Accounts filed on 31-12-2013
Accounts filed on 31-12-2013
trueLondon Wholesale Clothing Limited041046662013-12-3188269903698836990469100100883699046988369904698836990469164250211644701730871125493936037754915909957827791460537372233Basis 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.
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.
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.Ordinary1000110001000Ordinary1100100100During the year, the company paid £48,000 (2012: £48,000) to the director in relation to the rental of premises.2014-09-29Nam Phamtruetruetruetruexbrli:sharesiso4217:GBPxbrli:pureLondon Wholesale Clothing Limited2013-01-012013-12-31London Wholesale Clothing Limited2012-01-012012-12-31London Wholesale Clothing Limited2011-12-31London Wholesale Clothing Limited2012-12-31London Wholesale Clothing Limited2012-12-31London Wholesale Clothing Limited2013-12-31 2014-09-30
