Accounts filed on 31-03-2015
Accounts filed on 31-03-2015
truePro-Heat Gas Services Limited072968332015-03-3143984491439944921143994492363300476247922949328919562619422511948325202502159502850404141311813150318131503Basis 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
Turnover is the total amount receivable by the company for goods supplied and services rendered, excluding VAT.
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.
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.
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.
Fixed Assets
All fixed assets are initially recorded at cost.
Financial Instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
Plant & Machineryreducing balance0.2000Equipmentreducing balance0.150037783159619196516563093778315961919651656309Ordinary1111Ordinary11112015-06-04Mr N A Boothtruetruetruetruexbrli:sharesiso4217:GBPxbrli:purePro-Heat Gas Services Limited2014-04-012015-03-31Pro-Heat Gas Services Limited2013-04-012014-03-31Pro-Heat Gas Services Limited2013-03-31Pro-Heat Gas Services Limited2014-03-31Pro-Heat Gas Services Limited2014-03-31Pro-Heat Gas Services Limited2015-03-31 2015-06-04
