Accounts filed on 28-02-2015
Accounts filed on 28-02-2015
trueTalon NDT Blackpool Limited084231092015-02-28-44285155628615100100562861510701484112630099-435282267913391213078903843575768490246312189411126446547420446547420Basis of accounting
The financial statements have been prepared under the historical cost convention, and in accordance with applicable UK accounting standards.
Cash flow statement
The directors have taken advantage of the exemption in Financial Reporting Standard No 1 (Revised 1996) from including a cash flow statement in the financial statements on the grounds that the company is small.
Turnover
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.
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, 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.
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.Plant & MachineryReducing balance basis0.2000Fixtures & FittingsReducing balance basis0.2000Leasehold premisesStraight line basis0.1000Office equipmentReducing balance basis0.200051290824443046663682458125129082444304666368245812Ordinary1001100100Ordinary11001001002015-11-13Mr J. Jordantruetruetruetruexbrli:sharesiso4217:GBPxbrli:pureTalon NDT Blackpool Limited2014-03-012015-02-28Talon NDT Blackpool Limited2013-02-282014-02-28Talon NDT Blackpool Limited2013-02-27Talon NDT Blackpool Limited2014-02-28Talon NDT Blackpool Limited2014-02-28Talon NDT Blackpool Limited2015-02-28 2015-11-30
