Accounts filed on 31-08-2016
Accounts filed on 31-08-2016
trueMellcrest Limited022124812016-08-317810167652857820167653851000100782016765385832898761701161491415270864037623580194601446234118639069814303659714624974265875165887134823451211152116906712111521169067Basis 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.
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 at a constant rate of charge on the balance of capital repayments outstanding.
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to the profit and loss account to which they relate.
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 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.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
Plant & MachineryMethod for Plant & equipment0.0000Fixtures & FittingsMethod for Fixtures & fittings0.0000Motor VehiclesMethod for Motor vehicles0.0000EquipmentMethod for Equipment0.0000
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.
138442013061527826817326813708536183138442013061527826817326813708536183Ordinary A5011501100Ordinary B49614960Ordinary C1110Ordinary D1110Ordinary E1110Ordinary A1501100501Ordinary B1496496Ordinary C111Ordinary D111Ordinary E111Ordinary19009009002016-11-21Mr. R D Hackmantruetruetruetruexbrli:sharesiso4217:GBPxbrli:pureMellcrest Limited2015-09-012016-08-31Mellcrest Limited2014-09-012015-08-31Mellcrest Limited2014-08-31Mellcrest Limited2015-08-31Mellcrest Limited2015-08-31Mellcrest Limited2016-08-31 2016-11-28
