Accounts filed on 31-01-2015
Accounts filed on 31-01-2015
trueLSG CAPITAL PROJECTS LTD050138622015-01-31-16190-21399-16188-2139722-16188-21397383485452855367297431458-471520-406699476778472272525865573500064897258676838817838157838817838157Basis 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
Turnover represents rent received.
GoodwillPositive purchased goodwill arising on acquisitions is capitalised, classified as an asset on the Balance Sheet and amortised over its useful economic life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed five years. Useful
ecomonic lives are reviewed at the end of each reporting period and revised if necessary, subject to the
constraint that the revised life shall not exceed 20 years from the date of acquisition. The carrying amount
at the date of revision is depreciated over the revised estimate of remaining useful economic life.Fixed Assets
Depreciation has not been provided on the freehold property as the Director considers the market value to be in excess of that shown on the balance sheet.
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