Accounts filed on 30-06-2014
Accounts filed on 30-06-2014
trueCable Tapes (UK) Limited065612212014-06-302755752829162755772829182227557728291829199236553582043680340596350253181848212945737372316864919220529809445463283359378113131324956441151261587481373081487481273081000010000Basis 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 comprises revenue recognised by the company in respect of goods supplied during the year, exclusive of Value Added Tax and trade discounts, at the point of delivery.
Amounts not yet invoiced in respect of goods delivered before the balance sheet date are recorded as accrued income.
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance
for obsolete and slow moving items.
Hire purchase agreements
Assets held under hire purchase agreements are capitalised and disclosed under tangible fixed
assets at their fair value. The capital element of the future payments is treated as a liability and
the interest is charged to the profit and loss account on a straight line basis.
Pension costs
The company operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the company. The annual contributions payable are charged to the profit and loss account.
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 directors consider 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.
Plant & MachineryStraight line0.2000Fixtures & FittingsStraight line0.1500Motor VehiclesReducing balance0.2500EquipmentStraight line0.3333
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
20837915363358641-3895596312632534432-1126100001000021837916363358641-38955963126325-1126344323582043680Ordinary1001100100Ordinary1222At the balance date, the company owed Mr Van Der Zwan £40,400 (2013: £31,073) and P Haines £40,000 (2013: £40,000).
During the year the company paid dividends to M Van Der Zwan of £40,000 (2013: £40,000) and to P Haines of £40,000 (2013: £40,000). The company also reimbursed the directors for the expenses claimed during the year.2015-01-05Mr M Van Der Zwantruetruetruetruexbrli:sharesiso4217:GBPxbrli:pureCable Tapes (UK) Limited2013-07-012014-06-30Cable Tapes (UK) Limited2012-07-012013-06-30Cable Tapes (UK) Limited2012-06-30Cable Tapes (UK) Limited2013-06-30Cable Tapes (UK) Limited2013-06-30Cable Tapes (UK) Limited2014-06-30 2015-01-08
