Accounts filed on 31-03-2015
Accounts filed on 31-03-2015
trueBoshers Ltd029467942015-03-31446490454136446840454486350350446840454486142191742852000600005130595319144975431080858621189051356161499852836829075107248120910463305500834120138140898343167359936Basis 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 commissions and fees receivable.
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.
Amortisation
Amortisation is calculated so as to write off the cost of an asset over
the useful economic life of that asset as follows:
Goodwill-Over 20 years
Depreciation
The directors consider that the residual values of freehold land and buildings are equal to or greater than their carrying value. As such, any depreciation charge, whether cumulative or annual, would be immaterial to these accounts. 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 at the balance sheet date where transactions or events have occurred at that date that
will result in an obligation to pay more, or a right to pay less or to receive more tax, with
the following exceptions:
Provision is made for tax on gains arising from the revaluation (and similar fair value adjustments)
of fixed assets, and gains on disposal of fixed assets that have been rolled over into replacement
assets, only to the extent that, at the balance sheet date, there is a binding agreement to dispose
of the assets concerned. However, no provision is made where, on the basis of all available
evidence at the balance sheet date, it is more likely than not that the taxable gain will be rolled
over into replacement assets and charged to tax only where the replacement assets are sold.
Deferred tax assets are recognised only to the extent that the directors consider that it is more
likely than not that there will be suitable taxable profits from which the future reversal of the
underlying timing differences can be deducted.
Deferred tax is measured on an undiscounted basis at the tax rates that are expected
to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or
substantively enacted at the balance sheet date.
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 & Machinerystraight line0.2500Fixtures & Fittings20% reducing balance/5% straight line0.0000Office Equipmentreducing balance0.1000415000415000294862274102207604457674457671026008583116769The directors have not undertaken a revaluation policy on freehold property which continues to be stated at historical cost. 86076786076739746235993337529
The directors have not undertaken a revaluation policy on freehold property which continues to be stated at historical cost.
5200060000A legal charge over the company's assets was created on 6 September 2010 to Natwest Bank Plc. The capital on the bank loan is repayable over sixty months commencing August 2015.
Ordinary1000110001000Ordinary 'A' Non-Voting1000110001000Ordinary 'B' Non-Voting1000110001000Ordinary1100100100Ordinary 'A' Non-Voting1150150150Ordinary 'B' Non-Voting11001001002015-05-01Mr C Boshertruetruetruetruexbrli:sharesiso4217:GBPxbrli:pureBoshers Ltd2014-04-012015-03-31Boshers Ltd2013-04-012014-03-31Boshers Ltd2013-03-31Boshers Ltd2014-03-31Boshers Ltd2014-03-31Boshers Ltd2015-03-31 2015-06-01