Accounts filed on 30-04-2015
Accounts filed on 30-04-2015
trueTarget Training LimitedSC1650472015-04-3037183512769908645004500455145511276990861276990861213482411611515339282492358083314737274168843635845635845Basis 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, in respect of the provision of training services.
In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.
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.
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.
Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.
Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
Fixtures & Fittingsreducing balance0.2500Equipmentreducing balance0.25001815018150175151730521018150181501751517305210Ordinary2500012500025000Ordinary14500450045002015-12-23Mr M Channontruetruetruetruexbrli:sharesiso4217:GBPxbrli:pureTarget Training Limited2014-05-012015-04-30Target Training Limited2013-05-012014-04-30Target Training Limited2013-04-30Target Training Limited2014-04-30Target Training Limited2014-04-30Target Training Limited2015-04-30 2016-01-05
