Accounts filed on 31-07-2016
Accounts filed on 31-07-2016
trueWaverdale Developments Limited01434641511 6088 712016-07-3116848117048322170483170483-27947-1784165578564353763138594971023738279211485628117183242811718324Basis 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
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.
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.
Pension costs
The company operates a defined contribution pension scheme for the directors. 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.
Land & BuildingsReducing Balance0.2000Plant & MachineryReducing Balance0.2000Fixtures & FittingsReducing Balance0.2000EquipmentReducing Balance0.2000284810269918148922566932515945099284810269918148922566932515945099Ordinary1001100100Ordinary1222The overdrawn directors current account of £9,710 was repaid shortly after the year end.2017-04-27Mr. A. Marshtruetruetruetruexbrli:sharesiso4217:GBPxbrli:pureWaverdale Developments Limited2015-08-012016-07-31Waverdale Developments Limited2014-08-012015-07-31Waverdale Developments Limited2014-07-31Waverdale Developments Limited2015-07-31Waverdale Developments Limited2015-07-31Waverdale Developments Limited2016-07-31 2017-04-27
