Accounts filed on 30-04-2015
Accounts filed on 30-04-2015
trueSimon Welch Associates Ltd090072172015-04-30693169332693328172145809185602436926532171614051405Basis 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 recognised consistently with the right to receive consideration in exchange for the performance of supplying services.
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:
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.
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.
EquipmentMethod for Equipment0.33331873187346846818731873468468Ordinary1110Ordinary122Ordinary1222During the period, 2 ordinary £1 shares were issued at par.
During the period, the director received a dividend of £23,862.Control
During the period, the company was under the joint control of S Welch and S Welch by virtue of their holding of 50% each of the issued share capital.2015-07-29S Welchtruetruetruetruexbrli:sharesiso4217:GBPxbrli:pureSimon Welch Associates Ltd2014-04-232015-04-30Simon Welch Associates Ltd2013-05-012014-04-22Simon Welch Associates Ltd2013-04-30Simon Welch Associates Ltd2014-04-22Simon Welch Associates Ltd2014-04-22Simon Welch Associates Ltd2015-04-30 2015-08-03
