Accounts filed on 31-03-2015
Accounts filed on 31-03-2015
truePolaris Solutions Limited036533442015-03-31102503-563102505-56122102505-561102505-561100612-12025723972110517300990801424383203057187601893114640990918931555Basis 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.
Intangible Assets
Fixed asset investments are stated at cost less provision for any permanent diminution in value. For listed investments, market value is based on the closing middle market price. 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 balance0.3330Fixtures & FittingsReducing balance0.2000
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
09909-9909Market value of quoted investments is £nil (2014 - £131,622).
25808244531680-32523915228981126-10925808343621680-102342391522898-1091126Market value of quoted investments is £nil (2014 - £131,622).
Ordinary2122Ordinary1222During the year the directors advanced £nil (2014 - £17,349) to the company and the company paid expenses on behalf of the directors totalling £227 (2014 - £22,199). Transactions with directors are interest free, unsecured and repayable on demand.2015-12-07C A Barnicktruetruetruetruexbrli:sharesiso4217:GBPxbrli:purePolaris Solutions Limited2014-04-012015-03-31Polaris Solutions Limited2013-04-012014-03-31Polaris Solutions Limited2013-03-31Polaris Solutions Limited2014-03-31Polaris Solutions Limited2014-03-31Polaris Solutions Limited2015-03-31 2015-12-09
