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CRS (Scotland) Limited
SC245540
2014-10-31
42448
68010
176264
176826
100
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176264
176826
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732803
514083
732803
514083
Basis of accounting
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of certain fixed assets, 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.
Investment properties
Investment properties are shown at their open market value. The surplus or deficit arising from the annual revaluation is transferred to the investment revaluation reserve unless a deficit, or its reversal, on an individual investment property is expected to be permanent, in which case it is recognised in the profit and loss account for the year.
This is in accordance with the FRSSE which, unlike the Companies Act 2006, does not
require depreciation of investment properties. Investment properties are held for their investment potential and not for use by the company and so their current value is of prime importance. The departure from the provisions of the Act is required in order to give a true and fair view.
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
All fixed assets are initially recorded at cost.
732803
514083
193720
25000
The investment properties were revalued at the year end by the directors, Mr & Mrs T. Smith on an open market value basis.
732803
514083
193720
25000
The investment properties were revalued at the year end by the directors, Mr & Mrs T. Smith on an open market value basis.
0
49287
Ordinary
100
1
100
100
Ordinary
1
100
100
100
2015-06-03
Mr T Smith
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true
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CRS (Scotland) Limited
2013-11-01
2014-10-31
CRS (Scotland) Limited
2012-11-01
2013-10-31
CRS (Scotland) Limited
2012-10-31
CRS (Scotland) Limited
2013-10-31
CRS (Scotland) Limited
2013-10-31
CRS (Scotland) Limited
2014-10-31
2015-06-18