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Shetland Technical Solutions Limited
SC334698
2015-11-30
244
31
245
32
1
1
245
32
199
112
444
144
-553
-415
18175
19010
17622
18595
10342
7436
1846
1593
5434
9566
997
559
997
559
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
Turnover consists of amounts derived from the provision of services which fall within the company's activities and is stated net of value added tax. Sales of 100% are to customers outside the UK.
Work in progress
Work in progress is valued on the basis of direct costs plus attributable overheads based on normal level of activity. Provision is made for any foreseeable losses where appropriate. No element of profit is included in the valuation of work in progress.
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax, with the following exception:
Deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted.
Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantially enacted at the balance sheet date.
Fixed Assets
All fixed assets are initially recorded at cost.
Equipment
Reducing balance
0.3300
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2455
1685
1060
-290
1458
1126
491
-159
2455
1685
1060
-290
1458
1126
-159
491
Ordinary
1000
1
1000
1000
Ordinary
1
1
1
1
2016-04-07
Mr S Terris
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true
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true
xbrli:shares
iso4217:GBP
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Shetland Technical Solutions Limited
2014-12-01
2015-11-30
Shetland Technical Solutions Limited
2013-12-01
2014-11-30
Shetland Technical Solutions Limited
2013-11-30
Shetland Technical Solutions Limited
2014-11-30
Shetland Technical Solutions Limited
2014-11-30
Shetland Technical Solutions Limited
2015-11-30
2016-04-13