Accounts filed on 31-07-2014
Accounts filed on 31-07-2014
trueEssex Memorials Limited046049172014-07-31215390172119215392172121111121539217212121539217212116479711616634161299741989581461401483318246910000100004062753671505955595521875243752872031580Basis 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 April 2008).
Turnover
The turnover shown in the profit and loss account represents amounts invoiced 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.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over
the useful economic life of that asset as follows:
Goodwill-over 20 years
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 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.Land & BuildingsStraight line0.0400Plant & Machinery10 - 25 % Straight line0.0000Fixtures & FittingsReducing balance0.2500Motor VehiclesReducing balance0.25005000050000281252562525001022791004591820735596887946801522791504591820101684945047180Ordinary1000110001000Ordinary11112014-11-14Mr P J Kingtruetruetruetruexbrli:sharesiso4217:GBPxbrli:pureEssex Memorials Limited2013-08-012014-07-31Essex Memorials Limited2012-08-012013-07-31Essex Memorials Limited2012-07-31Essex Memorials Limited2013-07-31Essex Memorials Limited2013-07-31Essex Memorials Limited2014-07-31 2014-11-21
