Accounts filed on 30-09-2016
Accounts filed on 30-09-2016
trueED Installations (North West) Ltd027118682016-09-30-1723952555207948910010055437554375552079489964964105089123942161573204395-3533464866108516390825751170394218551684441950195019460196907197909196907197909Basis of accounting
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of certain fixed assets, 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 for construction services, exclusive of Value Added Tax and trade discounts, together with provisions in respect of services provided under contract. Contract revenue is recognised as contractual activity progresses.
Depreciation
Long leasehold properties are not depreciated where the directors are of the opinion that buildings concerned are
currently sufficiently well maintained to ensure that the residual values of such properties, which are appraised
on the basis of prices prevailing at the times of acquisition or subsequent valuation, are not less than the carrying
values and accordingly annual depreciation would not be material to the financial statements. Carrying values are
reviewed for impairment annually.
Long leasehold properties are professionally valued every three to five years on the basis of open market
valuation.
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance
for obsolete and slow moving items.
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.
Deferred taxation
Deferred tax is recognised in respect of all material timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax.
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.
Plant & MachineryReducing balance0.2000Fixtures & FittingsReducing balance0.2000Motor VehiclesReducing balance0.2500Computer EquipmentReducing balance0.2000266773263973280069866660643802266773263973280069866660643802Ordinary1001100100Ordinary11001001002017-06-27Mr N Mousdelltruetruetruetruexbrli:sharesiso4217:GBPxbrli:pureED Installations (North West) Ltd2015-04-012016-09-30ED Installations (North West) Ltd2014-04-012015-03-31ED Installations (North West) Ltd2014-03-31ED Installations (North West) Ltd2015-03-31ED Installations (North West) Ltd2015-03-31ED Installations (North West) Ltd2016-09-30 2017-06-30
