1. Statutory Information |
STANLEY C BAKER AND SONS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 11172354. |
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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.The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities measured at fair value through profit and loss. The accounts have been prepared on a going concern basis as the Directors have no intention of removing their support from the company and therefore consider that the company can continue as a going concern. |
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Presentation Currency |
The accounts are presented in £ sterling. |
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Turnover |
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Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and Value Added Tax. Revenue from construction contracts is recognised by reference to the stage of completion of a transaction at the end of the reporting period, that the amount of revenue can be measured reliably, it is probable that the associated economic benefits will flow to the entity, and the costs incurred or to be incurred in respect of the transactions can be measured reliably. Where the outcome of construction contracts cannot be estimated reliably, revenue is recognised to the extent of contract costs incurred that is probable will be recoverable, and contract costs are recognised as an expense in the period in which they are incurred. |
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