Accounts filed on 30-11-2016
Accounts filed on 30-11-2016
trueOrion - Link Limited013780842016-11-3029366372363436642236500050003436642236343664223626754328668205110072510880513359184926119715136511378710228897612937076129370Basis 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.
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.
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.
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.
Pension costs
The company operates a defined contribution pension scheme for employees
and directors. The assets of the scheme are held separately from those of
the company. The annual contributions payable are charged to the profit
and loss account.
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 balance0.1500Fixtures & Fittingsreducing balance0.1500Motor Vehiclesreducing balance0.2500
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.
932329323285620838621758932329323285620838621758Ordinary2000012000020000Ordinary15000500050002017-08-21C C Brinsdontruetruetruetruexbrli:sharesiso4217:GBPxbrli:pureOrion - Link Limited2015-12-012016-11-30Orion - Link Limited2014-12-012015-11-30Orion - Link Limited2014-11-30Orion - Link Limited2015-11-30Orion - Link Limited2015-11-30Orion - Link Limited2016-11-30 2017-08-25
