Accounts filed on 31-05-2016
Accounts filed on 31-05-2016
trueTwisted Solutions Limited090606572016-05-312271723222737234222273723422737234152723426338183602649025594135901392812900116662121021210Basis 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.
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.
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.
Office Equipmentreducing balance0.250028290282970807082829028297080708Ordinary1222During the year Mr P Coles, the sole director and 50% shareholder, provided a loan to the company amounting to £8,548 as at 31 May 2016. This loan was not overdrawn at any point during the year.2016-11-21Mr P Colestruetruetruetruexbrli:sharesiso4217:GBPxbrli:pureTwisted Solutions Limited2015-06-012016-05-31Twisted Solutions Limited2014-05-282015-05-31Twisted Solutions Limited2014-05-27Twisted Solutions Limited2015-05-31Twisted Solutions Limited2015-05-31Twisted Solutions Limited2016-05-31 2016-11-23
