Accounts filed on 31-03-2015
Accounts filed on 31-03-2015
trueNew World Energy Systems Ltd085649542015-03-31-1162136-116013822-11601385279-1108217-1372-18016718280299810029973750725264397264397Basis 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.
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.
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.
Fixed Assets
All fixed assets are initially recorded at cost.
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.Ofice Equipmentstraight line0.2500529529265132133529529265132133Ordinary share1112Ordinary B share1110Ordinary share1121Ordinary B share111During the year the ordinary shares were sub-divided into one ordinary share and one ordinary B share.
2015-06-25Mr S P Sjenitzertruetruetruetruexbrli:sharesiso4217:GBPxbrli:pureNew World Energy Systems Ltd2014-04-012015-03-31New World Energy Systems Ltd2013-06-112014-03-31New World Energy Systems Ltd2013-06-10New World Energy Systems Ltd2014-03-31New World Energy Systems Ltd2014-03-31New World Energy Systems Ltd2015-03-31 2015-07-20
