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| THE DUCK AT BURTLE LTD | | Company No. 11988469 |
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| Notes to the accounts |
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| 1 Statutory information |
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| The company is a private company, limited by shares and is registered in England and Wales. The address of the registered office is The Duck At Burtle, Station Road, Burtle, Bridgwater, TA7 8NU. |
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| 2 Accounting policies |
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| 2.1 Basis of preparation |
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| The accounts have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities and the Companies Act 2006. |
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| 2.2 Turnover |
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| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates and value added tax. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. |
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| 2.3 Tangible fixed assets |
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| Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
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| Land and buildings | | Straight line over the term of the lease |
| Plant and machinery | | over 4 years |
| Fixtures and fittings | | over 4 years |
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| 2.4 Stocks and work in progress |
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| Stocks have been valued at the lower of cost and estimated selling price less costs to complete and sell. |
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| 2.5 Taxation |
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| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. Current or deferred taxation assets and liabilities are not discounted. Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
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| 2.6 Deferred Tax |
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| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |