Accounts filed on 31-08-2016
Accounts filed on 31-08-2016
trueM & L Associates Limited030908362016-08-31582740275829402922582940291989539978189428-10282-13784196882347194069687191822607488742718100232121810023212Basis 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.
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 on a straight line basis.
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 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.Motor Vehicleson cost0.2000Equipmenton cost0.20003208632086139868874511232086320861398688745112Ordinary1001100100Ordinary12222017-05-17Mrs D Sivlaltruetruetruetruexbrli:sharesiso4217:GBPxbrli:pureM & L Associates Limited2015-09-012016-08-31M & L Associates Limited2014-09-012015-08-31M & L Associates Limited2014-08-31M & L Associates Limited2015-08-31M & L Associates Limited2015-08-31M & L Associates Limited2016-08-31 2017-05-18
