Accounts filed on 31-12-2015
Accounts filed on 31-12-2015
trueGEOBORDERS SATELLITE LTD07074848984 4885 532015-12-3151653828252272389018050180502012201225227238902522723890146731165617765209713243832627221632661416004941867510721055412234434455134036454721742174Basis 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.
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:
Patents & Software Cost
Straight line @ 10%
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance
for obsolete and slow moving items.
Fixed Assets
All fixed assets are initially recorded at cost.
Investments
Fixed asset investments are shown at cost less amounts written off.
Provisions are made for temporary fluctuations in value.
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.
1168811688734461751169510751071071560511217421741896918969841567351680Ordinary1805011805018050Ordinary11805018050180502016-09-26Mario Macchiavellitruetruetruetruexbrli:sharesiso4217:GBPxbrli:pureGEOBORDERS SATELLITE LTD2015-01-012015-12-31GEOBORDERS SATELLITE LTD2014-01-012014-12-31GEOBORDERS SATELLITE LTD2013-12-31GEOBORDERS SATELLITE LTD2014-12-31GEOBORDERS SATELLITE LTD2014-12-31GEOBORDERS SATELLITE LTD2015-12-31 2016-09-27
