Accounts filed on 31-03-2016


trueBoshers Ltd029467942016-03-314567364464904570864468403503504570864468401185114219449815200051391851305983813497548165485862165467135616308272836813464010724843010546330599378120138330727343167Basis 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 January 2015). Turnover The turnover shown in the profit and loss account represents commissions and fees receivable. 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. GoodwillAmortisation is calculated so as to write off the cost of an asset over the useful economic life of that asset. Goodwill has been written-off over 20 years with a remaining useful economic life of less than five years.Amortisation Amortisation is calculated so as to write off the cost of an asset over the useful economic life of that asset as follows: Goodwill-Over 20 years. See note above Depreciation The directors consider that the residual values of freehold land and buildings are equal to or greater than their carrying value. As such, any depreciation charge, whether cumulative or annual, would be immaterial to these accounts. 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. Pension costs The company operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the company. The annual contributions payable are charged to the profit and loss account. 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: Provision is made for tax on gains arising from the revaluation (and similar fair value adjustments) of fixed assets, and gains on disposal of fixed assets that have been rolled over into replacement assets, only to the extent that, at the balance sheet date, there is a binding agreement to dispose of the assets concerned. However, no provision is made where, on the basis of all available evidence at the balance sheet date, it is more likely than not that the taxable gain will be rolled over into replacement assets and charged to tax only where the replacement assets are sold. 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 an undiscounted 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. 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 & Machinerystraight line0.2500Fixtures & Fittings20% reducing balance/5% straight line0.0000Office Equipmentreducing balance0.100041500041500031562229486220760448273445767250611754610260014946The directors have not undertaken a revaluation policy on freehold property which continues to be stated at historical cost. 863273860767250643316839746235706 The directors have not undertaken a revaluation policy on freehold property which continues to be stated at historical cost. 4498152000A legal charge over the company's assets was created on 6 September 2010 to Natwest Bank Plc. The capital on the bank loan is repayable over sixty months commencing September 2015. Ordinary1000110001000Ordinary 'A' Non-Voting1000110001000Ordinary 'B' Non-Voting1000110001000Ordinary1100100100Ordinary 'A' Non-Voting1150150150Ordinary 'B' Non-Voting11001001002016-05-03Mr C Boshertruetruetruetruexbrli:sharesiso4217:GBPxbrli:pureBoshers Ltd2015-04-012016-03-31Boshers Ltd2014-04-012015-03-31Boshers Ltd2014-03-31Boshers Ltd2015-03-31Boshers Ltd2015-03-31Boshers Ltd2016-03-31 2016-05-20