1. Statutory Information |
GREYMOOR CONSTRUCTION LTD is a private company, limited by shares, registered in England and Wales, registration number 10665009. |
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2. Accounting Policies |
Basis of preparing the Financial Statements |
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. |
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Presentation Currency |
The accounts are presented in £ sterling. |
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Turnover |
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Turnover is recognised to the extent it is probable that economic benefit will flow to the company, and that it can be reliably measured. Turnover is measured at the fair value of consideration received or receivable, net of discounts, rebates, VAT and other sales taxes. Turnover from the provision of services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when the following conditions are satisfied:- the amount of turnover can be measured reliably;- it is probable that consideration due will be received;- the stage of completion of the contract at the reporting date can be measured reliably, and- the costs incurred, or to be incurred, can be measured reliably. Turnover recognised but not billed at the reporting date is treated as amounts recoverable on contracts due within one year. Where the outcome of a construction contract can be estimated reliably, contract costs and turnover are recognised by reference to the stage of completion at the balance sheet date. |
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