Accounts filed on 31-03-2014
Accounts filed on 31-03-2014
trueGoldsworth Systems Limited045070672014-03-310209012091111209112091-6599-476212638137686039900641086305648562924956600685366006853Basis 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
Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts.
Work in progress
Work in progress is valued at the lower of cost and net realisable value. Long term work in progress on service contracts extending beyond one accounting period is valued at net realisable value only where the right to consideration arises during the accounting period.
Pension costs
The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
Fixed Assets
All fixed assets are initially recorded at cost.
Plant & MachineryMethod for Plant & equipment0.0000
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.
100131001334133160253100131001334133160253Ordinary1111Ordinary11112014-06-27Mr G Oldingtruetruetruetruexbrli:sharesiso4217:GBPxbrli:pureGoldsworth Systems Limited2013-04-012014-03-31Goldsworth Systems Limited2012-04-012013-03-31Goldsworth Systems Limited2012-03-31Goldsworth Systems Limited2013-03-31Goldsworth Systems Limited2013-03-31Goldsworth Systems Limited2014-03-31 2014-07-14
