Accounts filed on 31-12-2014
Accounts filed on 31-12-2014
trueForrestBrown Limited080043762014-12-31413477041357710010010041357710051771046534810045412610028192907360551002561220690830410850100112220112220Basis 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 April 2008).
Turnover
The turnover shown in the profit and loss account represents amounts invoiced during the period, 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.
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.
Office EquipmentStraight Line0.3330Computer Equipment - Cost B/FwdMethod for Fixed asset 70.00001578901578945670456715789015789456704567A Ordinary550055302500302500B Ordinary450045202500202500A Ordinary5555555500B Ordinary45454545002015-02-01Mr S Browntruetruetruetruexbrli:sharesiso4217:GBPxbrli:pureForrestBrown Limited2013-07-012014-12-31ForrestBrown Limited2013-04-012013-06-30ForrestBrown Limited2013-03-31ForrestBrown Limited2013-06-30ForrestBrown Limited2013-06-30ForrestBrown Limited2014-12-31 2015-02-05
