Accounts filed on 31-12-2013
Accounts filed on 31-12-2013
trueElectraquik Ltd036489342013-12-319616125999716126991001009716126995966979215682224914501815417694704122195151951736184014834679411181143371118114337Basis 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.
Hire purchase agreements
Assets held under hire purchase agreements are capitalised and disclosed under tangible fixed
assets at their fair value. The capital element of the future payments is treated as a liability and
the interest is charged to the profit and loss account on a straight line basis.
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.Plant & MachineryReducing balance0.2000Motor VehiclesReducing balance0.2500EquipmentReducing balance and straight line0.25002367023124546124898787370223670231245461248987873702Ordinary1000011000010000Ordinary11001001002014-08-19Mr M Fishertruetruetruetruexbrli:sharesiso4217:GBPxbrli:pureElectraquik Ltd2013-01-012013-12-31Electraquik Ltd2012-01-012012-12-31Electraquik Ltd2011-12-31Electraquik Ltd2012-12-31Electraquik Ltd2012-12-31Electraquik Ltd2013-12-31 2014-09-02
