Accounts filed on 30-09-2014
Accounts filed on 30-09-2014
trueLangley Business Systems (Retail) Limited030904632014-09-307945498058127836146440714714469544695471471412783614644013768610330926552224974937632-148232302722108932679041960701330421254266945867493654043151227890264572227890264572Basis of accounting
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of certain fixed assets, 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.
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance
for obsolete and slow moving items.
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.
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 pensions scheme and the pension charge represents the amounts payable by the company to the fund in respect of the year.
Fixed Assets
All fixed assets are initially recorded at cost.
Plant & Machinery4 years0.0000Fixtures & Fittings7 years0.0000Motor Vehicles4 years0.0000Long Leasehold Property50 years0.000035966939285734295-6748313177912828528909-2541535966939285734295-67483131779128285-254152890913214492418Ordinary1000001100000100000Ordinary1714714714The director made loans to the company during the year. The loans are interest free. The balance outstanding as at 30th September 2014 was £32 (2013 £1,748).2015-02-12R.D. Coxtruetruetruetruexbrli:sharesiso4217:GBPxbrli:pureLangley Business Systems (Retail) Limited2013-10-012014-09-30Langley Business Systems (Retail) Limited2012-10-012013-09-30Langley Business Systems (Retail) Limited2012-09-30Langley Business Systems (Retail) Limited2013-09-30Langley Business Systems (Retail) Limited2013-09-30Langley Business Systems (Retail) Limited2014-09-30 2015-03-25
