Accounts filed on 30-06-2016

trueKalsons Limited017503622016-06-30209600232315219600242315100001000021960024231521960024231575136903494677614960515428975864004224994461661041321227291626617505144464151966037012911635768115348112497Basis 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. Amortisation Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows: Goodwill-20 years Stocks Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Fixed Assets All fixed assets are initially recorded at cost. Fixed asset investments Fixed asset investments are stated at historical cost less any provision for permanent diminution in value. Fixtures & Fittingsreducing balance0.1500Equipment reducing balance0.1500Short Leasehold PropertyOver the term of the lease0.000082000820008200078299370119168919168916257315592166521153481124972851389037386186285124457323422010353Ordinary1000011000010000Ordinary11000010000100002017-05-12R J Pateltruetruetruetruexbrli:sharesiso4217:GBPxbrli:pureKalsons Limited2015-07-012016-06-30Kalsons Limited2014-07-012015-06-30Kalsons Limited2014-06-30Kalsons Limited2015-06-30Kalsons Limited2015-06-30Kalsons Limited2016-06-30 2017-05-12