Accounts filed on 31-03-2016
Accounts filed on 31-03-2016
trueC L Lifestyles Limited071558042016-03-3129699568052979956905100100297995690529799569052804255207534095022281451105429485904249932861629301757169817571698Basis 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.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over
the useful economic life of that asset as follows:
Goodwill-Straight line 20%
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.
EquipmentReducing balance0.250015000150001500015000528046366443523293858520280196366441852317938585Ordinary1000110001000Ordinary11001001002016-06-30Ms C Webbtruetruetruetruexbrli:sharesiso4217:GBPxbrli:pureC L Lifestyles Limited2015-04-012016-03-31C L Lifestyles Limited2014-04-012015-03-31C L Lifestyles Limited2014-03-31C L Lifestyles Limited2015-03-31C L Lifestyles Limited2015-03-31C L Lifestyles Limited2016-03-31 2016-07-11
