Accounts filed on 31-03-2014

trueL Laudat Limited048691512014-03-312471842050782472842051781001002472842051789468302482302060082435002018573625736802279757238659373869322760192317274730415147304151Basis 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 Turnover represents the total value of sales made during the year, excluding Value Added Tax. Amortisation Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows: Goodwill-over its expected useful life of 10 years 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, with the following exceptions: Provision is made for tax on gains arising from the revaluation (and similar fair value adjustments) of fixed assets, and gains on disposal of fixed assets that have been rolled over into replacement assets, only to the extent that, at the balance sheet date, there is a binding agreement to dispose of the assets concerned. However, no provision is made where, on the basis of all available evidence at the balance sheet date, it is more likely than not that the taxable gain will be rolled over into replacement assets and charged to tax only where the replacement assets are sold. Deferred tax assets are recognised only to the extent that the director considers that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date. Fixed Assets All fixed assets are initially recorded at cost. Fixtures & FittingsReducing balance0.25003000030000300003000016361142062155116311005515764636144206215541631400551576Ordinary1000110001000Ordinary11001001002014-10-24Mrs L J Laudattruetruetruetruexbrli:sharesiso4217:GBPxbrli:pureL Laudat Limited2013-04-012014-03-31L Laudat Limited2012-04-012013-03-31L Laudat Limited2012-03-31L Laudat Limited2013-03-31L Laudat Limited2013-03-31L Laudat Limited2014-03-31 2014-12-22