Accounts filed on 31-10-2014
Accounts filed on 31-10-2014
trueSpikes & Curls Limited052589762014-10-31-4863-3022-3863-202210001000-3863-202237004402003314138178-131853468914620575961155137343394386281573445932832313342826731254565Basis 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 earned during the period, exclusive of Value Added Tax.
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% straight line method
Intellectual Property -useful economic life over 3 years
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance
for obsolete and slow moving items.
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.
Fixed Assets
All fixed assets are initially recorded at cost.
Leasehold PropertyStraight line0.200076000560002000044666277331693314405144051128098401440904057040520000559463757318373Ordinary1000110001000Ordinary11000100010002015-07-15Kelly Gennardtruetruetruetruexbrli:sharesiso4217:GBPxbrli:pureSpikes & Curls Limited2013-11-012014-10-31Spikes & Curls Limited2012-11-012013-10-31Spikes & Curls Limited2012-10-31Spikes & Curls Limited2013-10-31Spikes & Curls Limited2013-10-31Spikes & Curls Limited2014-10-31 2015-07-21
