Accounts filed on 31-12-2013
Accounts filed on 31-12-2013
trueSMSHighway Limited076842072013-12-31-335920-33591111-335911-335911-33591113603501024441101441110030Basis 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).
The financial statements have been prepared on a going concern basis, despite the balance sheet showing a net deficit of £33,591. This does indicate that the company may be unable to continue trading however it is supported by its director. Therefore the director is confident, based on this and current management statements and forecasts, that the company will trade profitably in the coming and future years, and will be able to meet its debts as and when they fall due.
Turnover
The turnover shown in the profit and loss account represents amounts receivable for goods and services provided during the period in the normal course of business, net of trade discounts, VAT and other sales and related taxes.
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.
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Ordinary1111Ordinary11112014-09-30Mr S V Olarutruetruetruetruexbrli:sharesiso4217:GBPxbrli:pureSMSHighway Limited2012-07-012013-12-31SMSHighway Limited2011-06-272012-06-30SMSHighway Limited2011-06-26SMSHighway Limited2012-06-30SMSHighway Limited2012-06-30SMSHighway Limited2013-12-31 2014-09-30
