Accounts filed on 30-06-2015
Accounts filed on 30-06-2015
trueMACH Investments Limited030742512015-06-30621403598386622003598986600600622003598986622003598986-344741-3780544133144024806857324426882252635975119163966744977040966744977040Basis 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.
Investment properties
No depreciation is provided in respect of the investment property although it is a general
requirement of the Companies Act 1985 to provide depreciation in respect of fixed assets having a
limited useful economic life. However this property is not held for consumption but for investment,
and the directors consider that systematic depreciation would be inappropriate. The accounting
policy adopted is therefore necessary for the financial statements to give a true and fair view.
Depreciation or amortisation is only one of many factors reflected in the annual valuation and the
amount which might otherwise have been shown cannot be separately identified or quantified.Operating lease agreements
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.
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 & Machinery15 % reducing balance0.0000Fixtures & Fittings15 % reducing balance0.000010508781050878841347383810296In the opinion of the directors the market value of the investment property at the balance sheet date is equivalent to cost.
10508781050878841347383810296
In the opinion of the directors the market value of the investment property at the balance sheet date is equivalent to cost.
Ordinary1000000110000001000000Ordinary16006006002015-10-07Mr A H M Wilsontruetruetruetruexbrli:sharesiso4217:GBPxbrli:pureMACH Investments Limited2014-07-012015-06-30MACH Investments Limited2013-07-012014-06-30MACH Investments Limited2013-06-30MACH Investments Limited2014-06-30MACH Investments Limited2014-06-30MACH Investments Limited2015-06-30 2015-11-27
