Accounts filed on 31-07-2014
Accounts filed on 31-07-2014
trueQuasar Business Solutions Limited066613652014-07-3112948422812949422911129494229129494229-2252-128591426967457914044461720300043561374445736415201170881520117088Basis 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.
Fixed Assets
All fixed assets are initially recorded at cost.
Financial Instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.
Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
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.
Plant & Machineryreducing balance0.150025173243787959972729026822517324378795997272902682Ordinary1001100100Ordinary11112015-04-23Mrs J Evanstruetruetruetruexbrli:sharesiso4217:GBPxbrli:pureQuasar Business Solutions Limited2013-08-012014-07-31Quasar Business Solutions Limited2012-08-012013-07-31Quasar Business Solutions Limited2012-07-31Quasar Business Solutions Limited2013-07-31Quasar Business Solutions Limited2013-07-31Quasar Business Solutions Limited2014-07-31 2015-04-23
