true
M60Scuba Limited
06908045
2014-09-30
12317
12545
12417
12645
100
100
12417
12645
12417
12645
10470
10049
3683
2824
14153
12873
3378
2328
10775
10545
1947
2596
1947
2596
Basis 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.
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.
Fixed Assets
The company currently has no fixed assets. It leases machinery used. Any future depreciation on assets acquired will be provided at the following annual rates in order to write off each asset over its estimated useful life.
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.
Equipment
Method for Equipment
0.0000
4490
4490
2543
1894
649
4490
4490
2543
1894
649
Ordinary
1
100
100
100
2015-06-16
G G Shearn
true
true
true
true
xbrli:shares
iso4217:GBP
xbrli:pure
M60Scuba Limited
2013-10-01
2014-09-30
M60Scuba Limited
2012-10-01
2013-09-30
M60Scuba Limited
2012-09-30
M60Scuba Limited
2013-09-30
M60Scuba Limited
2013-09-30
M60Scuba Limited
2014-09-30
2015-06-24