Accounts filed on 30-09-2013

trueKBW Limited030611302013-09-30527409753798528409754798100010005284097547985284097547985202927347878767364342560796513782123754383524142325271025798811720011811720011Basis 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. 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. 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. Fixed asset investments Fixed Asset Investments are initially recorded at cost. Gains and losses caused by changes in market prices are shown in the statement of total recognised gains and losses. Revaluation gains and losses arising other than by a change in market values are recorded in the profit and loss account.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. Fixtures & Fittingsstraight line0.2500Office Equipmentstraight line 25 to 33.3%0.0000 Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit. 1454621918933434-4986513734517188210593-451302714730271500-272714730271473416935191893274934-49892408818171882-45130282066Ordinary1000110001000Ordinary1100010001000The company was not under the control of any individual throughout the current and previous year. During the year dividends of £93,200 (2012 - £43,000) were paid to Mr T Kirkpatrick, Mr N Barnes, Mrs F Kirkpatrick and Mrs A Barnes. All four are directors of the company. During the year the company made advances of £25,105 to Mr N Barnes. The advances were interest free and repayable on demand. £22,744 was repaid during the year and the balance of £2,361 was repaid shortly after the year end. During the year the company made advances of £21,846 to Mr T Kirkpatrick. The advances which were interest free and repayable on demand were repaid in full before the year end. At the balance sheet date the amount owed by the company to the director, Mrs A Barnes was £400. No other transactions with related parties were undertaken such as are required to be disclosed under the FRSSE.2014-07-22T KIRKPATRICKtruetruetruetruexbrli:sharesiso4217:GBPxbrli:pureKBW Limited2012-10-012013-09-30KBW Limited2011-10-012012-09-30KBW Limited2011-09-30KBW Limited2012-09-30KBW Limited2012-09-30KBW Limited2013-09-30 2014-07-30