Accounts filed on 31-03-2014
Accounts filed on 31-03-2014
trueKeighron - Foster Limited081594712014-03-31-193199-192910122-1929101-1929101-839734-1284979903100060140169987761401699877683780513857708051385670000Basis 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).
Going concern basis of accounting:
At the balance sheet date, the company's liabilities exceeded its assets. The company has received assurances from the directors that they will continue to give financial support to the company for twelve months from the date of signing these financial statements.
On this basis, the directors considers it appropriate to prepare the accounts on the going concern basis. However, should the financial support mentioned above not be forthcoming the going concern basis used in preparing the company's accounts may be invalid and adjustments would have to be made to reduce the value of assets to their realisable amount and provide for any further liabilities which might arise. The accounts do not include any adjustment to the company's assets or liabilities that might be be necessary should this basis not continue to be appropriate.
Turnover
The turnover shown in the profit and loss account represents amounts invoiced during the year.
Investment properties
Investment properties are shown at their open market value. The surplus or deficit arising from
the annual revaluation is transferred to the investment revaluation reserve unless a deficit, or
its reversal, on an individual investment property is expected to be permanent, in which case it
is recognised in the profit and loss account for the year.
This is in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008) which, unlike the Companies Act 2006, does not require depreciation of investment properties. Investment properties are held for their investment potential and not for use by the company and so their current value is of prime importance. The departure from the provisions of the Act is required in order to give a true and fair view.Fixed Assets
All fixed assets are initially recorded at cost.
Fixed Asset Investements
The fixed assset investements are recorded at cost less any permanent diminution in value.
Plant & MachineryStraight Line0.3333Fixtures & FittingsStraight line0.250077459520787725173790693309767000067000841595207883951737906933097Ordinary A1111Ordinary B1111Ordinary A1111Ordinary B11112014-12-19Mr D D Keighron - Fostertruetruetruetruexbrli:sharesiso4217:GBPxbrli:pureKeighron - Foster Limited2013-04-012014-03-31Keighron - Foster Limited2012-04-012013-03-31Keighron - Foster Limited2012-03-31Keighron - Foster Limited2013-03-31Keighron - Foster Limited2013-03-31Keighron - Foster Limited2014-03-31 2014-12-23
