Accounts filed on 31-08-2014
Accounts filed on 31-08-2014
trueSpecialized Graphics Limited074298942014-08-31-14821-9585-14820-958411-14820-958464014049194-958449194-9584961184782588057519841993541251670020500112573Basis 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.
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance
for obsolete and slow moving items.
Work in progress
Work in progress is valued on the basis of direct costs plus attributable overheads based on normal level of activity. Provision is made for any foreseeable losses where appropriate. No element of profit is included in the valuation of work in progress.
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.
Finance lease agreements
Where the company enters into a lease which entails taking substantially all the risks and rewards
of ownership of an asset, the lease is treated as a finance lease. The asset is recorded in the
balance sheet as a tangible fixed asset and is depreciated in accordance with the above
depreciation policies. Future instalments under such leases, net of finance charges, are included within creditors. Rentals payable are apportioned between the finance element, which is charged to the profit and loss account on a straight line basis, and the capital element which reduces the outstanding obligation for future instalments.
Ordinary1111Ordinary11112015-05-27Mr S R Horrobintruetruetruetruexbrli:sharesiso4217:GBPxbrli:pureSpecialized Graphics Limited2013-09-012014-08-31Specialized Graphics Limited2012-09-012013-08-31Specialized Graphics Limited2012-08-31Specialized Graphics Limited2013-08-31Specialized Graphics Limited2013-08-31Specialized Graphics Limited2014-08-31 2015-05-29
