Accounts filed on 30-09-2015

trueKeyser Limited077893942015-09-303171505417160510010041716054171605-3251-7065147221648811471942321691219300930022366886701452145722167213Basis 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. 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. Amortisation Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows: Website-20% straight line Stocks Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. 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. 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. 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.Plant & Machinerystraight line0.2500Equipmentstraight line0.330030272427600157597060529976273822594277602016975913300329809319429335211398196Ordinary1001100100Ordinary1100100100Included in creditors is a balance of £147 (2014: £5909) owed to Mr E A Keyser on his directors loan account. This balance is interest free with no set repayment terms. During the year dividends in the sum of £18,000 were paid to Mr E A Keyser.2016-04-07Mr E A Keysertruetruetruetruexbrli:sharesiso4217:GBPxbrli:pureKeyser Limited2014-10-012015-09-30Keyser Limited2013-10-012014-09-30Keyser Limited2013-09-30Keyser Limited2014-09-30Keyser Limited2014-09-30Keyser Limited2015-09-30 2016-06-21