Accounts filed on 30-06-2016
Accounts filed on 30-06-2016
trueHouse of Wolf Limited079500842016-06-30-249058-238032-168038-157012120012007982079820-168038-157012-168038-157012-168038-1570121901562119282211854916200005491221184Basis 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.
Hire purchase agreements
Assets held under hire purchase agreements are capitalised and disclosed under tangible fixed
assets at their fair value. The capital element of the future payments is treated as a liability and
the interest is charged to the profit and loss account at a constant rate of charge on the balance of capital repayments outstanding.
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.
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.
Going Concern
The director is satisfied that the company will remain able to meet its day to day working capital requirements. The director therefore considers it appropriate to prepare the financial statements on a going concern basis. The financial statements do not include any adjustments that would be necessary from an ability to meet liabilities from a deterioration in working capital.
Fixtures & FittingsMethod for Fixtures & fittings0.0000Short leaseholdMethod for Leasehold property0.00000264Ordinary A Class1408408408Ordinary B Class1408408408Ordinary C Class1204204204Ordinary D Class11801801802017-04-27M. Flemingtruetruetruetruexbrli:sharesiso4217:GBPxbrli:pureHouse of Wolf Limited2015-07-012016-06-30House of Wolf Limited2014-07-012015-06-30House of Wolf Limited2014-06-30House of Wolf Limited2015-06-30House of Wolf Limited2015-06-30House of Wolf Limited2016-06-30 2017-04-28
