Accounts filed on 30-06-2016
Accounts filed on 30-06-2016
trueSmileabout Ltd075815072016-06-3029913332340829933332360820020029933332360879708675307303332283-34325-1043359640318901362078846781864217508600060003743661170341628436618303563410207380632640922Basis 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).
Going Concern:
The directors are committed to support the company over the next twelve months and have therefore continued to adopt the going concern basis in preparing the financial statements.
Turnover
The turnover shown in the profit and loss account represents amounts invoiced during the year.
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-between 6 and 8 years
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.
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.
Plant & Machinerystraight line0.2500Fixtures & Fittingsreducing balance0.1500Equipmentstraight line0.2000833125833125529562422918106644201554177269242851634911508601263182068206820482041042885101860024285701257581982119275Ordinary2001200200Ordinary1200200200The company operates out of premises owned by the directors. During the year rental payments of £57,600 were paid on normal commercial terms.2016-08-18B Farzadtruetruetruetruexbrli:sharesiso4217:GBPxbrli:pureSmileabout Ltd2015-07-012016-06-30Smileabout Ltd2014-07-012015-06-30Smileabout Ltd2014-06-30Smileabout Ltd2015-06-30Smileabout Ltd2015-06-30Smileabout Ltd2016-06-30 2016-09-22
