Accounts filed on 31-03-2015
Accounts filed on 31-03-2015
trueFree Spirit (UK) Limited04623345812 6897 082015-03-31178674806717869480692217869480691786948069162014612927963137584416459887271282433517036355521668194016681940Basis 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).
Cash flow statement
Cash flow
The financial statements do not include a cash flow because the company, as a small reporting entity, is exempt from the requirement to prepare such a statement under 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 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.
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.EquipmentStraight Line0.2500113901080658497228866856113901080658497228866856Ordinary1000110001000Ordinary1222ULTIMATE CONTROLLING PARTY
The company was under the control of the Directors by virtue of their shareholdings2015-05-19Mrs K E StokesMr A W StokesDirectortruetruetruetruexbrli:sharesiso4217:GBPxbrli:pureFree Spirit (UK) Limited2014-04-012015-03-31Free Spirit (UK) Limited2013-04-012014-03-31Free Spirit (UK) Limited2013-03-31Free Spirit (UK) Limited2014-03-31Free Spirit (UK) Limited2014-03-31Free Spirit (UK) Limited2015-03-31 2015-05-19
