Accounts filed on 31-12-2015
Accounts filed on 31-12-2015
trueNorth Swindon Ltd071099862015-12-3140456486724065648872200200406564887240656488722030638648478094082768115794752495318584250250429126064120350102242035010224Basis 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 January 2015).
Turnover
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.
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.
Hire purchase agreements
Assets held under hire purchase agreements are capitalised and disclosed under tangible fixed
assets at their fair value. The capital element of the future payments is treated as a liability and
the interest is charged to the profit and loss account on a straight line basis.
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date
where transactions or events have occurred at that date where material.
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.
Fixtures & FittingsStraight line0.2000Motor VehiclesStraight line0.2500Leasehold PropertyStraight line0.10004557730137154402522719913531445577301371544025227199135314Ordinary Class G5015050Ordinary Class T5015050Ordinary non voting1001100100Ordinary Class G1505050Ordinary Class T1505050Ordinary non voting11001001002016-09-14Mr L M ThrushMr S GunnerDirectortruetruetruetruexbrli:sharesiso4217:GBPxbrli:pureNorth Swindon Ltd2015-01-012015-12-31North Swindon Ltd2014-01-012014-12-31North Swindon Ltd2013-12-31North Swindon Ltd2014-12-31North Swindon Ltd2014-12-31North Swindon Ltd2015-12-31 2016-09-19
