Accounts filed on 31-03-2015
Accounts filed on 31-03-2015
trueAFR Enterprises LimitedSC3367332015-03-313877042029493887942040391090109038879420403910637891192609145258313966483247862682263955983513297203846195554896384023496977450110160972167096112779711284221125920112592018772502Basis 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.
In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.
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.
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.
Fixtures & Fittingson a reducing balance method0.2500Equipmenton a reducing balance method0.250016084571608457482537482537837183716494586962516168281616828489031488406625Ordinary1090110901090Ordinary11090109010902015-09-09Mr S Foxtruetruetruetruexbrli:sharesiso4217:GBPxbrli:pureAFR Enterprises Limited2014-04-012015-03-31AFR Enterprises Limited2013-04-012014-03-31AFR Enterprises Limited2013-03-31AFR Enterprises Limited2014-03-31AFR Enterprises Limited2014-03-31AFR Enterprises Limited2015-03-31 2015-09-17
