For the year ended 31 March 2012
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 03772390
Interstor Contracts Ltd
For the year ended 31 March 2012
1
Accountants' Report
2
Balance Sheet
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Notes to the Abbreviated Financial Statements
Interstor Contracts Ltd
Accountants' Report
For the year ended 31 March 2012
As described in the balance sheet you are responsible for the preparation of the financial statements for the year |
ended 31 March 2012 and you consider that the company is exempt from an audit under the Companies Act 2006. |
In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you |
to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us. |
NRM Accountancy Services Ltd
70 Wood Street
London
E17 3HT
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Notes to the Abbreviated Financial Statements |
Interstor Contracts Ltd
For the year ended 31 March 2012
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008). |
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. |
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Proposed dividends are only included as liabilities in the financial statements when their payment has been approved |
by the shareholders prior to the balance sheet date. |
Where preference shares are classed as liabilities rather than equity any preference dividends paid are included in |
interest payable and similar charges within the profit and loss account. |
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Land and Buildings
Plant and Machinery
Computer Equipment
Motor Vehicles
Fixtures and Fittings
Stocks and work in progress |
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. |
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Notes to the Abbreviated Financial Statements |
Interstor Contracts Ltd
For the year ended 31 March 2012
10,176
10,176
8,770
281
Charge for year
9,051
1,125
1,406
Allotted called up and fully paid |
2012
2011
100 Class A shares of £1.00 each |
100
100
100
100
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