Accounts filed on 31-12-2014
Accounts filed on 31-12-2014
truePavetesting Limited049919232014-12-3112912848460612922848470610010012922848470608902129228493608-2226354490249840288050907613931254114329183600784372179395575600312577553518634458446933445843049300Basis 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.
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 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.Fixed Assets
All fixed assets are initially recorded at cost.
Going Concern
At the balance sheet date the company had net current liabilities of £222,635 (2013: net current assets of £449,024). The director and shareholders have pledged to continue to financially support the company for the foreseeable future. On this basis the director feels it is appropriate to prepare these financial statements using the going concern assumption.Plant & Machineryreducing balance0.1500Fixtures & Fittingsreducing balance0.1500Motor Vehiclesreducing balance0.2500Websitestraight line0.3300Short leasehold - Cost B/Fwdstraight line0.2000
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.
701267444418580-22898231932986016230-22897304930030493037505674444323510-228982319329860-2289716230Ordinary1001100100Ordinary11001001002015-05-11B Gofftruetruetruetruexbrli:sharesiso4217:GBPxbrli:purePavetesting Limited2014-01-012014-12-31Pavetesting Limited2013-01-012013-12-31Pavetesting Limited2012-12-31Pavetesting Limited2013-12-31Pavetesting Limited2013-12-31Pavetesting Limited2014-12-31 2015-05-12
