Accounts filed on 28-02-2014
Accounts filed on 28-02-2014
trueRed House (Cheltenham) Ltd071635962014-02-286212216763122267100100631222676312226742803333053722158348172249101198834817105032032193420321934Basis 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 April 2008).
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.
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.EquipmentStraight line0.2500497044862025-1541293825521237-851497044862025-154129382552-8511237Ordinary100000.01100100Ordinary0.0110010010000Included in creditors is an amount owing to Mr D Power the director of £14,818 (2013 : £8,045 debtor) on his directors loan account.
2014-11-25Mr D Powertruetruetruetruexbrli:sharesiso4217:GBPxbrli:pureRed House (Cheltenham) Ltd2013-03-012014-02-28Red House (Cheltenham) Ltd2012-03-012013-02-28Red House (Cheltenham) Ltd2012-02-29Red House (Cheltenham) Ltd2013-02-28Red House (Cheltenham) Ltd2013-02-28Red House (Cheltenham) Ltd2014-02-28 2014-11-26
