Accounts filed on 30-06-2016
Accounts filed on 30-06-2016
trueEden Lettings & Management (Cumbria) Limited072709512016-06-301929250193125222193125250596124361213-87-3593378698929837782857052725543035057802752523480625234806Basis 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.
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.
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 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.Fixtures & FittingsStraight Line0.2500EquipmentStraight Line0.250083568634-27858333828200583568634-278583338282005Ordinary2122Ordinary1222Mrs S Thompson no longer had an overdrawn loan account at the year end, the balance amounted to £220 (2015: £1510). The maximum overdrawn balance on the directors loan account was £2,310 (2015: £2,560).
Beneficial Loan interest has not been applied to the overdrawn loan account balances as the overdrawn balance did not exceed £5,000.2016-11-04Mrs S Thompsontruetruetruetruexbrli:sharesiso4217:GBPxbrli:pureEden Lettings & Management (Cumbria) Limited2015-07-012016-06-30Eden Lettings & Management (Cumbria) Limited2014-07-012015-06-30Eden Lettings & Management (Cumbria) Limited2014-06-30Eden Lettings & Management (Cumbria) Limited2015-06-30Eden Lettings & Management (Cumbria) Limited2015-06-30Eden Lettings & Management (Cumbria) Limited2016-06-30 2016-11-24
