Accounts filed on 31-07-2014
Accounts filed on 31-07-2014
trueStarmark Brands Ltd066171192014-07-3129045828719129055828729110010029055828729185752980033763103852943726553807102523926324539789464395517736134189140340350601801932670043655458436554584Basis 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 January 2015).
Turnover
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.
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.
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.
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.Fixtures & FittingsReducing Balance0.1500EquipmentReducing Balance0.200091239123546845399299123912354684539929Ordinary1000110001000Ordinary1100100100At the year ended 31 July 2014, the director owed the company £374 (2013 - £374). This loan is interest free and repayable on demand.2015-04-28Lynsey Handtruetruetruetruexbrli:sharesiso4217:GBPxbrli:pureStarmark Brands Ltd2013-08-012014-07-31Starmark Brands Ltd2012-08-012013-07-31Starmark Brands Ltd2012-07-31Starmark Brands Ltd2013-07-31Starmark Brands Ltd2013-07-31Starmark Brands Ltd2014-07-31 2015-04-28
