Accounts filed on 28-02-2015


trueSPACE PROPERTIES AND DESIGN LIMITED072401412015-02-2827282739202828274920100010002828274920282827492028277749201760181047962042951797163023041109046651740651339425050Basis of accounting The financial statements have been prepared under the historical cost convention, and in accordance with applicable UK accounting standards. Cash flow statement The directors have taken advantage of the exemption in Financial Reporting Standard No 1 (Revised 1996) from including a cash flow statement in the financial statements on the grounds that the company is small. Turnover The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax. Stocks Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. 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. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity. Equipmentreducing balance0.2500505505Ordinary1000110001000Ordinary11000100010002015-11-23E J RickwoodI RickwoodDirectortruetruetruetruexbrli:sharesiso4217:GBPxbrli:pureSPACE PROPERTIES AND DESIGN LIMITED2014-03-012015-02-28SPACE PROPERTIES AND DESIGN LIMITED2013-03-012014-02-28SPACE PROPERTIES AND DESIGN LIMITED2013-02-28SPACE PROPERTIES AND DESIGN LIMITED2014-02-28SPACE PROPERTIES AND DESIGN LIMITED2014-02-28SPACE PROPERTIES AND DESIGN LIMITED2015-02-28 2015-11-25