Accounts filed on 31-03-2015

trueTen Words Ltd080104312015-03-31100694773191008947751920020010089477519100894775198696662532314453310811841195640721513312423870501069587527813928149877420848065086507Basis 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, inclusive of Value Added Tax, as the company used the Flat Rate Scheme for VAT. Flat Rate VAT paid is shown in financial costs. 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, less its estimated residual value, over the useful economic life of that asset as follows: Goodwill-10% reducing balance 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. 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. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity. Office EquipmentReducing balance0.15001060010600318021201060893083172831-2218242218101151-53919530189172831-221856023930-5392211Ordinary1001100100Non Voting A5015050Non Voting B5015050Ordinary1100100100Non Voting A1505050Non Voting B1505050Included within creditors is a balance of £413 (2014: £191) owed to the directors, Mr M Bretherton and Mrs T Bretherton, on their joint directors loan account. This balance is interest free with no set repayment terms.2015-07-02Mr M BrethertonMrs T A BrethertonDirectortruetruetruetruexbrli:sharesiso4217:GBPxbrli:pureTen Words Ltd2014-04-012015-03-31Ten Words Ltd2013-04-012014-03-31Ten Words Ltd2013-03-31Ten Words Ltd2014-03-31Ten Words Ltd2014-03-31Ten Words Ltd2015-03-31 2015-07-09