Accounts filed on 31-10-2015
Accounts filed on 31-10-2015
trueAdvanced Turf Machinery Limited025484632015-10-31171759162584206759197584350003500020675919758420675919758474494649941002711254731747651904671017191258257304664642132265132590132265132590Basis 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 company`s turnover represents the value, excluding Value Added Tax, of goods and services supplied to customers during the year. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due. Where a contract has only been partially completed at the balance sheet date turnover represents the value of the service provided to date based on a proportion of the total contract value.
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance
for obsolete and slow moving items.
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 & Machineryper annum of net0.2000Fixtures & Fittingsper annum of net0.2000Motor Vehiclesper annum of net0.2000186469184570190054204519802225Hire purchase agreements
Included within the net book value of £2,927 is £2,490 (2014 £3,113) relating to assets held under hire purchase agreements. The depreciation charged to the financial statements in the year in respect of such assets amounted to £623 (2014 £778). 186469184570190054204519802225
Hire purchase agreements
Included within the net book value of £2,927 is £2,490 (2014 £3,113) relating to assets held under hire purchase agreements. The depreciation charged to the financial statements in the year in respect of such assets amounted to £623 (2014 £778).
Ordinary3500013500035000Ordinary13500035000350002016-09-30M Brandontruetruetruetruexbrli:sharesiso4217:GBPxbrli:pureAdvanced Turf Machinery Limited2014-11-012015-10-31Advanced Turf Machinery Limited2013-11-012014-10-31Advanced Turf Machinery Limited2013-10-31Advanced Turf Machinery Limited2014-10-31Advanced Turf Machinery Limited2014-10-31Advanced Turf Machinery Limited2015-10-31 2016-09-30
