Accounts filed on 30-09-2015
Accounts filed on 30-09-2015
trueLynch Ayerst Consulting Limited087039162015-09-3032483437663258343866100100325834386632583438663058340866571046048487687101350638113700223876643482000300020003000Basis 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 in the year, exclusive of Value Added Tax, together with amounts accrued but un-billed at the balance sheet date.
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 taxation is provided in full on timing differences which result in an obligation at the balance sheet date to pay more tax,
or a right to pay less tax, at a future date, at rates expected to apply when they crystalise based on current tax rates and law.
Deferred taxation assets are only recognised to the extent that it is regarded as more likely than not that they will be recovered.
Deferred tax assets and liabilities are not discounted.
Fixed Assets
All fixed assets are initially recorded at cost.
Financial Instruments
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.
Equipmentstraight line0.25004000400020001000100040004000200010001000A Ordinary6016060B Ordinary2012020C Ordinary1011010D Ordinary1011010A Ordinary1606060B Ordinary1202020C Ordinary1101010D Ordinary11010102016-06-10Mr T Ayersttruetruetruetruexbrli:sharesiso4217:GBPxbrli:pureLynch Ayerst Consulting Limited2014-10-012015-09-30Lynch Ayerst Consulting Limited2013-10-012014-09-30Lynch Ayerst Consulting Limited2013-09-30Lynch Ayerst Consulting Limited2014-09-30Lynch Ayerst Consulting Limited2014-09-30Lynch Ayerst Consulting Limited2015-09-30 2016-06-23
