Accounts filed on 31-01-2015
Accounts filed on 31-01-2015
trueElectrical Solutions (Scotland) LimitedSC2951652015-01-315552132585552332602255523326051095396161066184287651580816029869543740435027544556423622843882610001000113047573855038347165503834716Basis 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.
In respect of 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 contracts for on-going services is recognised by reference to the stage of completion.
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.
Fixed Assets
All fixed assets are initially recorded at cost.
Plant & MachineryMethod for Plant & equipment0.0000Fixtures & FittingsMethod for Fixtures & fittings0.0000Motor VehiclesMethod for Motor vehicles0.0000853145236542844-9895302761764918347-5720853145236542844-98953027617649-5720183475109539616Ordinary1001100100Ordinary12222015-03-27C Bryanttruetruetruetruexbrli:sharesiso4217:GBPxbrli:pureElectrical Solutions (Scotland) Limited2014-02-012015-01-31Electrical Solutions (Scotland) Limited2013-02-012014-01-31Electrical Solutions (Scotland) Limited2013-01-31Electrical Solutions (Scotland) Limited2014-01-31Electrical Solutions (Scotland) Limited2014-01-31Electrical Solutions (Scotland) Limited2015-01-31 2015-03-30
