Accounts filed on 31-03-2014
Accounts filed on 31-03-2014
trueClever Mike Ltd083529612014-03-3116921693116931693-58372340017563515442211675307530Basis 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 period.
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.
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance
for obsolete and slow moving items.
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 Line0.2000Fixtures & FittingsStraight Line0.2000EquipmentStraight Line0.200094119411188118819411941118811881Ordinary1110Ordinary111Ordinary11112014-10-08Mr.D.P Donker-Curtiustruetruetruetruexbrli:sharesiso4217:GBPxbrli:pureClever Mike Ltd2013-01-092014-03-31Clever Mike Ltd2012-04-012013-01-08Clever Mike Ltd2012-03-31Clever Mike Ltd2013-01-08Clever Mike Ltd2013-01-08Clever Mike Ltd2014-03-31 2014-10-08
