Accounts filed on 31-03-2016
Accounts filed on 31-03-2016
trueSt Astier Limited046531932016-03-3159196257339159196457339322591964573393733936851922662110877915697881652667272637744764233930977431506568715590594906474435657324139735108900524842524391524842524391Basis 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 January 2015).
Turnover
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.
In respect of long-term contracts and contracts for ongoing 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 ongoing services is recognised by reference to the stage of completion.
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance
for obsolete and slow moving items.
Hire purchase agreements
Assets held under hire purchase agreements are capitalised and disclosed under tangible fixed
assets at their fair value. The capital element of the future payments is treated as a liability and
the interest is charged to the profit and loss account on a straight line basis.
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not
reversed at the balance sheet date where transactions or events have occurred at that date that
will result in an obligation to pay more, or a right to pay less or to receive more tax, with
the following exceptions:
Provision is made for tax on gains arising from the revaluation (and similar fair value adjustments)
of fixed assets, and gains on disposal of fixed assets that have been rolled over into replacement
assets, only to the extent that, at the balance sheet date, there is a binding agreement to dispose
of the assets concerned. However, no provision is made where, on the basis of all available
evidence at the balance sheet date, it is more likely than not that the taxable gain will be rolled
over into replacement assets and charged to tax only where the replacement assets are sold.
Deferred tax assets are recognised only to the extent that the directors consider that it is more
likely than not that there will be suitable taxable profits from which the future reversal of the
underlying timing differences can be deducted.
Deferred tax is measured on an undiscounted basis at the tax rates that are expected
to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or
substantively enacted at the balance sheet date.
Fixed Assets
All fixed assets are initially recorded at cost.
Financial Instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.Land & Buildings30 years straight line0.0000Plant & MachineryStraight line0.1000Fixtures & FittingsStraight line0.2500Motor VehiclesStraight line0.2500EquipmentStraight line0.3300
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.
90557384198866585-300038073131759763134Included within Freehold Property of £464,555 is land with a value of £100,000 which is not depreciated. 90557384198866585-300038073131759763134
Included within Freehold Property of £464,555 is land with a value of £100,000 which is not depreciated.
192266211087Ordinary1222At the year end the directors' loan account was overdrawn by £17,797 (2015 - £23,561) due to amounts drawn in the year.2016-11-16Mr R Ogtruetruetruetruexbrli:sharesiso4217:GBPxbrli:pureSt Astier Limited2015-04-012016-03-31St Astier Limited2014-04-012015-03-31St Astier Limited2014-03-31St Astier Limited2015-03-31St Astier Limited2015-03-31St Astier Limited2016-03-31 2016-11-22
