Accounts filed on 31-01-2014

trueEver 2460 Limited052040182014-01-31-147304-147304269626961500001500002696269626962696-116530-116530116530116530119226119226119226119226Basis 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). Changes in accounting policies In preparing the financial statements for the current year, the company has adopted the Financial Reporting Standard for Smaller Entities (effective April 2008). The change to FRSSE 2005 has no effect upon income or asset recognition. 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. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity. Compound instruments Compound instruments comprise both a liability and an equity component. At date of issue, the fair value of the liability component is estimated using the prevailing market interest rate for a similar debt instrument. The liability component is accounted for as a financial liability. The residual is the difference between the net proceeds of issue and the liability component (at time of issue). The residual is the equity component, which is accounted for as an equity instrument. The interest expense on the liability component is calculated applying the effective interest rate for the liability component of the instrument. The difference between this amount and any repayments is added to the carrying amount of the liability in the balance sheet. 319226319226200000200000319226319226200000200000Ordinary1500001150000150000Ordinary1150000150000150000 The shares were issued on 17th January 2005 for cash when the company which until then had been dormant acquired the entire share capital of Rangebeam and Kanbild which themselves owned Atmospheric Products the target company which was engaged in air conditioning.Atmospheric Products went into liquidation in January 2010. 2014-10-17Mr G O Mahonytruetruetruetruexbrli:sharesiso4217:GBPxbrli:pureEver 2460 Limited2013-02-012014-01-31Ever 2460 Limited2012-02-012013-01-31Ever 2460 Limited2012-01-31Ever 2460 Limited2013-01-31Ever 2460 Limited2013-01-31Ever 2460 Limited2014-01-31 2014-10-23