Accounts filed on 31-07-2014
Accounts filed on 31-07-2014
trueJBW (Express) Limited058727132014-07-3125894726094922260949260949-3570-398174186713384827323773270675263830493038304930Basis 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.
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
Compound instruments
Compound instruments comprise both a liability and an equity component. At date of issue, the fair value of the liability component is estimated using the prevailing market interest rate for a similar debt instrument. The liability component is accounted for as a financial liability.
The residual is the difference between the net proceeds of issue and the liability component (at time of issue). The residual is the equity component, which is accounted for as an equity instrument.
The interest expense on the liability component is calculated applying the effective interest rate for the liability component of the instrument. The difference between this amount and any repayments is added to the carrying amount of the liability in the balance sheet.
Motor VehiclesMethod for Motor vehicles0.0000EquipmentMethod for Equipment0.0000156101561011780106801100156101561011780106801100Ordinary1000110001000Ordinary12222015-03-09J B Walterstruetruetruetruexbrli:sharesiso4217:GBPxbrli:pureJBW (Express) Limited2013-08-012014-07-31JBW (Express) Limited2012-08-012013-07-31JBW (Express) Limited2012-07-31JBW (Express) Limited2013-07-31JBW (Express) Limited2013-07-31JBW (Express) Limited2014-07-31 2015-03-09
