Accounts filed on 31-03-2015
Accounts filed on 31-03-2015
trueUrban Sports Fitness Limited074745592015-03-313291030849330103094910010033010309491278704579730949-14998-19708217153633867171663003434478863501929684660795506576079550657Basis 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 the realisable value of work undertaken 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.
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 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.Plant & Machineryreducing balance0.2500Fixtures & Fittingsreducing balance0.1500Motor VehiclesMethod for Motor vehicles0.0000Leasehold Propertyreducing balance0.1000983777689121486375822623411348983777689121486375822623411348127870Ordinary1001100100Ordinary11001001002015-12-15T E Smithtruetruetruetruexbrli:sharesiso4217:GBPxbrli:pureUrban Sports Fitness Limited2014-04-012015-03-31Urban Sports Fitness Limited2013-04-012014-03-31Urban Sports Fitness Limited2013-03-31Urban Sports Fitness Limited2014-03-31Urban Sports Fitness Limited2014-03-31Urban Sports Fitness Limited2015-03-31 2015-12-22
