Accounts filed on 31-03-2014
Accounts filed on 31-03-2014
trueConstruction and Cladding Services Limited052717212014-03-3118630020630222206302206302-20115-20478303957398535283842378057881781183021838732596451179111020135267802013526780Basis 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 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.
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance
for obsolete and slow moving items.
Work in progress
Work in progress is valued on the basis of direct costs plus attributable overheads based on normal level of activity. Provision is made for any foreseeable losses where appropriate. No element of profit is included in the valuation of work in progress.
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 & MachineryReducing Balance0.2500Motor VehiclesReducing Balance0.2500EquipmentStraight Line0.3300753127442788555177476477530753127442788555177476477530Ordinary1000110001000Ordinary12222014-12-01Mr C J Toontruetruetruetruexbrli:sharesiso4217:GBPxbrli:pureConstruction and Cladding Services Limited2013-04-012014-03-31Construction and Cladding Services Limited2012-04-012013-03-31Construction and Cladding Services Limited2012-03-31Construction and Cladding Services Limited2013-03-31Construction and Cladding Services Limited2013-03-31Construction and Cladding Services Limited2014-03-31 2014-12-01
