true
GTTS 2012 Ltd
08053275
2015-05-31
-5079
-2197
-4979
-2097
100
100
-4979
-2097
-4979
-2097
-7081
-3897
37235
24168
30154
20271
27918
20249
2236
22
2102
1800
1000
1500
1102
300
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).
The financial statements have been prepared on the going concern basis. The directors are currently supporting the company's position and have indicated a willingness to continue this support for the foreseeable future. The directors therefore consider the going concern basis to be appropriate.
Turnover
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.
Goodwill
The goodwill arose on the purchase of a company in 2012. This is being written off over its estimated useful economic life of 5 years.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over
the useful economic life of that asset as follows:
Goodwill-5 years
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.
Equipment
straight line
0.2000
2500
2500
1500
1000
500
1629
500
1129
527
200
327
4129
3000
1129
2027
1200
827
Ordinary
1
100
100
100
2016-02-25
T C Hopkins
A M Hopkins
Director
true
true
true
true
xbrli:shares
iso4217:GBP
xbrli:pure
GTTS 2012 Ltd
2014-06-01
2015-05-31
GTTS 2012 Ltd
2013-06-01
2014-05-31
GTTS 2012 Ltd
2013-05-31
GTTS 2012 Ltd
2014-05-31
GTTS 2012 Ltd
2014-05-31
GTTS 2012 Ltd
2015-05-31
2016-02-25