Accounts filed on 30-04-2014
Accounts filed on 30-04-2014
trueKarglen Contracts Limited015960332014-04-30315142617137699117945200200105985115128137699117945137699117945-46554-4233915687615477211032211243367697799344262532499184253160284184253160284Basis of accounting
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of certain fixed assets, 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.
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.
Depreciation
An amount equal to the excess of the annual depreciation charge on revalued assets over the notional historical cost depreciation charge on those assets is transferred annually from the revaluation reserve to the profit and loss reserve. Operating lease agreements
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.
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.
Plant & Machineryreducing balance0.1000Fixtures & Fittingsreducing balance0.1500Motor Vehiclesreducing balance0.2500Scaffold Equipmentreducing balance0.1000Leasehold PropertyMethod for Leasehold property0.000029250825149630130-1850127321082559121218509-146629250825149630130-18501273210825591212-146618509Ordinary2001200200Ordinary12002002002015-01-20Mr A A LooseMr J G LooseDirectortruetruetruetruexbrli:sharesiso4217:GBPxbrli:pureKarglen Contracts Limited2013-05-012014-04-30Karglen Contracts Limited2012-05-012013-04-30Karglen Contracts Limited2012-04-30Karglen Contracts Limited2013-04-30Karglen Contracts Limited2013-04-30Karglen Contracts Limited2014-04-30 2015-01-29
