Accounts filed on 30-04-2016
Accounts filed on 30-04-2016
trueH.D. Marketing Limited041635022016-04-30330213283316330263283366505033026328336668398754781231332694152254253893019812850661655951440614675764291274239153562041019518079334665484411324414032334558456536798984987106979683Basis 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 the realisable value of work undertaken during the year, exclusive of Value Added Tax.
GoodwillPositive purchased goodwill arising on acquisitions is capitalised, classified as an asset on
the Balance Sheet and amortised over its estimated useful life up to a maximum of 20 years.
This length of time is presumed to be the maximum useful life of purchased goodwill because it
is difficult to make projections beyond this period. Goodwill is reviewed for impairment at
the end of the first full financial year following each acquisition and subsequently as and
when necessary if circumstances emerge that indicate that the carrying value may not be
recoverable.Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over
the useful economic life of that asset as follows:
Goodwill-5%-20% straight line basis
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 taxation is provided on the liability method in respect of the taxation effect of all
timing differences to the extent that tax liabilities are likely to crystallise in the foreseeable
future.
Fixed Assets
All fixed assets are initially recorded at cost.
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.
Plant & Machineryreducing balance0.2000Fixtures & Fittingsreducing balance0.2000Motor Vehiclesreducing balance0.2000Assets For Rentalreducing balance0.20001609061609061263481152531109536560336560329761428061616998106979683101453720653619210144239623958692809378123133269020476Ordinary1000110001000Ordinary15050502017-01-19R Howardtruetruetruetruexbrli:sharesiso4217:GBPxbrli:pureH.D. Marketing Limited2015-05-012016-04-30H.D. Marketing Limited2014-05-012015-04-30H.D. Marketing Limited2014-04-30H.D. Marketing Limited2015-04-30H.D. Marketing Limited2015-04-30H.D. Marketing Limited2016-04-30 2017-01-20
