Accounts filed on 30-09-2016
Accounts filed on 30-09-2016
trueMushy Mushy Limited092053102016-09-303957-16294057-15291001004057-15296500010557-152910557-1529697256111752940822812817835122794132574Basis 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.
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 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.
Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.
Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
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.
Ordinary1001100100Ordinary1100100100Going Concern
The directors have reviewed the twelve months ahead of the date of signing the balance sheet and notes no material uncertainties as to why the company will not be able to continue as a going concern.2017-06-12Mr M HarriesMrs A MustaphaDirectortruetruetruetruexbrli:sharesiso4217:GBPxbrli:pureMushy Mushy Limited2015-10-012016-09-30Mushy Mushy Limited2014-09-052015-09-30Mushy Mushy Limited2014-09-04Mushy Mushy Limited2015-09-30Mushy Mushy Limited2015-09-30Mushy Mushy Limited2016-09-30 2017-06-15
