Accounts filed on 31-08-2015
Accounts filed on 31-08-2015
trueSpaceform Design Limited042750802015-08-3139497339812539507339822510010039507339822539507339822536720535955012341481901490619441451224008232139201736179154648753015827868386752786838675Basis 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.
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.
Plant & Machinerystraight line0.2500Fixtures & Fittingsreducing balance0.1500Leasehold Propertyreducing balance0.2000Website Development - Cost B/Fwdstraight line0.3300
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.
116964116964890967828910807116964116964890967828910807Ordinary1000110001000Ordinary1100100100Ultimate parent company
The immediate and ultimate parent company is Spaceform Design Holdings Limited, a corporation registered in England and Wales.Ultimate controlling party
The ultimate controlling entity is considered to be Ms C. Greenhalgh, by virtue of her interest in the share capital of the parent undertaking Spaceform Design Holdings Limited.
2016-03-23Ms C. Greenhalghtruetruetruetruexbrli:sharesiso4217:GBPxbrli:pureSpaceform Design Limited2014-09-012015-08-31Spaceform Design Limited2013-09-012014-08-31Spaceform Design Limited2013-08-31Spaceform Design Limited2014-08-31Spaceform Design Limited2014-08-31Spaceform Design Limited2015-08-31 2016-03-24
