Accounts filed on 31-03-2015
Accounts filed on 31-03-2015
trueSend Technology Limited044848552015-03-313393332759453394832760951501503394832760953394832760953376492739674686453953384513327920301802812623782151473305512846471834212818342128Basis 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
Turnover represents the value, net of Value Added Tax, of goods sold and services provided to customers.
Stocks
Stocks are valued at the lower of cost and net realisable value. Net realisable value is based upon estimated selling price less further costs expected to be incurred to completion and disposal. Provision is made for obsolete and slow-moving items.
Fixed Assets
All fixed assets are initially recorded at cost.
EquipmentStraight Line0.2000
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.
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