Accounts filed on 30-06-2015
Accounts filed on 30-06-2015
trueCastle Careers LimitedSC1761272015-06-30-76374-52734-76372-5273222-76372-52732-76372-52732-76372-53145105485137422291138427728669516964443258104130413Basis 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).
At the balance sheet date the company has liabilities in excess of its total assets. The company will continue to be supported by the director. For these reasons the company continues to prepare its accounts on a going concern basis.
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 recruitment and provision of information technology staff.
Depreciation
No depreciation has been charged on freehold property as the director is of the opinion that the property will appreciate rather than depreciate in value. 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 balance0.2000Equipmentstraight line0.3333043346-43346042933-42933043346-43346042933-42933Ordinary1000110001000Ordinary12222016-03-24Mr N Fyvietruetruetruetruexbrli:sharesiso4217:GBPxbrli:pureCastle Careers Limited2014-07-012015-06-30Castle Careers Limited2013-07-012014-06-30Castle Careers Limited2013-06-30Castle Careers Limited2014-06-30Castle Careers Limited2014-06-30Castle Careers Limited2015-06-30 2016-03-25
