trueFinished Floors Limited045285952016-08-319540814295438145339543814536790132228145124359663774744056389905002284121998515007202907829317119792179119792179Basis 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 earned during the year, exclusive of Value Added Tax.
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance
for obsolete and slow moving items.
Pension costs
The company operates a defined contribution pension scheme for employees. 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.
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.
Motor Vehiclesp.a. reducing balance basis0.2500125001224512500-12245521100661066-10611125001224512500-1224552110066-106111066Ordinary2000012000020000Ordinary13332017-05-03Mr P A Johnstonetruetruetruetruexbrli:sharesiso4217:GBPxbrli:pureFinished Floors Limited2015-09-012016-08-31Finished Floors Limited2014-09-012015-08-31Finished Floors Limited2014-08-31Finished Floors Limited2015-08-31Finished Floors Limited2015-08-31Finished Floors Limited2016-08-31 2017-05-16