Accounts filed on 30-09-2015
Accounts filed on 30-09-2015
trueCTL (Group) Limited077710272015-09-3011111111-79-798080111180808080Basis 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).
Consolidation
In the opinion of the director, the company and its subsidiary undertakings comprise a small group. The company has therefore taken advantage of the
exemption provided by Section 398 of the Companies Act 2006 not to prepare group accounts.
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.
80808080Ordinary1111Ordinary1111Ordinary11112016-06-30Mr C Perkinstruetruetruetruexbrli:sharesiso4217:GBPxbrli:pureCTL (Group) Limited2014-10-012015-09-30CTL (Group) Limited2013-10-012014-09-30CTL (Group) Limited2013-09-30CTL (Group) Limited2014-09-30CTL (Group) Limited2014-09-30CTL (Group) Limited2015-09-30 2016-06-30
