Accounts filed on 19-10-2014

trueLonsdane Ltd049376322014-10-1925062839250728401125072840250728401769242251066528687589504297402725784923738418738418Basis 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). Changes in accounting policies In preparing the financial statements for the current year, the company has adopted the Financial Reporting Standard for Smaller Entities (effective April 2008). Changes in accounting policies In preparing the financial statements for the current year, the company has adopted the Financial Reporting Standard for Smaller Entities (effective January 2005), FRSSE 2005. FRSSE 2005 adopts the approach of FRS 25 to accounting for dividends on equity shares, that is dividends are debited to profit & loss reserves, rather than the profit and loss account for the year. The comparative figures have been restated to provide consistency in presentation. Turnover The turnover shown in the profit and loss account represents amounts invoiced during the year. In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion. Fixed Assets All fixed assets are initially recorded at cost. Financial Instruments Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.EquipmentReducing balance0.250030472481566230920632463047248156623092063246Ordinary1001100100Ordinary11112015-03-17Mr K Tzonevtruetruetruetruexbrli:sharesiso4217:GBPxbrli:pureLonsdane Ltd2013-10-202014-10-19Lonsdane Ltd2012-10-202013-10-19Lonsdane Ltd2012-10-19Lonsdane Ltd2013-10-19Lonsdane Ltd2013-10-19Lonsdane Ltd2014-10-19 2015-03-17