Accounts filed on 29-02-2016
Accounts filed on 29-02-2016
trueWSB Coatings Limited083939892016-02-292250021128226002122810010022600212282260021228-5133-1116481248958927611584728499837715712693263313439493827733323922773332392Basis 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.
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.
Financial Instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
Plant & MachineryMethod for Plant & equipment0.0000EquipmentMethod for Equipment0.0000445904429129916857118994958445904429129916857118994958Ordinary1001100100Ordinary11001001002016-11-15M J Woodhousetruetruetruetruexbrli:sharesiso4217:GBPxbrli:pureWSB Coatings Limited2015-03-012016-02-29WSB Coatings Limited2014-03-012015-02-28WSB Coatings Limited2014-02-28WSB Coatings Limited2015-02-28WSB Coatings Limited2015-02-28WSB Coatings Limited2016-02-29 2016-11-15
