Accounts filed on 28-02-2014
Accounts filed on 28-02-2014
trueRhiannon Cyf014170202014-02-2810497893475215478103975140721050096428021547810397528372837462956016826461016698024674314497717043516886541717831384217586708413258306701216243317867220031786722003Basis 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.
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.
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 & FittingsMethod for Fixtures & fittings0.000019554819372918191776811717265955195548193729181917768117172659550598040364Ordinary1000001100000100000Ordinary1140721050014072£1 ordinary shares1357235723572Directors' current accounts
Interest is payable on the loan to Dr RS Evans at 8% per annum. No interest was paid during the year and therefore continues to accrue, an amount of £7,538 is due at the end of the year (2012: £6,980).
During the year the directors provided personal guarantees totalling £140,000 to secure bank lending.
The Directors' accounts at the year end were made up as follows:
2014-04-04G G Evanstruetruetruetruexbrli:sharesiso4217:GBPxbrli:pureRhiannon Cyf2013-03-012014-02-28Rhiannon Cyf2012-02-292013-02-28Rhiannon Cyf2012-02-28Rhiannon Cyf2013-02-28Rhiannon Cyf2013-02-28Rhiannon Cyf2014-02-28 2014-10-31
