Accounts filed on 30-06-2015
Accounts filed on 30-06-2015
trueBEMAC TRAINING LIMITEDNI0435352015-06-302898633223289883322522289883322529932072928736432197612525356302559717606381224695037516565406039202095261117911952511178Basis 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.
GoodwillPositive purchased goodwill arising on acquisitions is capitalised, classified as an asset on the Balance Sheet and amortised over its useful economic life. Where a reliable estimate of the useful
life of goodwill or intangible assets cannot be made, the life is presumed not to exceed five years. Useful
ecomonic lives are reviewed at the end of each reporting period and revised if necessary, subject to the
constraint that the revised life shall not exceed 20 years from the date of acquisition. The carrying amount
at the date of revision is depreciated over the revised estimate of remaining useful economic life.Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over
the useful economic life of that asset as follows:
Goodwill-20% Straight Line
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance
for obsolete and slow moving items.
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 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.
Fixtures & FittingsReducing Balance0.2000Course ManualsReducing Balance0.2000Leasehold PropertyStraight Line0.100033014330143301333013355193479172825994236132381685336780572859007566262381Ordinary1000001100000100000Ordinary12222016-01-18MR M I BESTMR J A BESTDirectortruetruetruetruexbrli:sharesiso4217:GBPxbrli:pureBEMAC TRAINING LIMITED2014-07-012015-06-30BEMAC TRAINING LIMITED2013-07-012014-06-30BEMAC TRAINING LIMITED2013-06-30BEMAC TRAINING LIMITED2014-06-30BEMAC TRAINING LIMITED2014-06-30BEMAC TRAINING LIMITED2015-06-30 2016-02-11
