Accounts filed on 31-03-2015
Accounts filed on 31-03-2015
trueVillage Maid Cheese Ltd038465282015-03-31732785934773280593492273280593497328059349-127107-18848131118929797818408210949748439401195692646869787172250920038724783074000129000126387118830Basis 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, 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-20% straight line
Stocks
Stocks are valued at the lower of cost or net realisable value, after making allowance for obsolete and out of date stock.
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.Land & BuildingsStraight line0.2000EquipmentReducing balance0.150027500027500020100014600055000152801133968188332641415138112764278014089681883322741416113866276Ordinary1000011000010000Ordinary12222015-08-05Mr Wigmoretruetruetruetruexbrli:sharesiso4217:GBPxbrli:pureVillage Maid Cheese Ltd2014-04-012015-03-31Village Maid Cheese Ltd2013-04-012014-03-31Village Maid Cheese Ltd2013-03-31Village Maid Cheese Ltd2014-03-31Village Maid Cheese Ltd2014-03-31Village Maid Cheese Ltd2015-03-31 2015-08-21
