Accounts filed on 30-06-2014
Accounts filed on 30-06-2014
trueB I Communications Limited017385782014-06-3020092267344400922267344200000200000400922267344301125411243103432145641180130528595084875255068853928105349040571853508755436804526468519233161711923316171Basis 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.
A geographical analysis of turnover is given below:
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.
Research and development
Research and development expenditure is written off in the year in which it is incurred, which amounted to £97,785 (2013 £52,693).
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.
Pension costs
The company operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the company. The annual contributions payable are charged to the profit and loss account.
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.Land & BuildingsStraight line0.1000Plant & MachineryReducing balance0.1500Fixtures & FittingsReducing balance0.2500Motor VehiclesReducing balance0.2500EquipmentReducing balance0.2500Website costsStraight line0.2000
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2273282199357393208095203764433122732821993573932080952037644331Ordinary2000001200000200000Ordinary12000002000002000002015-03-20Mr A E Bannistertruetruetruetruexbrli:sharesiso4217:GBPxbrli:pureB I Communications Limited2013-07-012014-06-30B I Communications Limited2012-07-012013-06-30B I Communications Limited2012-06-30B I Communications Limited2013-06-30B I Communications Limited2013-06-30B I Communications Limited2014-06-30 2015-03-20
