Accounts filed on 28-02-2015
Accounts filed on 28-02-2015
trueAR Hefford Limited061074452015-02-283634526036365262223636526236365262-10220-1016016432174116212725112103400500238511385615422120001300018562422Basis 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.
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:
Goodwill20 years straight line
Work in progress
Work in progress is valued on the basis of direct costs plus attributable overheads based on normal level of activity. Provision is made for any foreseeable losses where appropriate.
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.
Plant & MachineryReducing balance0.1500Motor VehiclesReducing balance0.2500200002000080007000100016375163751451913953566363753637522519209531566Ordinary1001100100Ordinary12222015-09-10Mr A R Heffordtruetruetruetruexbrli:sharesiso4217:GBPxbrli:pureAR Hefford Limited2014-03-012015-02-28AR Hefford Limited2013-03-012014-02-28AR Hefford Limited2013-02-28AR Hefford Limited2014-02-28AR Hefford Limited2014-02-28AR Hefford Limited2015-02-28 2015-09-18
