Accounts filed on 31-08-2014
Accounts filed on 31-08-2014
trueTranscab Limited042476642014-08-310483262483282224832801952485232287413712960753713134816794124563633722360019782019782Basis 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 the value of services supplied 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.
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.
Pension costs
The company operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the company. The annual contributions payable are charged to the profit and loss account.
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not
reversed by the balance sheet date.
Fixed Assets
All fixed assets are initially recorded at cost.
Financial Instruments
An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
Motor VehiclesReducing balance0.2500EquipmentReducing balance0.1500070741-70741050959-50959070741-70741050959-50959Ordinary1000110001000Ordinary12222014-09-01D A Maytruetruetruetruexbrli:sharesiso4217:GBPxbrli:pureTranscab Limited2013-09-012014-08-31Transcab Limited2012-09-012013-08-31Transcab Limited2012-08-31Transcab Limited2013-08-31Transcab Limited2013-08-31Transcab Limited2014-08-31 2015-05-22
