Accounts filed on 31-05-2014
Accounts filed on 31-05-2014
trueRagstone Estates Limited062348252014-05-31-9777-1644-9775-164222-9775-1642-9775-1642-22496-14197273682090648726709017354872497412721125555460588072616675Basis 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 year, exclusive of Value Added Tax.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over
the useful economic life of that asset as follows:
Goodwill-Over term of 20 years
Hire purchase agreements
Assets held under hire purchase agreements are capitalised and disclosed under tangible fixed
assets at their fair value. The capital element of the future payments is treated as a liability and
the interest is charged to the profit and loss account on a straight line basis.
Fixed Assets
All fixed assets are initially recorded at cost.
Fixtures & FittingsFixtures & Fittings-20% reducing balance0.0000Motor VehiclesMotor Vehicles-20% reducing balance0.0000EquipmentEquipment-20% reducing balance0.0000840084002940252042012340134407000-8100507967651336-302220740218407000-810080199285-30221756Ordinary1001100100Ordinary12222015-01-10Ashok Sharmatruetruetruetruexbrli:sharesiso4217:GBPxbrli:pureRagstone Estates Limited2013-06-012014-05-31Ragstone Estates Limited2012-06-012013-05-31Ragstone Estates Limited2012-05-31Ragstone Estates Limited2013-05-31Ragstone Estates Limited2013-05-31Ragstone Estates Limited2014-05-31 2015-03-03
