Accounts filed on 31-03-2016
Accounts filed on 31-03-2016
trueHelm Flooring Limited067553612016-03-31194235031919425503212219425503212285286421710531851028338864101160807261114431195905830567727531385186311427143211142714321Basis 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
Turnover shown in the profit and loss account represents the value of work done under contract, exclusive of Value Added Tax, by the Company during the year
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.
Fixed Assets
All fixed assets are initially recorded at cost.
Plant & MachineryReducing balance0.2500Motor VehiclesReducing balance0.2500317753085991620348165383810317753085991620348165383810Ordinary2122Ordinary1222During the year Mr Pennifold, a director received loans from the company of £41,600 (02/07/2015) and £10,000 (23/03/2016). These loans were repaid in full 29th December 2016. Interest was charged on the loans at 3% per annum. The net indebtedness to the company at 31st March 2016 was £50,988 (2015: Balance owed by Company to Director £9,187) and the maximum outstanding during the year was £51,600.2016-12-29A W Pennifoldtruetruetruetruexbrli:sharesiso4217:GBPxbrli:pureHelm Flooring Limited2015-04-012016-03-31Helm Flooring Limited2014-04-012015-03-31Helm Flooring Limited2014-03-31Helm Flooring Limited2015-03-31Helm Flooring Limited2015-03-31Helm Flooring Limited2016-03-31 2016-12-31
