Accounts filed on 31-12-2013
Accounts filed on 31-12-2013
trueMount Automotive Solutions Limited056636082013-12-31326411685232642168531132642168535000005000005326425168533500653513951471302056444971955570395337140388322313360215121511156436182577165458182577165458Basis 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.
Depreciation
Freehold property occupied partly for own use and partly by tenants is maintained to a high standard and is not depreciated. All repair and maintenance expenditure is written off as incurred and the directors consider that any depreciation charge would be immaterial. Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance
for obsolete and slow moving items.
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 that will result in an obligation
to pay more, or a right to pay less or to receive more tax.
Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods
in which the timing differences reverse, based on tax rates and laws enacted or substantively enacted at the
balance sheet date.
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.Plant & Machinerystraight line0.2500Fixtures & Fittingsreducing balance0.2000Motor Vehiclesstraight line0.2500Short Leasehold Propertystraight line0.250023009820593624162475214047870432300982059362416247521404787043Ordinary1111Ordinary1111Control of the companyControl of the company
The company is controlled by Mount Garage Limited by virtue of it owning 100% of the company's issued share capital.
Mount Garage Limited is under the control of S A Windle.2014-09-29S A Windletruetruetruetruexbrli:sharesiso4217:GBPxbrli:pureMount Automotive Solutions Limited2013-01-012013-12-31Mount Automotive Solutions Limited2012-01-012012-12-31Mount Automotive Solutions Limited2011-12-31Mount Automotive Solutions Limited2012-12-31Mount Automotive Solutions Limited2012-12-31Mount Automotive Solutions Limited2013-12-31 2014-09-30
