Accounts filed on 31-03-2016
Accounts filed on 31-03-2016
trueRiversvale Limited057421002016-03-31-832284-1025487-832184-1025387100100-832184-10253874000000-432184-1025387-432184-102538769770121661272655171140740345333512823096011055872425Basis 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.
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.
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.Going concern
The company balance sheets at 31 March 2016 and 2015 are in deficit. The directors are aware of the position, have agreed to support the company during the forthcoming financial year.
4000000Ordinary1000110001000Ordinary1100100100Going Concern
The company balance sheets at 31 March 2016 and 2015 are in deficit. The directors are aware of the position, have agreed to support the company during the forthcoming financial year.2016-12-09Mr Michael J Saltmarshtruetruetruetruexbrli:sharesiso4217:GBPxbrli:pureRiversvale Limited2015-04-012016-03-31Riversvale Limited2014-04-012015-03-31Riversvale Limited2014-03-31Riversvale Limited2015-03-31Riversvale Limited2015-03-31Riversvale Limited2016-03-31 2016-12-16
