Accounts filed on 31-03-2014
Accounts filed on 31-03-2014
trueElecro Engineering Limited035209812014-03-311297486101694612975861017046100100129758610170467481748108750213050671112029116286399477638009425242015429571247196540130358469792273629128210554259599142204117253142204117253Basis 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.
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance
for obsolete and slow moving items.
Deferred taxation
Deferred tax is recognised in respect of all 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.
Plant & MachineryStraight line0.2500Fixtures & FittingsStraight line0.2500Motor VehiclesReducing balance0.2500ToolingStraight line0.250039215931908373676-6002499552018304812539215931908373676-60024995520183048125Ordinary1001100100Ordinary1100100100At the balance sheet date the company owed Emily May, director £29,764 (2013: £3,876). This loan is interest free and there are no terms for repayment.
During the year dividends of £30,999 (2013: £53,500) were paid to the shareholders.Ultimate Controlling Party
The company was controlled throughout the period by Emily May by virtue of her majority shareholding.2014-12-04R Maytruetruetruetruexbrli:sharesiso4217:GBPxbrli:pureElecro Engineering Limited2013-04-012014-03-31Elecro Engineering Limited2012-04-012013-03-31Elecro Engineering Limited2012-03-31Elecro Engineering Limited2013-03-31Elecro Engineering Limited2013-03-31Elecro Engineering Limited2014-03-31 2014-12-04
