Accounts filed on 05-04-2015
Accounts filed on 05-04-2015
trueEquispec Limited027093992015-04-0557624747985457624947985611115762494798565762494798561161441694501797389618229588226563213291314803150005000157969112601460105310406920000368105310406Basis of accounting
The unaudited 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:
Franchise Licence - 20% per annum straight line
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance
for obsolete and slow moving items.
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.
Fixed Assets
All fixed assets are initially recorded at cost.
Land & BuildingsMethod for Freehold property0.0000Motor VehiclesMethod for Motor vehicles0.0000Tools and equipmentMethod for Equipment0.0000115000011500023000023000593215500621925942251101902153489570821550062120759424811019021557895Ordinary1111Ordinary11112015-10-26Mr D P Coghlantruetruetruetruexbrli:sharesiso4217:GBPxbrli:pureEquispec Limited2014-04-062015-04-05Equispec Limited2013-04-062014-04-05Equispec Limited2013-04-05Equispec Limited2014-04-05Equispec Limited2014-04-05Equispec Limited2015-04-05 2015-10-27
