Accounts filed on 30-06-2014
Accounts filed on 30-06-2014
trueThomas Mining Associates Limited055673832014-06-30-40800-13775-40798-1377322-40798-13773-40798-13773-40951-1407844126481993175341218757346230026775153305153305Basis 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.
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:
Goodwill-5 year straight line
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.
Going Concern
The financial statements have been prepared on a going concern basis. The directors consider this to be appropriate although there were net
current liabilities totalling £40951 (2013: £14078). A total of £40060 (2013: £40194) represents amounts owed in respect of the directors and related companies. Repayment of these amounts will not be sought until the company is in a position to pay them. Accordingly the going concern basis is considered appropriate.
Fixtures & FittingsStraight line0.1500EquipmentStraight line0.3333
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
3500035000350003500045620685-2022930320380152-202293545655685-202293530355380-20229152Ordinary A250000.01250250Ordinary B250000.01250250Ordinary C250000.01250250Ordinary D250000.01250250Ordinary A0.0111100Ordinary B0.01111002014-09-29Mr D L ThomasMr A W JamesonDirectortruetruetruetruexbrli:sharesiso4217:GBPxbrli:pureThomas Mining Associates Limited2013-07-012014-06-30Thomas Mining Associates Limited2012-07-012013-06-30Thomas Mining Associates Limited2012-06-30Thomas Mining Associates Limited2013-06-30Thomas Mining Associates Limited2013-06-30Thomas Mining Associates Limited2014-06-30 2014-10-03
