Accounts filed on 28-02-2014
Accounts filed on 28-02-2014
trueQUALITY CAR PAINTS LIMITED033175502014-02-28102818952301028209523222102820952327427478386177094173618276302359370480701249811093717231712350345730456502920924564149464150025149464150025Basis 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.
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.
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.Fixtures & Fittings0.0000Equipment0.0000Commercial Vehicles0.0000171117171117216532109256117111717111721653210925617427478386Ordinary1000011000010000Ordinary12222014-11-28J S Blaggantruetruetruetruexbrli:sharesiso4217:GBPxbrli:pureQUALITY CAR PAINTS LIMITED2013-03-012014-02-28QUALITY CAR PAINTS LIMITED2012-03-012013-02-28QUALITY CAR PAINTS LIMITED2012-02-29QUALITY CAR PAINTS LIMITED2013-02-28QUALITY CAR PAINTS LIMITED2013-02-28QUALITY CAR PAINTS LIMITED2014-02-28 2014-11-29
