Accounts filed on 31-05-2016
Accounts filed on 31-05-2016
trueRight Direction Alltrades Ltd076496312016-05-314658614328467311447314514546731144734673114473467311447394531988709799205090157098572789909663232474Basis 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, exclusive of Value Added Tax.
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 liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
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.
EquipmentMethod for Equipment0.000091279127912791279127912791279127Ordinary1001100100Ordinary Class 24514545Ordinary1100100100Ordinary Class 214545452016-08-24Mr M I Chaudrytruetruetruetruexbrli:sharesiso4217:GBPxbrli:pureRight Direction Alltrades Ltd2015-06-012016-05-31Right Direction Alltrades Ltd2014-06-012015-05-31Right Direction Alltrades Ltd2014-05-31Right Direction Alltrades Ltd2015-05-31Right Direction Alltrades Ltd2015-05-31Right Direction Alltrades Ltd2016-05-31 2016-08-24
