-6167100-6167142158048-1400933397193881498244062205722057Basis 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, exclusive of Value Added Tax.
In respect of contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced in accordance with UITF 40. Turnover in respect of contracts for on-going services is recognised by reference to the stage of completion.
Hire purchase agreements
Assets held under hire purchase agreements are capitalised and disclosed under tangible fixed
assets at their fair value. The capital element of the future payments is treated as a liability and
the interest is charged to the profit and loss account on a straight line basis.
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not
reversed at the balance sheet date where transactions or events have occurred at that date that
will result in an obligation to pay more, or a right to pay less or to receive more tax, with
the following exceptions:
Provision is made for tax on gains arising from the revaluation (and similar fair value adjustments)
of fixed assets, and gains on disposal of fixed assets that have been rolled over into replacement
assets, only to the extent that, at the balance sheet date, there is a binding agreement to dispose
of the assets concerned. However, no provision is made where, on the basis of all available
evidence at the balance sheet date, it is more likely than not that the taxable gain will be rolled
over into replacement assets and charged to tax only where the replacement assets are sold.
Deferred tax assets are recognised only to the extent that the director considers that it is more
likely than not that there will be suitable taxable profits from which the future reversal of the
underlying timing differences can be deducted.
Deferred tax is measured on an undiscounted basis at the tax rates that are expected
to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or
substantively enacted at the balance sheet date.
Fixed Assets
All fixed assets are initially recorded at cost.
Going concern
At the balance sheet date the company has net current liabilities of £14,009. The director
is confident that the company will trade profitably in future periods and that the director
will continue to support the company. It is therefore considered appropriate to prepare the accounts
on the going concern basis.
Plant & MachineryReducing Balance0.2000Motor VehiclesReducing Balance0.2500234742347414171417234742347414171417Ordinary10011000Ordinary11001002017-03-15Mr R F Dinnietruetruetruetruexbrli:sharesiso4217:GBPxbrli:pureRF Dinnie & Sons Contractors Limited2015-06-252016-06-30RF Dinnie & Sons Contractors Limited2014-07-012015-06-24RF Dinnie & Sons Contractors Limited2014-06-30RF Dinnie & Sons Contractors Limited2015-06-24RF Dinnie & Sons Contractors Limited2015-06-24RF Dinnie & Sons Contractors Limited2016-06-30 2017-03-22
