1st.com Limited
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Notes to the Accounts |
for the year ended 31 March 2017
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1 |
Accounting policies |
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Basis of preparation |
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The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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Debtors |
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Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
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2 |
Debtors |
2017 |
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2016 |
£ |
£ |
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Trade debtors |
5,000 |
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5,000 |
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3 |
Other information |
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1st.com Limited is a private company limited by shares and incorporated in England. Its registered office is: |
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Cumberland House |
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24 - 28 Baxter Avenue |
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Southend on Sea |
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Essex |
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SS2 6HZ |