Accounts filed on 31-12-2013
Accounts filed on 31-12-2013
trueConcept Homes Limited039322912013-12-31-3410532-3447541-3410432-3447441100100-3410432-344744117693051762106-1641127-1685335-1641689-19380211647388592538556993987364023903985917569912085622526865628440251842Basis 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 company's accounts are prepared on the going concern basis, on the assumption that the financial support would continue to be provided to the company by the banks, investors and directors of the company.
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.
Investment properties
Investment properties are shown at their open market value. The surplus or deficit arising from the annual revaluation is
transferred to the investment revaluation reserve unless a deficit, or its reversal, on an individual investment property is
expected to be permanent, in which case it is recognised in the profit and loss account for the year.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 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.Fixtures & FittingsReducing Balance0.2500Motor VehiclesReducing Balance0.250024823482-100019202638282-1000103828355670-355670103828103828103828106310359152-356670103828105748106466-1000282Ordinary1001100100Ordinary1100100100Balance sheet Spare note 27 (user defined)GOING CONCERN
The company's ability to continue trading is dependent on the ongoing financial
support of the bank, investors and the directors.
2014-09-25Mr M Slatertruetruetruetruexbrli:sharesiso4217:GBPxbrli:pureConcept Homes Limited2013-01-012013-12-31Concept Homes Limited2012-01-012012-12-31Concept Homes Limited2011-12-31Concept Homes Limited2012-12-31Concept Homes Limited2012-12-31Concept Homes Limited2013-12-31 2014-09-29
