Accounts filed on 31-10-2013
Accounts filed on 31-10-2013
trueAssociated Compliance Limited067196342013-10-3117173188371751882000200037175188717899443460878471594634193097188109033960500950629299533587449335874493Basis 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).
Going concern
The nature of the company's trading activity of being involved in the building trade requires assessment of the going concern basis due to the current economic climate. It is considered that sufficient sales can be achieved during the following 12 months to remain solvent and therefore the accounts have been prepared on the going concern basis.
Turnover
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.
In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.
Work in progress
Work in progress is valued on the basis of direct costs plus attributable overheads based on normal level of activity. Provision is made for any foreseeable losses where appropriate. No element of profit is included in the valuation of work in progress.
Financial Instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.Plant & MachineryWritten Down Value0.1500Motor VehiclesWritten Down Value0.2500EquipmentWritten Down Value0.2500530296123055-736517155119790-4194530296123055-736517155119-4194790Ordinary2000120002000Ordinary1200020002000Balance sheet Spare note 99 (user defined)GOING CONCERN
The nature of the company's trading activity of being involved in the building trade requires assessment of the going concern basis due to the current economic climate. It is considered that sufficient sales can be achieved during the following 12 months to remain solvent.2014-07-22Mr M J WebberMrs P J WebberSecretarytruetruetruetruexbrli:sharesiso4217:GBPxbrli:pureAssociated Compliance Limited2012-11-012013-10-31Associated Compliance Limited2011-11-012012-10-31Associated Compliance Limited2011-10-31Associated Compliance Limited2012-10-31Associated Compliance Limited2012-10-31Associated Compliance Limited2013-10-31 2014-07-22
