Accounts filed on 31-07-2014
Accounts filed on 31-07-2014
trueTailend Restaurant LtdSC3285532014-07-31-70351-78157-70349-7815522-70349-78155242155269562171806191407-483847-4763115116455043472779828036226582417051403866655653667718655653667718Basis 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).
These accounts have been prepared on the going concern basis. This basis may not be appropriate due to the deficit on the balance sheet at the period end. Should the Company be unable to continue trading, adjustments would have to be made to reduce the value of assets to their recoverable amount to provide for any further liabilities which may arise and to reclassify fixed assets and long term liabilities as current assets and liabilities. The Company is relying on the continued support of the Director.
Turnover
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.
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.
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.Plant & MachineryReducing Balance0.1500Improvements to PropertyMethod for Equipment0.00007712987712981156451035801206577129877129811564510358012065Ordinary A1111Ordinary B1111Ordinary A1111Ordinary B11112015-04-28Mr G Spinktruetruetruetruexbrli:sharesiso4217:GBPxbrli:pureTailend Restaurant Ltd2013-08-012014-07-31Tailend Restaurant Ltd2012-08-012013-07-31Tailend Restaurant Ltd2012-07-31Tailend Restaurant Ltd2013-07-31Tailend Restaurant Ltd2013-07-31Tailend Restaurant Ltd2014-07-31 2015-04-29
