Accounts filed on 31-03-2014
Accounts filed on 31-03-2014
trueInflatable Safety and Survival Equipment Technical Association Limited011340842014-03-311615161516151615161556137246562972612084375035453511Basis 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
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.
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.
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.
The company is limited by guarantee and does not have a share capital.
2014-12-11Mr Simon Witheytruetruetruetruexbrli:sharesiso4217:GBPxbrli:pureInflatable Safety and Survival Equipment Technical Association Limited2013-04-012014-03-31Inflatable Safety and Survival Equipment Technical Association Limited2012-04-012013-03-31Inflatable Safety and Survival Equipment Technical Association Limited2012-03-31Inflatable Safety and Survival Equipment Technical Association Limited2013-03-31Inflatable Safety and Survival Equipment Technical Association Limited2013-03-31Inflatable Safety and Survival Equipment Technical Association Limited2014-03-31 2014-12-15
