Accounts filed on 31-03-2015
Accounts filed on 31-03-2015
trueSpire Business Communications Ltd043630532015-03-3116393922164139242216413924164139241641392417946275941958731518133301213426451146361218238Basis 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 January 2015).
Turnover
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance
for obsolete and slow moving items.
Deferred taxation
The charge for taxation takes into account, where material, taxation deferred as a result of timing
differences between the treatment of certain items for taxation and accounting purposes. In general,
deferred taxation is recognised in respect of all timing differences that have originated but not reversed
at the balance sheet date. However, deferred tax assets are recognised only to the extent that the
directors consider that it is more likely than not that they will be recovered against the reversal
of deferred tax liabilities or other future taxable profits. Deferred taxation is measured on a
non-discounted basis at the average tax rates that would apply when the timing differences are
expected to reverse, based on tax rates and laws that have been enacted by the balance sheet date.
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.Ordinary1000110001000Ordinary1222Balance sheet Spare note 99 (user defined)GOING CONCERN
The accounts have been prepared on the going concern basis given the continuing support of the directors.2015-08-03Mr P.J. Valentinetruetruetruetruexbrli:sharesiso4217:GBPxbrli:pureSpire Business Communications Ltd2014-04-012015-03-31Spire Business Communications Ltd2013-04-012014-03-31Spire Business Communications Ltd2013-03-31Spire Business Communications Ltd2014-03-31Spire Business Communications Ltd2014-03-31Spire Business Communications Ltd2015-03-31 2015-08-14
