Accounts filed on 30-11-2016
Accounts filed on 30-11-2016
truePKS (Construction) Limited011900652016-11-3020513620215620913920615940034003209139206159199002195010453674023949223484913125412057529688429815642813841873115275212145923336518072042021116552108238114274108238114274Basis 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 and accrued during the year.
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.
Work in progress
Work in progress is calculated on the basis of costs incurred on specific contracts. If the ultimate profitability of the contract can be assessed with reasonable certainty, having made a prudent allowance for future costs, then profit is recognised in proportion to the contract work completed. Immediate provision is made for foreseeable losses.
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.
Pension costs
The company operates a money purchase pension scheme for directors. The assets of the scheme are held separately from those of the company. The annual contributions payable are charged to the profit and loss account.
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.
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.
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 & Machinery0.0000Fixtures & Fittings0.0000Motor Vehicles0.000023828121845219829130043104178258652382812184521982913004310417825865104536740Ordinary A shares3203132033203Ordinary B shares8001800800Ordinary A shares1320332033203Ordinary B shares18008008002017-08-30Mr P K Rowetruetruetruetruexbrli:sharesiso4217:GBPxbrli:purePKS (Construction) Limited2015-12-012016-11-30PKS (Construction) Limited2014-12-012015-11-30PKS (Construction) Limited2014-11-30PKS (Construction) Limited2015-11-30PKS (Construction) Limited2015-11-30PKS (Construction) Limited2016-11-30 2017-08-31
