Accounts filed on 31-01-2014
Accounts filed on 31-01-2014
trueEurotherm Insulation Supplies Limited026448042014-01-311253701044851453701244852000020000145370124485161611503816153113952311432694802391372319067505698413869315699277488139646125469503531091247205447214720544721Basis 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.
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance
for obsolete and slow moving items.
Hire purchase agreements
Assets held under hire purchase agreements are capitalised and disclosed under tangible fixed
assets at their fair value. The capital element of the future payments is treated as a liability and
the interest is charged to the profit and loss account on a straight line basis.
Pension costs
The company operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the company. The annual contributions payable are charged to the profit and loss account.
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 & Machineryon reducing balance0.1500Fixtures & Fittingson reducing balance0.1500Motor Vehicleson reducing balance0.250011586410867519295-12106686596395415196-1049111586410867519295-121066865963954-1049115196Ordinary2000012000020000Ordinary12000020000200002014-10-14Mr A R T Balltruetruetruetruexbrli:sharesiso4217:GBPxbrli:pureEurotherm Insulation Supplies Limited2013-02-012014-01-31Eurotherm Insulation Supplies Limited2012-02-012013-01-31Eurotherm Insulation Supplies Limited2012-01-31Eurotherm Insulation Supplies Limited2013-01-31Eurotherm Insulation Supplies Limited2013-01-31Eurotherm Insulation Supplies Limited2014-01-31 2014-10-17
