Accounts filed on 31-03-2014
Accounts filed on 31-03-2014
trueT.B.M. Developers Limited064300372014-03-317676621686767216100010008676721686767216-155722-1578153402493628711845272050561500346175225133133000936010304164398165031164398165031Basis 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
Turnover is the total amount receivable by the company for goods supplied and services rendered, excluding VAT.
In respect of long-term contracts and contracts for on-going 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 on-going 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.
Work in progress
Work in progress is valued on the basis of direct costs plus attributable overheads based on normal level of activity. Provision is made for any foreseeable losses where appropriate. No element of profit is included in the valuation of work in progress.
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 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.Motor Vehiclesreducing balance0.25001685001685004102346963316850016850041023469633Ordinary1000110001000Ordinary11000100010002014-10-15Mr D J Morrelltruetruetruetruexbrli:sharesiso4217:GBPxbrli:pureT.B.M. Developers Limited2013-04-012014-03-31T.B.M. Developers Limited2012-04-012013-03-31T.B.M. Developers Limited2012-03-31T.B.M. Developers Limited2013-03-31T.B.M. Developers Limited2013-03-31T.B.M. Developers Limited2014-03-31 2014-10-16
