Accounts filed on 30-06-2014
Accounts filed on 30-06-2014
trueHulbert Brothers Limited076641552014-06-307161437872614478100100726144782267167295286150-29291-33436469754485117684114159267498084176435388193958621981232741683816312Basis 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.
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-Straight line over 20 years
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance
for obsolete and slow moving items.
Operating lease agreements
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.
Deferred taxation
Deferred tax is measured on a discounted 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 & MachineryMethod for Plant & equipment0.0000258602586038792586129324763216195144-2000792553072918-30050623474795144-2000118047893-3004211Ordinary1111Ordinary11001001002014-10-27Mr L Hulberttruetruetruetruexbrli:sharesiso4217:GBPxbrli:pureHulbert Brothers Limited2013-07-012014-06-30Hulbert Brothers Limited2012-07-012013-06-30Hulbert Brothers Limited2012-06-30Hulbert Brothers Limited2013-06-30Hulbert Brothers Limited2013-06-30Hulbert Brothers Limited2014-06-30 2015-01-30
