Accounts filed on 31-08-2015
Accounts filed on 31-08-2015
trueHelen Standing Limited066811372015-08-31845911038028459210380311845921038031916313773206590424414105180-466569829712605988134794031864313832985896480003627410053547107068834710706883Basis 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.
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.
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more, tax, with the following exceptions:
Deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted.
Deferred tax is measured on a discounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.
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 & Fittings straight line0.2500Equipmentstraight line0.2500Computer straight line0.250053567922563513116646091568048929535679225635131166460915680489293206590Lloyds TSB Bank PLC has a debenture dated 8 April,2015 over the undertaking and all property and assets present and future, including goodwill, book debts, uncalled capital, buildings, fixtures, fixed plant & machinery to secure all monies due or to become due from the company to Lloyds TSB Bank PLC on any account whatsoever.
Lloyds TSB Bank PLC has a debenture dated 3 July,2015 over the freehold property known as Church House Inn, Torver,Cumbria LA21 8AZ and registered under title No. CU166069. Ordinary1000110001000Ordinary11112016-05-17Miss H E Standingtruetruetruetruexbrli:sharesiso4217:GBPxbrli:pureHelen Standing Limited2014-09-012015-08-31Helen Standing Limited2013-09-012014-08-31Helen Standing Limited2013-08-31Helen Standing Limited2014-08-31Helen Standing Limited2014-08-31Helen Standing Limited2015-08-31 2016-05-19
