Accounts filed on 31-03-2014
Accounts filed on 31-03-2014
trueTotal Solutions Training Ltd070578682014-03-31-20295-32155-20195-32055100100-20195-32055-20195-32055-34086-5057641369531967283262020872205196240013891185211389118521Basis 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.
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.
Going Concern
The company currently meets its daily working capital requirements through operating revenues, banking facilities and financial support from related parties.
On this basis the director considers it appropriate to prepare the accounts on the going concern basis. The accounts do not include any adjustments that would result from the failure to raise any additional finance that may prove necessary.
Plant & Machineryreducing balance basis0.2500Motor Vehiclesreducing balance0.2500463014630132410277804630463014630132410277804630Ordinary1001100100Ordinary11001001002014-12-19Mrs C L Granttruetruetruetruexbrli:sharesiso4217:GBPxbrli:pureTotal Solutions Training Ltd2013-04-012014-03-31Total Solutions Training Ltd2012-04-012013-03-31Total Solutions Training Ltd2012-03-31Total Solutions Training Ltd2013-03-31Total Solutions Training Ltd2013-03-31Total Solutions Training Ltd2014-03-31 2014-12-23
