Accounts filed on 30-06-2015
Accounts filed on 30-06-2015
trueMid-Tech Services Limited067399462015-06-301993361439212008361454211500150020083614542152861301020612215843115541587914316901329968472316417882471895415668421221450707705175070770517Basis 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 receivable for goods and services provided during the year in the normal course of business, net of trade discounts, VAT and other sales and related taxes.
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.
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.
Motor VehiclesReducing balance0.3333EquipmentReducing balance0.25001230521359556328-19231723456543820412-135051230521359556328-192317234565438-1350520412Ordinary A1420420420Ordinary B1660660660Ordinary C1420420420At the balance sheet date, in respect of his directors current account, M. I. Dewey owed £18,117 (2014 - £15,953) to the company.Capital commitments
At the balance sheet date the company had no capital commitments.Post balance sheet eventsThere are no post balance sheet events, adjusting or otherwise, that need to be disclosed.2016-03-16M. I. DeweyT. S. DavisonDirectortruetruetruetruexbrli:sharesiso4217:GBPxbrli:pureMid-Tech Services Limited2014-07-012015-06-30Mid-Tech Services Limited2013-07-012014-06-30Mid-Tech Services Limited2013-06-30Mid-Tech Services Limited2014-06-30Mid-Tech Services Limited2014-06-30Mid-Tech Services Limited2015-06-30 2016-03-18
